Luxottica Group – Italian Eyewear Company

Luxottica Group is an Italian eyewear company that designs, manufactures, distributes, and retails sunglasses and prescription eyewear. It is the world’s largest eyewear company, with over 7,400 retail stores in over 150 countries. Luxottica’s brands include Ray-Ban, Oakley, Persol, Oliver Peoples, and Armani Exchange.

The company was founded in 1961 by Leonardo Del Vecchio in Agordo, Italy. Del Vecchio started the company with a single factory and a handful of employees. Over the years, Luxottica has grown into a global leader in the eyewear industry. The company has acquired a number of other brands, including Sunglass Hut, LensCrafters, and Target Optical.

Luxottica is a vertically integrated company, which means that it controls all aspects of the eyewear manufacturing process. The company has its own factories, where it designs and manufactures lenses, frames, and sunglasses. Luxottica also has its own distribution network, which allows it to quickly and efficiently get its products to retailers around the world.

Luxottica is a profitable company, with annual revenue of over €20 billion. The company is listed on the Milan Stock Exchange and is a member of the FTSE MIB index.

Here are some of the things that make Luxottica a successful company:

• Strong brand portfolio: Luxottica owns a number of well-known brands, including Ray-Ban, Oakley, Persol, Oliver Peoples, and Armani Exchange. These brands are popular with consumers around the world.
• Vertical integration: Luxottica is a vertically integrated company, which gives it control over all aspects of the eyewear manufacturing process. This allows the company to quickly and efficiently get its products to retailers around the world.
• Global reach: Luxottica has over 7,400 retail stores in over 150 countries. This gives the company a global reach and allows it to sell its products to consumers around the world.

Luxottica is a successful company with a strong brand portfolio, vertical integration, and global reach. These factors have helped the company to become the world’s largest eyewear company.