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Luxottica Group, S.p.A. (LUX) |
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WIKI ANALYSIS
Luxottica Group is the world’s leading designer, manufacturer and distributor of prescription frames and sunglasses in the premium and luxury segments. It is a global leader in eyewear, with nearly 6,200 optical and sun retail stores in North America, Asia-Pacific, UK, China and South Africa . The group possesses a strong brand portfolio that includes Oakley, Ray-Ban, the world’s best selling sun and prescription eyewear brand, as well as among others, license brands Bvlgari, Burberry, Chanel, Dolce & Gabbana, Donna Karan, Prada, Versace, and Polo Ralph Lauren (RL) (beginning January 2007). Key house brands include Vogue, Persol, Arnette and REVO.
In addition to an extensive global network, the Group manages leading retail brands such as LensCrafters and Pearle Vision in North America, OPSM and Laubman & Pank in Asia-Pacific, and Sunglass Hut globally. The Group’s products are designed and manufactured in six Italy-based high-quality manufacturing plants, in the Oakley plant settled in California, and in the only two China-based plants wholly-owned by a premium eyewear manufacturer.
The Group’s distribution network covers all of the world’s key markets, both wholesale and retail. It is the leading player in the retail market in North America, Asia-Pacific, UK, China and South Africa, and its wholesale distribution network covers 130 countries, with direct operations in the world’s 38 most important eyewear markets.
Luxottica Group’s brand portfolio currently has ten house brands and 20 licensed brands. Over the years, Luxottica Group has achieved global leadership in the eyewear industry thanks to its: - vertically integrated design-production-distribution model, both wholesale and retail, which is unique in the sector; - wide-reaching wholesale and retail distribution network, which maximizes the Group’s capacity to serve the market and keep distribution costs and times under tight control; - brand portfolio, one of the strongest and most balanced in the industry; - high, and continuously improving, product quality; - production efficiency and flexibility, enabling it to rapidly address changes in the market; - strong focus on pre- and post-sales services
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