Luxottica posts 15% growth full year 2014
World’s largest luxury eye-wear maker Luxottica reports adjusted 3,5 net sales up by 6.7% at constant exchange rates (reported net sales +6.1% at constant exchange rates2) and up by 5.3% at current exchange rates in 2014. The company’s wholesale division’s net sales up were by 8.6% at constant exchange rates and up by 6.8% at current exchange rates
Retail Division’s comparable store sales up by 4%.
The board of the company appointed Adil Mehboob-Khan as CEO for Markets and Massimo Vian as CEO for Product & Operations.
The appointment of Adil Mehboob-Khan and Massimo Vian, entrusting them with all executive responsibilities, marks the completion, according to plan, of the Group’s organizational change process aimed at providing it with governance that is better aligned to the global competitive landscape and able to fully grasp all growth opportunities. It also aligns the Group’s organizational model with its strategic vision.
The new leadership is highly focused on specific areas of expertise that will promote decisional speed and operating effectiveness, leading to accelerated revenue and profitability growth over the long term.