The board of Italy's Luxottica will discuss on Sept. 1 the future of Chief Executive Andrea Guerra, who is expected to leave the world's biggest luxury eyewear maker following disagreement with owner Leonardo Del Vecchio.The group said in a statement on Monday the board would discuss management structure and Guerra's position. The meeting will be followed by a conference call for analysts and investors, Luxottica said. Three sources close to the matter told Reuters last week that Guerra, one of Italy's most-respected executives, was set to leave after clashing with Luxottica's founder and Chairman Del Vecchio. Read more.
Just last week, the company reportedly will close 50 Sears Optical shops. Read more.