Luxottica Group S.p.A., traded over the counter under the symbol LUXTY, is a leading global eyewear company headquartered in Milan, Italy. Founded in 1961 by Leonardo Del Vecchio, the firm has grown from a small frame manufacturer into a vertically integrated powerhouse spanning design, production, distribution and retail. In 2018, Luxottica announced a merger with French lens maker Essilor, culminating in the formation of EssilorLuxottica in 2019, which today stands as a major force in the optical industry.
The company’s core activities include the design and manufacturing of prescription frames and sunglasses under proprietary labels such as Ray-Ban, Persol and Oliver Peoples, as well as licensed brands including Chanel and Prada. Luxottica’s product portfolio also encompasses performance eyewear through its acquisition of Oakley in 2007. On the distribution side, the group operates an extensive network of retail chains—among them LensCrafters, Sunglass Hut and Pearle Vision—supplemented by e-commerce channels that serve both consumer and professional markets.
Luxottica maintains a broad geographic footprint, with operations spanning Europe, North America, Latin America and the Asia-Pacific region. Its vertically integrated model allows the company to control every stage of the value chain, from frame and lens production in its Italian and international facilities to point-of-sale experiences in its branded retail outlets. Leadership of the merged EssilorLuxottica group includes industry veteran Francesco Milleri as chief executive officer, continuing the legacy of innovation and market reach established by founder Leonardo Del Vecchio.
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