Luxottica Group | Company Overview & News (2024)

FAQs

What does the company Luxottica do? ›

Luxottica's two main product offerings are sunglasses and prescription frames. The company operates in two sectors: manufacturing & wholesale distribution, and retail distribution. The house brands include the following: Alain Mikli.

Luxottica Group SpA (Luxottica), a subsidiary of EssilorLuxottica SA is a designer, manufacturer and distributor of fashion, sports eyewear and luxury products. The company's product portfolio includes sunglasses, prescription frames, designer frames, advanced lens options and advanced eye care products.

We have a portfolio of more than 150 renowned brands.

Luxottica Group is the world's leading designer, manufacturer and distributor of prescription frames and sunglasses in the premium and luxury segments. Thanks to an extensive distribution network in both the retail business and in the wholesale Luxottica Group today is present in all major markets worldwide.

Mostly Luxottica.” Luxottica owns the insurance company EyeMed®, and retail chains like LensCrafters® and Pearle Vision® where they sell their own brands such as Ray Ban.

Created in 2018, EssilorLuxottica is the combination of two highly complementary and innovative companies, Essilor and Luxottica, which used their individual strengths to revolutionize the industry and explore the potential of eyecare and eyewear around the world.

Merger of Essilor and Luxottica

On a technical level, Essilor acquired Luxottica, though Luxottica founder and executive chairman Leonardo Del Vecchio became co-leader of the new conglomerate, which would change its name to contain both companies.

This statistic depicts the total number of stores of EssilorLuxottica in North America as of September 2023, by brand. EssilorLuxottica operated a total of 3,834 corporate stores in North America, 1,661 of which were of the brand Sunglasses Hut.

Over the course of six decades Leonardo Del Vecchio, an Italian entrepreneur who died in 2022, built Luxottica into the world's largest maker of spectacles and sunglasses.

Does Luxottica own Gucci? ›

Gucci is part of the global luxury group Kering, which manages the development of a series of renowned Houses in fashion, leather goods, jewelry, and eyewear. Discover more about Gucci at www.gucci.com.

The global eyeglasses industry was worth $105.56 billion in 2020, of which Luxottica controlled 80 percent. The company estimates that over half a billion people worldwide are currently wearing their glasses.

EssilorLuxottica orchestrates an industry-wide price-fixing conspiracy for eyeglasses through its exclusive contracts to sell and set prices for rival's products, a putative class action has alleged.

Their factories in Italy and China produce Ray-Ban's entire line of eyewear and Luxottica guarantees the quality of the products from its Chinese factories is in no way compromised; the glasses are made from the same materials, with the same machines.

Francesco Milleri serves as the CEO / President of Luxottica.

The Luxottica Group is the largest eyewear company in the world. As a leading name in the eyewear industry, Luxottica designs, manufactures, and distributes a wide array of eyewear brands.

The company told BleepingComputer that the leaked data stemmed from a security incident at a third-party vendor. However, the company did say it became aware of the incident via a post on the now-defunct 'Breached' hacking forum where one user was attempting to sell the stolen database.

Ray-Ban is a brand of luxury sunglasses and eyeglasses created in 1936 by Bausch & Lomb. The brand is best known for its Wayfarer and Aviator lines of sunglasses. In 1999, Bausch & Lomb sold the brand to Italian eyewear conglomerate Luxottica Group for a reported $640 million.