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Luxottica Group S.p.A. · Milan Italy ·(NYSE: LUX)(Italian: LUX)

Company Description

Via Cantù, 2
Milan
20123
Italy (Map)
Phone: +39-02-863341
Fax: +39-02-8633-4092
Toll Free: 800-451-4839
Rankings
  • MIB
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When it comes to eyewear, Luxottica Group has it made in the shades. The world's largest eyewear firm, Luxottica designs, makes, and sells upscale eyeglass frames and sunglasses, offering some 20 licensed designer brands (Burberry, Chanel, Tiffany) and eight house brands (Ray-Ban and REVO). The group's 6,200-store (about 520 stores are franchises) retail arm, Luxottica Retail, operates LensCrafters and Pearle Vision optical shops, Sunglass Hut, Watch Station, and Watch World, and the EyeMed Vision Care group. Luxottica makes its frames in company-owned plants in Italy and China and sells them in about 130 countries. It acquired US sport sunglasses maker Oakley in 2007, as well as China's Modern Sight Optics. To read the full description, subscribe now.
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Key Luxottica Group S.p.A. Financials

Company TypePublic - NYSE: LUX - Italian: LUX

Headquarters
Fiscal Year-EndDecember
2008 Sales (mil.)$7,331.7
2008 Employees61,000

Luxottica Group S.p.A. Executives

42 executives listed for Luxottica Group S.p.A.'s Milan,  location.
TitleName & BioContact
ChairmanLeonardo Del VecchioNetwork
Chief Quality Officer and Deputy ChairmanLuigi FrancavillaNetwork
CEO and DirectorAndrea GuerraNetwork

Competition

Competitive Landscape for Luxottica Group S.p.A.
Demand for health insurance products is driven by the rising costs of medical care. The profitability of individual companies depends on efficient operations and the ability to negotiate favorable contracts with healthcare providers. Large companies and organizations have advantages in negotiating contracts with healthcare providers. Small companies can compete successfully by providing special coverage plans as part of government programs such as Medicaid, or for specialized populations. The industry is highly automated and capital-intensive: annual revenue per employee is close to $1 million. Reforming the US healthcare industry continues to be a top agenda item in Washington, but a consensus on the best way to reduce healthcare spending has yet to be reached. The managed healthcare industry will most certainly be impacted by any changes initiated by federal legislators. To read the full description, subscribe now.
Top Luxottica Group S.p.A. Competitors
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