LensCrafters 2013 Annual Report Download - page 168
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Footnotes to the statutory financial statements as of December 31, 2013 Page 1 of 71
Luxottica Group S.p.A.
Registered office in Via Cantù 2
20123 Milan (Italy)
Capital stock Euro 28,653,640.38
authorized and issued
FOOTNOTES TO THE STATUTORY
FINANCIAL STATEMENTS
AS OF DECEMBER 31, 2013
GENERAL INFORMATION
Luxottica Group S.p.A. (the "Company") is a corporation listed on the Italian Stock Exchange and on the New York
Stock Exchange, with its registered office located at Via C. Cantù 2, Milan (Italy).
The Company is organized under the laws of the Republic of Italy, has been incorporated with an indefinite term and
is controlled by Delfin S.à.r.l., a Luxembourg-registered company.
During the period, the Company carried on its business of marketing prescription frames, sunglasses and eyewear and
related products, through assuming and holding investments in other companies, as well as its activity of coordinating
the Group's companies and managing its brands.
It is recalled that Luxottica Group S.p.A. has been the owner of the Ray-Ban, Arnette, Persol, Vogue, Killer Loop,
Sferoflex and Luxottica brands since June 2007.
Luxottica Group S.p.A. and its subsidiaries (the "Group" or the "Luxottica Group") operate in two industry segments,
from which the Group derives its revenue: (1) manufacturing and wholesale distribution and (2) retail distribution.
Through its manufacturing and wholesale distribution operations, the Group is world leader in the design,
manufacturing and distribution of house brand and designer lines of mid to premium-priced prescription frames and
sunglasses, and of sports eyewear, with a product range that stretches from high-end sunglasses, to sports masks and
prescription frames.
The business lease between Luxottica Group S.p.A. and Luxottica S.r.l. ceased with effect from January 1, 2013 and
has been replaced with a property lease for warehouses on the Sedico site. Since this date, Luxottica Group S.p.A. has
therefore become responsible for the packaging of all products originating from the Italian factories, thereby fully
carrying through the "CTS" project to centralize the packaging process through dedicated production lines and to
allow products to be customized.