Tag Archives: Luxottica

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

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.

Park Associati gives Luxottica a new look

The architectural firm Park Associati won the competition for the new Luxottica office building in Milan and the building work has already begun. Founded in 2000 by Filippo Pagliani and Michele Rossi, Park Associati is an architectural design studio based in Milan, that works on a wide range of projects. The enlargement of Luxottica offices

Another “+” for Luxottica

Over the first six months of 2017, Luxottica’s turnover grew 4.2% (+1.8% at constant currency rates). Its Wholesale and Retail divisions both contributed to the positive performance during this period, despite the implementation of stricter trade policies in North America and China and the reduction of discounts in all sales channels. The company’s e-commerce platforms

The Top 100 luxury goods companies

Deloitte’s ‘Global Powers of Luxury Goods 2017’ report placed Italy at the top of the fashion and luxury sector. The brands categorized generated a turnover of $212 billion with Luxottica, the only Italian company among the top ten, in fourth position followed by Prada (17th) and Giorgio Armani (21st). Another interesting figure is our sector’s