LensCrafters 2010 Annual Report Download - page 54
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ANNUAL REPORT 2010> 52 |
and 2009, to the opening of new stores, the remodeling of older ones whose leases were extended during the year, and
to projects for upgrading the management information system.
The intangible assets of Euro 4,045.4 million reported in the financial statements primarily reflect the Group’s investment
in goodwill and trademarks as a result of acquisitions over the years.
Amortization recognized in the statement of consolidated income came to Euro 322.1 million in 2010 as compared to
Euro 285.4 million in 2009.
5. HUMAN RESOURCES
GROUP HEAD COUNT
The Group had 61,979 employees as of December 31, 2010, of whom 67.1 percent were in Retail, 8.8 percent were
in Wholesale and 23.8 percent were in Operations. The Milan headquarters employs 0.3 percent of the Group’s total
workforce.
In terms of the geographical distribution of employees, North America has 62.0 percent of the total workforce, Europe
15.5 percent, Asia–Pacific 21.1 percent and the rest of the world 1.4 percent.
Operating segment Headcount
Retail distribution 41,572
Wholesale distribution 5,459
Operations 14,735
Milan Headquarters 213
Total 61,979
Geographical area Headcount
Europe 9,600
North America 38,399
Asia–Pacific 13,102
ROW 878
Total 61,979
ROW includes Russia, Middle East, South Africa and Latin America.
ORGANIZATIONAL DEVELOPMENT
Wholesale
In 2010 our wholesale commercial management operation was reorganized along regional lines to respond to varying
needs in the different geographic areas and ensure faster decision–making. After successfully completing the integration
of the Luxottica and Oakley local operations in the United Kingdom and South Africa, a project was started in the second
half of 2010 to create a single commercial organization for the two businesses in Australia and Brazil. We expect to
complete these integrations during the first quarter of 2011.