Luxottica reports 19 percent increase in net profit for 2012
Italian based eyewear giant Luxottica which licenses over 20 major luxury brands and owns Ray-Ban and Oakley has reported a 19,8 percent growth in its net profit for 2012 to 542 million euros. Luxottica’s turnover in 2012 increased by 13,9% to 7,08 billion euros in 2012 compared to 2011, with analysts estimating that Luxottica’s license agreement with Armani alone represents 200 million euros of the total turnover. Europe has been the best performing market for Luxottica in 2012, with an increase in saes of 26% followed by major emerging markets with 19% growth. This year, Luxottica launches the eyewear line of Stella McCartney and a new high luxury line of the Persol brand.
Luxottica licenses the eyewear products of Chanel, Bvlgari, Prada, Ralph Lauren, Burberry, Dolce Gabbana, Versace, Paul Smith.