LensCrafters 2011 Annual Report Download - page 182
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ANNUAL REPORT 2011> 106 |
Notes
Luxottica Group S.p.A. (henceforth, the “Company”) is a corporation with a registered
office in Milan, Italy, at Via C. Cantù 2.
The Company and its subsidiaries (collectively, the “Group”) operate in two industry
segments: (1) manufacturing and wholesale distribution; and (2) retail distribution.
Through its manufacturing and wholesale distribution operations, the Group is engaged
in the design, manufacturing, wholesale distribution and marketing of house brand and
designer lines of mid to premium-priced prescription frames and sunglasses, as well
as of performance optics products. Through its retail operations, as of December 31,
2011, the Company owned and operated approximately 6,511 retail locations worldwide
and franchised an additional 531 locations principally through its subsidiaries Luxottica
Retail North America, Inc., Sunglass Hut Trading, LLC, OPSM Group Limited, Oakley Inc.
(“Oakley”) and Multiopticas.
The retail division’s fiscal year is a 52- or 53-week period ending on the Saturday nearest
December 31. The accompanying consolidated financial statements include the operations
of the North America retail division for the 52-week periods for fiscal years 2011 and 2010.
The fiscal years for the retail distribution divisions in Asia-Pacific and South Africa included
a 52-week period for 2011 and 52-week period for 2010.
The Company is controlled by Delfin S.àr.l., a company subject to Luxembourg law.
These consolidated financial statements were authorized to be issued by the Board of
Directors of the Company at its meeting on February 28, 2012.
GENERAL
INFORMATION