Luxottica Company Description
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 nearly 20 licensed designer brands (Burberry, Chanel, Tiffany) and eight house brands (Ray-Ban). The group's 6,400-store (about 520 stores are franchises) retail arm, Luxottica Retail, operates LensCrafters 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.
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The Company Description provides a historical perspective of Luxottica's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Luxottica's evolution in the marketplace.
