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Luxottica Group S.p.A. (LUX)


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Luxottica Group S.p.A.

Piazzale L. Cadorna, 3
Milan, MI 20123
Italy
39 02 863 341
http://www.luxottica.com

SectorServices
IndustryApparel Stores
Full Time Employees82,282

Key Executives

NameTitlePayExercisedAge
Dr. Leonardo Del VecchioFounder, Exec. Chairman, Chief Exec. Officer and Exec. Pres1.2MN/A82
Mr. Luigi FrancavillaDeputy Chairman, Chairman of Luxottica SRL and Managing Director of Luxottica SRLN/AN/A80
Mr. Massimo VianChief Exec. Officer of Product & Operations and Director2.5MN/A44
Mr. Stefano GrassiChief Financial OfficerN/AN/A43
Mr. Giorgio StrianoChief Operating OfficerN/AN/A46
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Luxottica Group S.p.A., together with its subsidiaries, provides fashion, luxury, sports, and performance eyewear worldwide. It operates through two segments, Manufacturing and Wholesale Distribution, and Retail Distribution. The Manufacturing and Wholesale Distribution segment engages in the design, manufacture, wholesale distribution, and marketing of proprietary and designer lines of prescription frames and sunglasses, as well as performance optics products. This segment offers its products under proprietary brands, such as Ray-Ban, Oakley, Vogue Eyewear, Persol, Oliver Peoples, Alain Mikli, and Arnette; and licensed brands, including Giorgio Armani, Emporio Armani, Armani Exchange, Brooks Brothers, Burberry, Bulgari, Chanel, Coach, Dolce & Gabbana, DKNY, Michael Kors, Paul Smith Spectacles, Prada, Miu Miu, Ralph Lauren, Polo Ralph Lauren, Ralph, Starck Eyes, Tiffany & Co, Tory Burch, Valentino, and Versace. The Retail Distribution segment operates prescription eyewear stores primarily under its retail brands, including LensCrafters, Sunglass Hut, OPSM, Laubman & Pank, Oakley ‘O’ Stores, David Clulow, GMO, Pearle Vision, and EyeMed Vision Care; and licensed brands, such as Sears Optical and Target Optical. As of December 31, 2016, it owned and operated 7,158 retail locations and franchised an additional 819 locations. The company was founded in 1961 and is headquartered in Milan, Italy. Luxottica Group S.p.A. is a subsidiary of Delfin S.à r.l.

Corporate Governance

Luxottica Group S.p.A.’s ISS Governance QualityScore as of May 1, 2017 is 6. The pillar scores are Audit: 1; Board: 3; Shareholder Rights: 1; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.