Luxottica signs an agreement with WellPoint Inc. to acquire glasses.com, an advanced digital platform for the eyewear industry. Glasses.com is the owner of an innovative virtual try-on technology that allows customers to create a 3D model of their face and superimpose the eyewear so that they can see how the frames will look on their face. Today the platform is an innovation laboratory for e-commerce and lends its capabilities to the Group.
THE NEW FRONTIERS FOR EYEWEAR
Innovation has always been a guiding principle in Luxottica. Wearable technologies are still at the early stages of development, but Luxottica has already taken on a leading role in exploring and developing “intelligent” eyewear, in particular through the partnerships announced in 2014 with Google and Intel.
LAUNCH OF LICENSING AGREEMENTS WITH:
Michael Kors, created in 1981 by the American designer, is a brand featuring authentic and contemporary style. The eyewear line proposes a sophisticated and modern style that naturally conveys the elegance, glamour and refinement of the brand.
Statement style: flattering frames designed for a glamorous outlook
LENSCRAFTERS ENTERS MACY’S
Luxottica signs an exclusive agreement with Macy’s, one of the major department stores chains in North America, to open new LensCrafters stores inside Macy’s locations around the United States between 2016 and 2018. The agreement strengthens the Group's presence in the US department store segment and profitable collaboration with Macy's, which began with the opening of Sunglass Hut corner.
OAKLEY AND INTEL LAUNCH RADAR PACE
The first result of the collaboration between Luxottica and Intel, Radar Pace is Oakley-branded smart eyewear that features a real time, voice-activated coaching system to improve training and performance for runners and cyclists.
SUNGLASS HUT ENTERS
Luxottica signed an agreement with Galeries Lafayette, the leading department store in France, to open Sunglass Hut stores inside Galeries Lafayette and BHV MARAIS. The agreement confirmed the growing importance and great potential of sunglasses in the retail world, where Sunglass Hut is positioned as the ideal partner for department stores.
ACQUISITION OF SALMOIRAGHI & VIGANÒ
Luxottica completed the acquisition of Salmoiraghi & Viganò, in which held a minority stake since 2012. Founded in 1974 by the merger of two brands that were started respectively by Angelo Salmoiraghi and Angelo Viganò in the mid-nineteenth century, Salmoiraghi & Viganò is one of the leading optical retail chains in Italy with stores spread throughout the country.
LAUNCH OF LICENSING AGREEMENTS WITH: VALENTINO
Established in Rome in 1960, Maison Valentino is one of the highest expressions of couture savoir faire and the excellence that has made Italian products famous worldwide. The Ateliers in Palazzo Mignanelli, the company's historic headquarters in the heart of the Eternal City, are where creativity and expertise meld in search of timeless elegance. Lightness, grace and precious delicacy are the DNA of Valentino.
Acquisition of Óticas Carol
Luxottica announced the closing of the acquisition of Óticas Carol, one of the largest optical franchisors in Brazil. Established in 1997, Óticas Carol sells a broad range of prescription frames and sunglasses. Óticas Carol has achieved significant growth in recent years, strengthening its management team and growing its retail footprint, largely through established partnerships with franchisees.
Delisting from NYSE
In 2017, Luxottica initiated and concluded the delisting procedure from the New York Stock Exchange (NYSE), on which it was listed until June 16, 2017. The Company also requested its voluntary deregistration from the U.S. Securities and Exchange Commission (SEC), which became effective on September 14, 2017.
The Company's ADRs are traded in the U.S. over-the-counter market and are not listed on any U.S. securities exchange.
Delfin S.à.r.l, the majority shareholder of Luxottica Group S.p.A., and Essilor International (Compagnie Générale d’Optique) announced on October 1st, 2018, the successful completion of the combination of Essilor and Luxottica. The combined holding company named EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, prescription frames and sunglasses.
ACQUISITION OF FUKUI MEGANE IN JAPAN
On February 26, 2018, Luxottica Group S.p.A. entered into an agreement to acquire 67% of Fukui Megane Co. Ltd, a leading Japanese manufacturer based in the eyewear industrial cluster of Fukui that specializes in the production of luxury eyewear frames made of titanium and solid gold.