Luxottica Group SpA (ADR), $52.04, symbol LUX on New York (ADRs outstanding: 477.4 million; Market cap: $24.7 billion; www.luxottica.com), is an Italian company that sells prescription eyewear and sunglasses. It has six plants in Italy and one in China.
Luxottica’s retail division operates nearly 7,000 company-owned, franchised and leased locations under the LensCrafters, Sunglass Hut, Pearle Vision, Target Optical and Sears Optical banners.
The wholesale division makes and distributes over 2,400 frame styles, including company-owned brands (notably Ray-Ban and Oakley) and licensed labels (including Chanel, Bulgari, Prada, Tiffany, Coach and Armani).
The company also owns EyeMed Vision Care, the second-largest eye-care insurance company in the U.S.
Luxottica’s sales are rising in North America (which accounts for 58% of its overall sales), and it is seeing improving demand in Europe (19% of sales), although the recession-hit southern part of the continent remains weak.
The company will need stronger global economic growth—including in emerging markets like China and Brazil—to keep reporting higher sales…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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