LensCrafters 2015 Annual Report Download - page 95

Notes to the consolidated financial statement as of December 31, 2015 Page 1 di 68
Luxottica Group S.p.A.
Headquarter and registered office: Piazzale Luigi Cadorna, 3 – 20123 Milan, Italy
Capital Stock € 29,019,199.98
Authorized and issued
NOTES TO THE
CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015
GENERAL INFORMATION
Luxottica Group S.p.A. (the “Company”) is a corporation with a registered office in Milan, Italy, at Piazzale L. Cadorna 3.
The Company and its subsidiaries (collectively, the “Group”) operate in two 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 proprietary brands 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, 2015, the Company owned and operated 6,589 retail locations worldwide and
franchised an additional 676 locations principally through its subsidiaries Luxottica Retail North America, Inc., Sunglass Hut
Trading, LLC, OPSM Group Limited, Oakley Inc. (“Oakley”) and Multiópticas Internacional S.L.
Through 2014, the retail division’s fiscal year was a 52- or 53-week period ending on the Saturday nearest December 31. In
2015, the retail distribution segment subsidiaries of the Group that did not previously report on a calendar-year basis modified
their respective reporting calendars in order to align with those of the Company and other subsidiaries in the consolidated
Group that report on a calendar-year basis. Had certain retail subsidiaries of the Group continued to use a 52/53-week calendar
in 2015, there would not have been a material impact on the consolidated results of the Group.
The Company is controlled by Delfin S.à r.l., a company subject to Luxembourg law.