Monday, June 18, 2012

LensCrafters Taking on China's Retail Eyewear Market

China Daily reports that "after the aggressive purchase of three Chinese optical companies for an estimated 600 million yuan ($95.24 million) since it came to China at the end of 2005, US-based LensCrafters is launching a new concept store under the name of LC+.The outlet will be the flagship store of the giant high-end retail chain owned by Luxottica Group S.p.A., the world's largest eyewear company, whose most famous brands include Ray-Ban, Persol and Oakley Inc. It also makes sunglasses and prescription frames for designer brands such as Chanel and Prada. Luxottica also produces sunglasses branded Burberry, Polo Ralph Lauren, Stella McCartney, Tiffany, Versace, Vogue, Miu Miu, Tory Burch and Donna Karan. Read more.

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