Luxottica Group SpA

Luxottica Group SpA

Luxottica Group SpA

Overview
Date Founded

1961

Headquarters

Piazzale Cadorna, 3,Milan 20123

Type of Company

Private

Employees (Worldwide)

82.4K

Industries

Medical Products & Equipment
Retail: Other
Wholesale: Medical Supplies & Pharmaceuticals
Apparel & Footwea

Company Description

Luxottica Group SpA engages in the design, manufacture, and distribution of fashion, luxury, sport, and performance eyewear. It operates through the following segments: Manufacturing and Wholesale Distribution and Retail Distribution. The Manufacturing and Wholesale distribution segment specializes in the production and sale of its house brands and designer lines of mid to premium-priced prescription frames, sunglasses, and sports eyewear. The Retail Distribution segment operates through the marketing of its retail brands which include LensCrafters, Sunglass Hut, OPSM, Laubman & Pank, Oakley O Stores and Vaults, David Clulow, GMO, and its licensed brands Sears Optical and Target Optical. The company was founded by Leonardo del Vecchio in 1961 and is headquartered in Milan, Italy.

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Executives & Employees

Executive Director

Chief Operating Officer

Head-Corporate Istitutional Communication

President, Wholesale

Director-Group IR & Corporate Communications

Vice President

Corporate Business Services Officer

Board of Directors

Executive Chairman & Chief Executive Officer at EssilorLuxottica SA

Deputy Chairman & Chief Executive Officer at Luxottica Group SpA

Director at Banca d'Italia

Professional at VF Services, Inc.

Chief Executive Officer, Sky Italia at Sky Ltd.

Director at Luxottica Group SpA

Chief Corporate & Supply Officer, Financial Reporting Officer, Executive Director at Moncler S.p.A.

Member-Insurance Accounting Working Group at European Financial Reporting Advisory Group

Chief Executive Officer at KIKO SpA

Former Professional at ePRICE SpA

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Owners & Shareholders
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WCM employs a bottom-up, fundamental method of analysis that emphasizes long-horizon growth prospects, competitive advantages, and company cultures conducive to attracting great people. Valuation also plays an important factor in the firm's analysis method, predominantly impacting the timing of decisions and portfolio position sizing. Their strategies utilize different capitalization ranges (e.g., large-cap, small-cap, all-cap,) different geographical scopes (e.g., international, global, emerging markets, US domestic) and different security types (e.g., foreign ordinary shares, ADR). WCM's Investment Strategy Group (ISG), consisting of senior investment professionals, makes all portfolio decisions.

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Boston Financial Management (BFM) generally employs an investment strategy which emphasizes a long term point of view. Securities purchased consist predominantly of investment-grade securities including common and preferred stocks; bonds and notes of corporations, federal, state, and local governments and agencies; mutual funds; and ETFs. Covered call options may be written for client accounts from time to time, as appropriate. BFM does not ordinarily engage in short sales or margin transactions. They generally do not participate in any IPOs or secondary offerings.The firm builds diversified equity portfolios of high-quality companies purchased at that can be purchased at attractive valuations. BFM believes compelling opportunities can be found in both growth and value stocks, and that core portfolios should contain a blend of both. The firm contends that a global perspective is essential in the construction of equity portfolios. They accomplish this by investing in U.S. based corporations that derive a significant portion of their revenue from overseas markets, as well as in ADRs of foreign-based industry leaders. BFM augments their international approach through the select use of actively managed international mutual funds and ETFs that invest in companies headquartered outside the US.BFM's fixed income investment objectives are to generate current income, preserve capital, provide liquidity, and enhance stability in balanced portfolios. Their active approach seeks to anticipate interest rate changes and seek to capitalize on relative value between sectors in consideration of the impact of tax-efficiency. The foundation of BFM's bond portfolio management is the level and direction of interest rates. They build the core bond portfolio with high quality taxable or tax-exempt bonds and then diversify the core with fixed income instruments that augment the income and volatility goals of the portfolio. BFM utilizes a variety of fixed income classes: US Government bonds; US agency bonds; high quality municipal bonds; high quality investment grade corporate bonds; mid-investment grade corporate bonds; and preferred stocks.

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EssilorLuxottica SA designs, manufactures and sale of ophthalmic lenses and ophthalmic optical instruments. It operates through the foloowing business segments: Lenses & Optical Instruments, Equipment, and Sunglasses and Readers. The Lenses & Optical Instruments business segment engages in the production, finishing, distribution and trading of lens and instruments. The Equipment business segment includes production, distribution and sale of high capacity equipment, such as digital surfacing machines and lens polishing machines, which are used in manufacturing plants and prescription laboratories for finishing operations on semi-finished lenses. The Sunglasses and Readers business segment engages in the production, distribution and sale of both non-prescription sunglasses and non-prescription reading glasses. The company was founded on October 6, 1971 and is headquartered in Charenton-le-Pont, France.

Recent Transactions
Details Hidden

EssilorLuxottica SA purchases Luxottica Group SpA

Details Hidden

Luxottica Group SpA purchases Barberini SpA

Details Hidden

EssilorLuxottica SA purchases Luxottica Group SpA

Transaction Advisors
Accountant

Advised onLuxottica Group SpA purchases OPSM Group Pty Ltd.

