Luxottica
Sign in to saveAlso known as Luxottica Group S.p.A.
Luxottica Group S.p.A. is an Italian eyewear multinational corporation headquartered in Milan. As a vertically integrated company, Luxottica designs, manufactures, distributes, and retails its eyewear brands through its own subsidiaries. It is the largest eyewear company in the world. It is, since October 2018, a subsidiary of EssilorLuxottica, which arose out of a merger between the Italian company and the French ophthalmic optics corporation Essilor.
Key facts
- Company.name
- Luxottica Group S.p.A.
- Company.logo
- Luxottica.svg
- Company.type
- Subsidiary
- Company.traded_as
- (2000–2017) (1990–2017)
- Company.foundation
- , in Agordo, Italy
- Company.founder
- Leonardo Del Vecchio
- Company.location_city
- Milan
- Company.location_country
- Italy
- Company.area_served
- Worldwide
- Company.key_people
- Francesco Milleri(deputy chairman and CEO)
- Company.industry
- Eyewear manufacturing, luxury, eyewear manufacturing and wholesale distribution, eyewear retailing
- Company.products
- Sunglasses, spectacle frames, prescription frames
- Company.services
- Opticians, optical retail, sun retail
- Company.num_employees
- 89,000 (2019)
- Company.divisions
- Ray-Ban, Persol, Oakley, LensCrafters, OPSM, Sunglass Hut, Apex by Sunglasshut, Eyemed, Pearle Vision, Sears Optical, Onesight, Target Optical
- Company.parent
- EssilorLuxottica (2018–present)
via Wikipedia infobox
Research organization · ROR
- Type
- Company
- Founded
- 1961
- Location
- Milan, Italy
- Status
- Active
GRID grid.509803.7
~12 min read
Encyclopedic overview
14 sectionsContents
- History
- Founding of Luxottica
- Vertical integration and acquisitions
- Reorganization and merger with Essilor
- Eyewear brands
- Retail
- Medical managed care
- Philanthropy
- Criticism
- Monopolistic pricing practices
- Major shareholders
- See also
- References
- External links
Luxottica Group S.p.A. is an Italian eyewear multinational corporation headquartered in Milan. As a vertically integrated company, Luxottica designs, manufactures, distributes, and retails its eyewear brands through its own subsidiaries. It is the largest eyewear company in the world. It is, since October 2018, a subsidiary of EssilorLuxottica, which arose out of a merger between the Italian company and the French ophthalmic optics corporation Essilor.
Luxottica was founded in Agordo by Leonardo Del Vecchio in 1961 as a sunglasses manufacturer selling and branding under its own name. Del Vecchio quickly acquired numerous businesses in the pursuit of vertical integration, buying distribution companies rapidly and signing its first designer licensing agreement with Giorgio Armani. In 1990, the company listed American depositary receipts on the New York Stock Exchange where it traded until 2017.
Excerpted from Wikipedia’s “Luxottica” article, available under the CC BY-SA 4.0 licence.