Glossary

Luxottica refers to an Italian giant eyewear maker. Luxottica Group S.p.A. and its subsidiaries design, manufacture, and distribute fashion, luxury, and sports eyewear worldwide. It o perates in two segments: Manufacturing and Wholesale Distribution, and Retail Distribution. The Manufacturing and Wholesale Distribution designs, manufactures, distributes, and markets house and designer lines prescription frames and Sunglasses. It offers performance optics products, including sunglasses, prescription eyewear, goggles, and electronically-enabled eyewear, as well as apparel, footwear, watches, and accessories. This segment offers its products under various brands, including house brands, such as Ray-Ban, Oakley, Persol, Oliver Peoples, Vogue Eyewear, Arnette, Revo, Luxottica, Sferoflex, Killer Loop, Mosley Tribes, and Eye Safety Systems; and designer lines, such as Chanel, Prada, Miu Miu, Dolce & Gabbana, D&G, Bvlgari, Tiffany & Co., Versace, Versus, Salvatore Ferragamo, Burberry, Polo Ralph Lauren, Donna Karan, DKNY, Brooks Brothers, Paul Smith Spectacles, and Anne Klein. It serves retailers of mid- and premium-priced eyewear, such as independent opticians, optical and sunglass chains, optical superstores, sunglass specialty stores, sporting goods and specialty sports stores, and duty-free shops, as well as optometrists and ophthalmologists, health maintenance organizations, and department stores. The Retail Distribution segment operates optical and sun glass stores under the LensCrafters, Sunglass Hut, Pearle Vision, ILORI, The Optical Shop of Aspen, OPSM, Laubman & Pank, Budget Eyewear, Bright Eyes, Oakley ? Stores, and Vaults and David Clulow names, as well as licensed brands, such as the Sears Optical and Target Optical.

As of March 31, 2009, Luxottica operated 5,649 corporate store locations and 547 franchised or licensed locations. Luxottica Group was founded in 1961 and is headquartered in Milan, Italy.

Summary

Luxottica is a major player in the fashion industry, particularly in the eyewear sector. As the world's largest eyewear company, Luxottica owns a vast portfolio of brands including Ray-Ban, Oakley, and Persol. The company also produces eyewear for luxury and designer labels such as Chanel, Prada, and Versace. With its dominant market position and strong brand recognition, Luxottica has solidified its presence in the fashion world, setting trends and influencing Consumer preferences.

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