LUX » Topics » MILESTONES IN LUXOTTICA GROUPS HISTORY

This excerpt taken from the LUX 6-K filed Jun 4, 2008.

MILESTONES IN LUXOTTICA GROUP’S HISTORY

 

1961

 

Starts out as a manufacturer of optical frames.

 

 

 

1990

 

Listing on the New York Stock Exchange (NYSE).

 

 

 

1995

 

Acquisition of LensCrafters, a leading premium optical retail brand in North America.

 

 

 

1999

 

Acquisition of the eyewear division of Bausch & Lomb, comprising such brands as Ray-Ban, Revo, Arnette and Killer Loop.

 

 

 

2000

 

Listing on the Italian Stock Exchange (MTA).

 

 

 

2001

 

Acquisition of Sunglass Hut, the world’s leading premium specialty sun retailer.

 

 

 

2003

 

Acquisition of OPSM Group, the leading optical store chain operator in Asia-Pacific.

 

 

 

2004

 

Acquisition of Cole National, the second-largest optical store chain operator in North America, with retail brands including Pearle Vision, Sears Optical and Target Optical.

 

 

 

2005

 

Entry into the Chinese optical retail market through the acquisition of two retail chains. The Group becomes a leading player in China’s premium optical market segment, with stores in Beijing, Guangdong and Hong Kong.

 

 

 

2006

 

Expands distribution in North America and China through acquisitions in Canada, the Midwest United States and Shanghai. Enters into an agreement to open Sunglass Hut stores in the Middle East. In September, the first LensCrafters store in Beijing opens.

 

 

 

2007

 

Acquisition of Oakley, the performance eyewear company, giving rise to the new Luxottica Group. This acquisition provides the Group with exceptional potential, due to not only the force and name recognition of the Oakley brand, but, in addition, Oakley brings with it a portfolio of seven brands and four distribution chains.

 

 

 



 

 

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