LensCrafters 2007 Annual Report Download - page 11

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> 10 | ANNUAL REPORT 2007
MILESTONES IN LUXOTTICA GROUP’S HISTORY
1961 Starts out as a manufacturer of optical frames.
1990 Listing on the New York Stock Exchange (NYSE).
1995 Acquisition of LensCrafters, a leading premium optical retail brand in North America.
1999 Acquisition of the eyewear division of Bausch & Lomb, comprising such brands as Ray-Ban,
Revo, Arnette and Killer Loop.
2000 Listing on the Italian Stock Exchange (MTA).
2001 Acquisition of Sunglass Hut, the world’s leading premium specialty sun retailer.
2003 Acquisition of OPSM Group, the leading optical store chain operator in Asia-Pacific.
2004 Acquisition of Cole National, the second-largest optical store chain operator in North
America, with retail brands including Pearle Vision, Sears Optical and Target Optical.
2005 Entry into the Chinese optical retail market through the acquisition of two retail chains. The
Group becomes a leading player in China’s premium optical market segment, with stores
in Beijing, Guangdong and Hong Kong.
2006 Expands distribution in North America and China through acquisitions in Canada, the
Midwest United States and Shanghai. Enters into an agreement to open Sunglass Hut
stores in the Middle East. In September, the first LensCrafters store in Beijing opens.
2007 Acquisition of Oakley, the performance eyewear company, giving rise to the new Luxottica
Group. This acquisition provides the Group with exceptional potential, due to not only the
force and name recognition of the Oakley brand, but, in addition, Oakley brings with it a
portfolio of seven brands and four distribution chains.