April 23, 2014 7:55 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of Luxottica Group SpA

Company Overview

Luxottica Group S.p.A., together with its subsidiaries, provides luxury and sports eyewear worldwide. The company operates in two segments, Manufacturing and Wholesale Distribution, and Retail Distribution. The Manufacturing and Wholesale Distribution segment engages in the design, manufacture, wholesale distribution, and marketing of house brand and designer lines of prescription frames and sunglasses; sports eyewear products; and men’s and women’s apparel, footwear, and accessories. This segment offers its products under house brands, such as Ray-Ban, Oakley, Arnette, ESS, K&L, Luxottica, Mosley Tribes, Oliver Peoples, Persol, Revo, Sferoflex, and Vogue; and licensed brands comprising Anne...

Via C. Cantù 2

Milan, MI 20123

Italy

Founded in 1961

73,415 Employees

Phone:

39 02 863341

Fax:

39 02 86 33 46 36

Key Executives for Luxottica Group SpA

Chief Executive Officer and Executive Director
Age: 48
Total Annual Compensation: $4.2M
General Manager of Central Corporate Functions and Executive Director
Age: 51
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2012.

Luxottica Group SpA Key Developments

Michael Kors Holdings Limited and Luxottica Group Sign Eyewear License Agreement for Michael Kors Collection and MICHAEL Michael Kors eyewear

Michael Kors Holdings Limited and Luxottica Group announced that they have signed a new and exclusive eyewear license agreement for the Michael Kors Collection and MICHAEL Michael Kors eyewear. The first collection produced with Luxottica will launch in January 2015. The partnership with Luxottica will last 10 years. It will allow Michael Kors, celebrated for its luxury accessories and ready-to-wear, as well as its iconic jet set lifestyle, to continue the global expansion of the brand's eyewear business. Luxottica will produce eyewear for both the Michael Kors Collection and MICHAEL Michael Kors lines, beginning with Spring 2015. The brand's two luxury eyewear collections will be carried around the world in Michael Kors stores, department stores, select travel retail locations, independent optical locations and Luxottica's retail stores.

Luxottica Group S.p.A. Launches New Open Digital Platform

Luxottica Group S.p.A. has launched a new open digital platform along with the formation of an industry consultancy panel, or ICP, for the North American market. The 'Luxottica E-Comm & Digital Innovation Laboratory', which was created in parallel with the acquisition of 'glasses.com', aims to provide new solutions for doctors. In collaboration with Luxottica's Wholesale Division, an Industry Consultancy Panel (ICP) is being formed to represent the optical market. The role of the ICP will be to evaluate potential digital solutions and provide recommendations to Luxottica on how to create a seamless omni-channel experience.

Luxottica Group and Google Announce Strategic Partnership

Luxottica Group S.p.A. and Google Inc. announce they have agreed they will join forces to design, develop and distribute a new breed of eyewear for Glass. Through this relationship, Luxottica and Google, who are setting the pace in their respective industries, will match up high-tech developers with fashion designers and eyewear professionals. In particular, the two Corporations will establish a team of experts devoted to working on the design, development, tooling and engineering of Glass products that straddle the line between high-fashion, lifestyle and innovative technology.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 7, 2014
1-800 CONTACTS, Inc., Glasses.com and Related Virtual Try-On Technology
Merger/Acquisition
May 16, 2013
--
Merger/Acquisition
May 16, 2013
--
 

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