LensCrafters 2014 Annual Report Download - page 12

2.1
The Company’s total net sales amounted to over Euro
7.6 billion, net income was Euro 642.6 million and
headcount as of year-end was 77,734 employees.
Founded in 1961 by Leonardo Del Vecchio, Luxottica
is a vertically integrated organization whose
manufacturing of sun and prescription eyewear is
backed by a wide-reaching wholesale organization
and a retail network located mostly in North America,
Latin America and Asia-Pacific.
Product design, development and manufacturing
take place in Luxottica’s six production facilities in
Italy, three factories in China, one in Brazil and one
facility in the United States devoted to sports and
performance eyewear. Luxottica also has a small plant
in India serving the local market. In 2014, the Group’s
worldwide production reached approximately 83
million units.
The design and quality of Luxottica’s products and
strong well-balanced brand portfolio are recognized
throughout the world. Proprietary brands include Ray-
Ban, one of the world’s best-known eyewear brands,
Oakley, Vogue Eyewear, Persol, Oliver Peoples, Alain
Mikli and Arnette. Licensed brands include Giorgio
Armani, Burberry, Bvlgari, Chanel, Coach, Dolce &
Gabbana, DKNY, Michael Kors, Paul Smith, Ralph
Lauren, Prada, Starck Eyes, Tiffany, Tory Burch and
Versace.
The Group’s wholesale distribution network covers
more than 130 countries across five continents and has
approximately 50 commercial subsidiaries providing
direct operations in key markets.
Direct wholesale operations are complemented
by an extensive retail network comprised of over
7,000 stores worldwide as of December 31, 2014.
Luxottica is a leader in the prescription business in
North America with its LensCrafters and Pearle Vision
retail brands, in Australia and New Zealand with the
OPSM and Laubman & Pank brands, in China with
the LensCrafters brand and in Latin America with
the GMO brand. In North America, Luxottica also
operates its licensed retail brands Sears Optical and
Target Optical. Additionally, Luxottica operates one
of the largest managed vision care networks in the
United States through EyeMed and the second largest
lens finishing network, with three central laboratories,
over 900 on-site labs at LensCrafters stores, a fully
dedicated Oakley lab and an additional facility based
in China dedicated to North American optical retail.
Luxottica has a global retail organization to support its
sun and luxury retail brands including Sunglass Hut,
ILORI and The Optical Shop of Aspen. The Sunglass
Hut brand, in particular, has a global presence with
stores in North America, Latin America, Asia-Pacific,
South Africa, Europe and the Middle East.
The Oakley brand provides a powerful wholesale and
retail (“O” stores) presence in both the performance
optics and the sport channels. In its “O” store locations
the Group offers Oakley eyewear styles in addition to
a variety of Oakley-branded products such as apparel,
footwear, backpacks and accessories designed for
athletic lifestyles (e.g. surf, snow, golf, outdoor, motor
sport, mountain biking).
Luxottica’s distribution channels are complemented
by an e-commerce component, including the Oakley,
Ray-Ban and Sunglass Hut websites.
Luxottica Group is a market leader in the design, manufacture and distribution
of fashion, luxury, sports and performance eyewear. Luxottica’s 2014 financial
performance confirms the Company’s ability to continuously pursue growth
while making key strategic and organizational decisions in a timely manner.
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2014 ANNUAL REVIEW
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