Tuesday, March 1, 2011

Luxottica Expands in Latin America. It's Still Growing

"Luxottica, the world's largest premium eyewear maker, is looking to buy small retail businesses in Latin America this year to offset slower growth in mature European markets, its chief executive told Reuters," according to a Reuters post. "The company behind Ray-ban eyewear and the Sunglass Hut chain has been ramping up investments in Latin America, one of the world's biggest markets for sunglasses, to strengthen its global reach."

The company "also reported a 34 percent rise in earnings per share for the year to EUR0.88.

Net income rose 34.5 percent to EUR402.2 million from EUR299.1 in fiscal 2009," says CompaniesandMarkets.

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