Legal Advisor

Advised onLuxottica Group SpA purchases Oakley, Inc.

Investment Advisor

Advised onLuxottica Group SpA purchases Cole National Corp. from HAL Holding NV

Legal Advisor

Advised onLuxottica Group SpA purchases Oakley, Inc.

Legal Advisor

Advised onLuxottica Group SpA purchases Oakley, Inc.

Legal Advisor

Advised onLuxottica Group SpA purchases Cole National Corp. from HAL Holding NV

Advisors & Consultants
Legal Advisor

Chair, Litigation Department at Winston & Strawn LLP

Advisor

Partner & Executive Vice President at Senn-Delaney Leadership Consulting Group LLC

Clients

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2011 sales of $26.4 billion. The Macy’s brand operates about 800 Macy’s department stores and furniture galleries in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com. The Bloomingdale’s brand includes 37 department stores and home stores in 11 states, bloomingdales.com, seven Bloomingdale’s Outlet stores in five states, and a licensed store in Dubai. Macy’s, Inc.’s diverse workforce includes approximately 171,000 employees. Prior to June 1, 2007, Macy’s, Inc. was known as Federated Department Stores, Inc. The company’s shares are traded under the symbol “M” on the New York Stock Exchange.

Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following segments: Core Commerce; Cloud Computing; Digital Media and Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale. The Cloud Computing segment consists of Alibaba Cloud, which offers elastic computing, database, storage and content delivery network, large scale computing, security, management and application, big data analytics, a machine learning platform, and other services provide for enterprises of different sizes across various industries. The Digital Media and Entertainment segment relates to the Youko Tudou and UC Browser business. The Innovation Initiatives and Others segment includes businesses such as AutoNavi, DingTalk, Tmall Genie, and others. The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in Hangzhou, China.

Bass Pro Group LLC supplies outdoor recreational products. It is a supplier of outdoor gear for enthusiasts of fishing, hunting, camping and golfing. The firm also manufactures and sells recreational boats and related marine products under the brand names Tracker, Mako, Tahoe and Nitro. The company was founded in 1972 by John L. Morris and is headquartered in Springfield, MO.

Key Stats and Financials As of 2018
Market Capitalization
$23.5B
Total Enterprise Value
Earnings Per Share
Revenue
$10.5B
EBITDA
$2.14B
Investments
Details Hidden

GrandVision Europe BV owns and operates optical retail stores. The firm operates master and individual franchises, as well as joint ventures in other countries. It offers a range of services provided by its vision experts, prescription glasses including frames and lenses, contact lenses and contact lens care products, and sunglasses both plain and with prescription lenses. The company was founded in 1996 and is headquartered at Schiphol, in the Netherlands.

Investors
Details Hidden

Managing Partner at Lucky Stars Partners LLC

Suppliers
CBL & Associates Properties Inc. Accounting & Financial Services | Chattanooga, TN

CBL & Associates Properties, Inc. is a real estate investment trust, which owns and operates retail properties. The firm engages in owning, developing, acquiring, leasing, managing and operating regional shopping malls, open-air centers, community centers and office properties. It operates through Malls and All Other segments. Its properties include Malls, Associated Centers, Community Centers, Office Buildings, Construction Properties and Mortgages. The company was founded on July 13, 1993 and is headquartered in Chattanooga, TN.

Sears Holdings Corporation Retail: Discount | Hoffman Estates , IL

The North Country alliance is a private-public consortium of economic development organizations, private businesses, utilities, public and private colleges, the media and financial institutions working to grow the economy of New York’s seven-county North Country region. Its role is to offer a single point of access to the resources you need to expand or locate your business in northern New York.

Tapestry, Inc. Luxury & Specialty Goods | NEW YORK, NY

Coach was founded in 1941 as a family-run workshop. In a Manhattan loft, six artisans handcrafted a collection of leather goods using skills handed down from generation to generation. Discerning consumers soon began to seek out the quality and unique nature of Coach craftsmanship. Now greatly expanded, Coach continues to maintain the highest standards for materials and workmanship. Coach’s exceptional work force remains committed to carefully upholding the principles of quality and integrity that define the company. We attribute the prominence of the Coach brand to the unique combination of our original American attitude and design, our heritage of fine leather goods and custom fabrics, our superior product quality and durability and our commitment to customer service. During the last decade, Coach has emerged as America's preeminent designer, producer, and marketer of fine accessories and gifts for women and men including handbags, men’s bags, women’s and men’s small leathergoods, weekend and travel accessories, footwear, watches, outerwear, scarves, sunwear, fragrance, fine jewelry and related accessories. Continued development of new categories has further established the signature style and distinctive identity of the Coach brand. Together with our licensing partners, we also offer watches, footwear, eyewear and fragrance bearing the Coach brand name in select department stores and specialty retailer locations.

Awards & Honors
Rank #51
2014
Forbes - World's 100 Most Innovative Companies
Sponsored by Forbes Magazine
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