Luxottica Group is a market leader in the design, manufacture and distribution of fashion, luxury, sports and performance eyewear.
Luxottica has a global retail
organization to support its sun
and luxury retail brands
Luxottica Group is a market leader in the design, manufacture and distribution of fashion, luxury, sports and performance eyewear. Luxottica’s 2014 financial performance confirms the Company’s ability to continuously pursue growth while making key strategic and organizational decisions in a timely manner.
The Company’s total net sales amounted to over Euro 7.6 billion, net income was Euro 642.6 million and headcount as of year-end was 77,734 employees.
Founded in 1961 by Leonardo Del Vecchio, the Group is a vertically integrated organization whose manufacturing of sun and prescription eyewear is backed by a wide-reaching wholesale organization and a retail network located mostly in North America, Latin America and Asia-Pacific.
Product design, development and manufacturing take place in Luxottica’s six production facilities in Italy, three factories in China, one in Brazil and one facility in the United States devoted to sports and performance eyewear. Luxottica also has a small plant in India serving the local market.
In 2014, the Group’s worldwide production reached approximately 83 million units.
The design and quality of Luxottica’s products and strong well-balanced brand portfolio are recognized throughout the world. Proprietary brands include Ray-Ban, one of the world’s best-known eyewear brands, Oakley, Vogue Eyewear, Persol, Oliver Peoples, Alain Mikli and Arnette. Licensed brands include Giorgio Armani, Burberry, Bvlgari, Chanel, Coach, Dolce & Gabbana, DKNY, Michael Kors, Paul Smith, Ralph Lauren, Prada, Starck Eyes, Tiffany, Tory Burch and Versace.
The Group’s wholesale distribution network covers more than 130 countries across five continents and has approximately 50 commercial subsidiaries providing direct operations in key markets.
Wholesale customers are mostly retailers of mid to premium-priced eyewear, such as independent opticians, optical retail chains, specialty sun retailers, department stores and duty-free shops. The Group is currently seeking to further exploit new channels of distribution, such as department stores, travel retail and e-commerce. Certain brands, including Oakley, are also distributed to sporting goods stores and specialty sport stores, including bike, surf, snow, skate, golf and motor sport stores.
Luxottica is a leader in the prescription business in North America with its LensCrafters and Pearle Vision retail brands, in Australia and New Zealand with the OPSM and Laubman & Pank brands, in China with the LensCrafters brand and in Latin America with the GMO brand. In North America, Luxottica also operates its licensed retail brands Sears Optical and Target Optical. Additionally, Luxottica operates one of the largest managed vision care networks in the United States through EyeMed and the second largest lens finishing network, with three central laboratories, over 900 on-site labs at LensCrafters stores, a fully dedicated Oakley lab and an additional facility based in China dedicated to North American optical retail.
Direct wholesale operations are complemented by an extensive retail network comprised of over 7,000 stores worldwide as of December 31, 2014.
Luxottica has a global retail organization to support its sun and luxury retail brands including Sunglass Hut, ILORI and The Optical Shop of Aspen. The Sunglass Hut brand, in particular, has a global presence with stores in North America, Latin America, Asia-Pacific, South Africa, Europe and the Middle East.
The Oakley brand provides a powerful wholesale and retail (“O stores”) presence in both the performance optics and the sport channels. In its “O” store locations the Group offers Oakley eyewear styles in addition to a variety of Oakley-branded products such as apparel, footwear, backpacks and accessories designed for athletic lifestyles (e.g. surf, snow, golf, outdoor, motor sport, mountain biking).
Luxottica’s distribution channels are complemented by an e-commerce component, including the Oakley, Ray-Ban and Sunglass Hut websites.