Saturday, March 1, 2014
Luxottica Re-Licenses Brands and Shops for New Ones
"Ray Ban sunglasses maker Luxottica expects to sign a new eyewear licence worth at least $100 million in sales starting next year, its chief executive said on Friday." That's the word from a Reuter's post. "[Andrea] Guerra [Luxottica's CEO] told Reuters on Thursday the group expects to make at least 160 million euros from the Armani licence in 2014. Asked about possible acquisitions by an attendee at the investor day, Guerra said: 'We are pretty confident that our combination of organic growth and acquisitions will continue.' The company bought U.S. online optical showroom glasses.com earlier this year. An analyst suggested it might now be looking to acquire Hawaii-based sunglasses maker Maui Jim or Danish eyewear manufacturer Lindberg." Read more.