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Emerging markets drive sales for LUXOTTICA
News 25 January 2012
Italian based luxury eyewear maker Luxottica SpA said Tuesday that fourth-quarter sales grew 12% on strong demand from emerging markets, solid U.S. consumer confidence, a sharp rebound in Australia, and said this year was off to a strong start.
The Italian eyewear maker said net sales rose to €1.51 billion ($1.97 billion) in the last three months of the year from €1.35 billion a year earlier.
This year is off to a strong start, buoyed by the launch of the Coach Inc. collection, a new brand for Luxottica, which has been well received by customers so far, said Luxottica Chief Executive Andrea Guerra.
Luxottica owns worldwide eyewear retailer Sunglass Hut and brands Ray Ban and Oakley, while it licenses the eyewear collections of: Chanel, Prada, Ferragamo, Ralph Lauren, Bvlgari, Versace.