Luxottica Group, S.p.A. (LUX)

PROFILE OF LUXOTTICA GROUP

Luxottica Group is a global leading designer, manufacturer and distributor of premium and luxury prescription frames and sunglasses. Thanks to its global distribution network in both its retail and wholesale businesses, the Group now operates in all the world’s most important markets.

In the retail market, the Group can boast the most extensive distribution in the industry, with over 6,400 stores in the optical and sun market segments. The Group is a leading retail operator in North America, China, Australia, New Zealand and the United Kingdom. Luxottica’s wholesale distribution network covers 130 countries, with direct operations in the world’s 44 most important eyewear markets.

Luxottica Group’s brand portfolio currently has more than 20 house and under license brands. House brands include Ray-Ban, the world’s best-selling sun and prescription eyewear brand, Arnette, Oakley, Persol, Revo, and Vogue. License brands include Bvlgari, Burberry, Chanel, Dolce & Gabbana, Polo Ralph Lauren, Prada, Tiffany & Co., and Versace. The Group’s products are designed and manufactured in six manufacturing plants in Italy, two wholly owned plants in China and two facilities in the United States.

Over the years, Luxottica has become a global leader in its industry thanks to its:

PROFILE OF LUXOTTICA GROUP

Luxottica Group is the world’s leading designer, manufacturer and distributor of premium and luxury prescription frames and sunglasses. It is a global leader in eyewear, with nearly 5,700 optical and sun retail stores located primarily in North America, Asia-Pacific, China and the UK and a strong brand portfolio that includes Ray-Ban, the world’s best-selling eyewear brand, as well as, among others, license brands Bvlgari, Burberry, Chanel, Dolce & Gabbana, Donna Karan, Prada, Versace and Polo Ralph Lauren, and key house brands Vogue, Persol, Arnette and Revo. In addition to an extensive wholesale 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 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 a leading player in the retail market in North America, China, Australia, New Zealand and the UK and its wholesale distribution network covers over 130 countries, with direct operations in the world’s 38 most important eyewear markets. Luxottica Group’s brand portfolio currently has eight house brands and 19 license brands. Over the years, Luxottica Group has become a global leader 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 ability to serve the market and keep distribution cost and time 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; and

·             Strong focus on pre- and post-sales services.

MILESTONES IN LUXOTTICA GROUP’S HISTORY