Tag Archives: Luxottica

Dolce&Gabbana confirms Luxottica

Dolce&Gabbana confirms Luxottica

Luxottica Group and Dolce&Gabbana announced the early renewal of an exclusive license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Dolce&Gabbana brand. The ten-year renewal is effective starting January 1, 2020 and is scheduled to expire on December 31, 2029. “We are extremely proud of our collaboration with

Luxottica Chair in Chinese Market and Business Development at the Bocconi University

Luxottica has signed an agreement with Milan’s Bocconi University to establish a five-year professorship, the Luxottica Chair in Chinese Market and Business Development. The new post has been awarded to Fabrizio Perretti, Full Professor of the Department of Management and Technology. China is becoming an increasingly important market on the global stage. The aim of

Chanel confirms Luxottica

Chanel and Luxottica Group announced the early renewal of an exclusive license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Chanel brand. The five-year agreement will come into effect on January 1, 2020 and run until December 31, 2024 with a possibility for renewal for a period of three years

EssilorLuxottica enters Fortune magazine’s 2019 Change the World list

EssilorLuxottica has made Fortune magazine’s 2019 Change the World list, taking the 17th spot on this annual prestigious list, which recognizes companies that have had a positive social impact through activities that are part of their core business strategy. Among 52 companies, the Group is honored in particular for its commitment to bring good vision for everyone everywhere and eradicate poor

EssilorLuxottica and Delfin sign settlement agreement to solve EssilorLuxottica’s governance issue

EssilorLuxottica announced that EssilorLuxottica and Deflin S.à.r.l. agreed upon a settlement agreement to overcome the governance issues and set the basis for a renewed start of profound collaboration between Essilor and Luxottica. The agreement settles any existing dispute among the parties. The Board of Directors of EssilorLuxottica unanimously supported and approved this agreement aimed at

Luxottica has acquired Barberini

Luxottica has acquired of Barberini S.p.A., the world’s leading optical glass sun lens manufacturer. With this transaction, that is valued at approximately Euro 140 million, Luxottica consolidates its strategy of focusing on excellent production facilities and “made in Italy” quality. The transaction allows the group to strengthen its know-how in glass sun and prescription lenses,

Luxottica continues to grow

The group closed the fourth quarter of 2017 with sales up 4.3% at constant exchange rates (-2.3% at current exchange rates as a result of the strong appreciation of the Euro against the group’s other primary currencies). Fourth quarter results were driven by the acceleration of sales in both the retail and wholesale divisions and

Luxottica Group reorganization

Luxottica Group simplifies its governance structure with the departure of the Chief Executive Officer for Product and Operations Massimo Vian before his term expires. The group will consolidate executive responsibilities in the hands of the Executive Chairman Leonardo Del Vecchio and the Deputy Chairman Francesco Milleri, who also assumes the position of Chief Executive Officer.