AT A GLANCE
Luxottica Group is a leader in premium, luxury and sports eyewear
Luxottica is a leader in the design, manufacture and distribution of fashion, luxury and sports eyewear.
Its portfolio includes proprietary brands such as Ray-Ban, Oakley, Vogue Eyewear, Persol, Oliver Peoples, Alain Mikli and Arnette, as well as licensed brands including Giorgio Armani, Burberry, Bulgari, Chanel, Coach, Dolce&Gabbana, DKNY, Michael Kors, Miu Miu, Paul Smith, Prada, Ralph Lauren, Starck Eyes, Tiffany & Co., Tory Burch, Versace and Valentino.
The Group’s global wholesale distribution network covers more than 150 countries across five continents and is complemented by an extensive retail network of approximately 9,000 stores, including LensCrafters and EyeMed in North America, OPSM and LensCrafters in Asia-Pacific, GMO in Latin America, Salmoiraghi&Viganò in Italy and Sunglass Hut worldwide.
In 2017, Luxottica posted net sales of more than Euro 9 billion and headcount as of year-end was about 85,000 employees.
General financial data (31st Dec 2017)
(data in millions of Euro)
** Net income attributable to Luxottica Group Stockholders at December 31, 2016 was restated to include Euro 2.4 million from the Salmoiraghi & Viganò’s acquisition required by IFRS 3 - Business Combinations
For addistional disclosures please see the press release
The Company’s strategy is to continue to expand in the eyewear and eye care sector by growing its various businesses, whether organically or through acquisitions. THIS STRATEGY IS BASED ON A VISION OF SUSTAINABILITY WHICH HAS ALWAYS INSPIRED LUXOTTICA'S BUSINESS APPROACH.
Being a global leader in the design, manufacture and distribution of sun and prescription eyewear of high technical and stylistic quality, Luxottica’s mission is multifold: to improve the well-being and satisfaction of its customers while simultaneously creating value for its employees and the communities in which the Group operates.
"To see the beauty of life" is the Luxottica vision that inspires its sustainable business approach and an integral part of the Group’s strategy. It stems from a notion of universal beauty, visible to everyone, that assumes a tangible form in the search for a balance between well-being, respect for the environment, ethics and the transparency of relations.
Luxottica has always strived to make the best eyewear in the world, innovative in design and excellent in quality, so people can enjoy the beauty of life in every aspect of the world. A world to understand, protect and promote. The beauty of looking ahead and seeing a better future.
Sustainability in its wider meaning - environmental, social, economic - is a principle that has deep roots in the Luxottica story, becoming part of the company culture over the years and permeating the entire value chain.
Luxottica delivers on its mission through its vertically integrated business model, manufacturing excellence, focus on service and geographically diversified footprint, which in turn have led to greater efficiency, flexibility and speed in product design, engineering, manufacturing, supply chain and logistics, whilst being uncompromising in quality.
The achievement of high standards in quality reflects the Group’s strong technical and manufacturing expertise - the result of over 50 years of experience - and its constant commitment to technological innovation, style and design, the study of changing consumer tastes and the interpretation of fashion trends.
Luxottica’s long-term strategy is to continue to expand in the eyewear and eye care sectors by growing its various businesses, whether organically or through acquisitions. The Company will continue to focus on the following strategic pillars: vertical integration, design and technological innovation, brand portfolio management, market expansion, financial discipline and the development of talented and committed employees.
One of the competitive advantages underpinning the Group’s past and future successes is the vertically integrated structure that Luxottica has built over the decades.
The Group’s present structure, covering the entire value chain, is the result of a far-sighted choice made by the Company’s founder and current Executive Chairman, Leonardo Del Vecchio, who understood the potential of a vertical integration strategy when he decided to make entire frames rather than just components. Vertical integration of manufacturing was gradually accompanied by the expansion of distribution, first with wholesale, then in 1995 with retail and later with e-commerce, and by the creation of a key presence in the high value added business of lens finishing.
In manufacturing, the Company has, over decades, vertically integrated all the phases of the production process to attain a level of efficiency in line with the quality of products and services it offers.
Direct control of the entire production platform makes it possible to verify the quality of the products and processes, introduce innovations, discover synergies and new operating methods, and optimize time and costs.
Direct distribution enables Luxottica to offer its products in the major developed and emerging markets and achieve a unique understanding of consumer needs and tastes.
This capability is viewed as a strength by stylists and fashion houses who come to Luxottica to produce their eyewear collections and access the Group’s global and widespread distribution network.
From Persol to Óticas Carol, the history of the Group through its acquisitions.
|Target||% of capital||Announcement||Closing date||Press release|
|Óticas Carol||100%||30-jan-2017||6-jul-2017||Press release|
|Salmoiraghi & Viganò||63.2%||25-nov-16||28-dec-2016|
|Salmoiraghi & Viganò||36%||27-nov-12||25-mar-2013|
|Multiopticas Internacional S.L.||40%||27-may-09||16-jul-09|
|60%||23-may-11||13-jul-2011 (46%) - 29-nov-2011 (14%)|
|Oakley||100%||20-21 june 07||14-nov-07|
|US Shoe Corp.||100%||03-mar-95||12-may-95|