LensCrafters 2012 Annual Report Download - page 187

| 101 >CONSOLIDATED FINANCIAL STATEMENTS - NOTES
Luxottica Group S.p.A. (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, 2012, the Company owned and operated
6,417 retail locations worldwide and franchised an additional 543 locations principally
through its subsidiaries Luxottica Retail North America, Inc., Sunglass Hut Trading, LLC,
OPSM Group Limited, Oakley, Inc. (“Oakley”) and Multiopticas Internacional S.L.
In line with prior years, 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 all retail divisions for the 52-week periods for fiscal years 2012
and 2011. The use of a calendar fiscal year by these entities would not have had a material
impact on the consolidated financial statements.
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, 2013.
GENERAL
INFORMATION
Notes