| Business Summary | | Luxottica
Group
S.p.A.
is
engaged
in
the
design,
manufacture,
marketing
and
distribution
of
prescription
frames
and
sunglasses
in
the
mid-
and
premium-priced
categories.
The
Company's
products
are
primarily
manufactured
in
Italy,
and
include
approximately
2,700
models
available
in
a
wide
array
of
colors
and
sizes,
which
are
marketed
under
a
variety
of
brand
names.
The
Company's
prescription
frames
and
sunglass
models
are
continually
updated
to
conform
to
changing
fashion
trends
and
consumer
preferences.
Luxottica's
products
are
divided
into
prescription
frames
and
sunglasses
that
can
be
manufactured
and
sold
as
either
house
brands
or
designer
lines.
In
1999,
the
Company
produced
a
combined
total
of
approximately
22
million
prescription
frames
and
sunglasses.
In
1998
and
1997,
the
Company
produced
approximately
19.3
million
and
18.5
million,
prescription
frames
and
sunglasses,
respectively. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Luxottica
Group
S.p.A.
designs,
manufactures,
distributes
and
markets
high
quality
eyeglass
frames
and
sunglasses
in
the
mid
and
premium
price
categories.
For
the
fiscal
year
ended
12/00,
revenues
increased
29%
to
LIR4.68T.
Net
income
before
extraordinary
items
increased
60%
to
LIR494.29
million.
Revenues
reflect
an
increase
in
comparable
store
sales,
and
the
acquisition
of
Ray-Ban.
Earnings
also
reflect
increased
interest
income. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Leonardo Del Vecchio, 65 | Chairman | Roberto Chemello, 46 | Co-CEO,
Director | Claudio Del Vecchio, 43 | Co-CEO,
Director | Luigi Francavilla, 63 | Co-CEO | Enrico Cavatorta, 39 | CFO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|