American City Business Journals • yesterday
Accessories maker Oakley, which is known for its sunglasses and sports goggles, plans to reduce 15 to 20 percent of its staff in Foothill Ranch. The job cuts are a result of some key operations being consolidated into its parent company Luxottica Group, reported the Orange County Register . Italy-based Luxottica (LUX) plans to move Oakley’s retail operation to its offices Mason, Ohio, by the end of the year, while wholesale operations will go to the group’s New York office and the Milan office will be in charge of marketing.
Reuters • 4 days ago
Italian eyewear group Luxottica cut its full-year outlook on Monday, blaming uncertain markets, after first-half adjusted operating profit fell 2.5 percent hit by weakness in North America, its biggest market. With global security threats clouding the outlook for tourism and consumer spending, Luxottica Chief Financial Officer Stefano Grassi said it was too early to say whether group forecasts for the next two years still stood. In a widely expected move, the maker of Ray Ban sunglasses said it now saw sales rising 2-3 percent at constant currencies this year - down from a previous 5-6 percent forecast.
Reuters • 4 days ago
Italian eyewear group Luxottica cut its full-year outlook on Monday after reporting a 2.5 percent drop in adjusted operating profit in the first half due to weakness in its biggest market North America and poor weather. The maker of Ray Ban sunglasses said adjusted earnings before interest and tax (EBIT) came in at 857 million euros in the six months through June, above an average forecast of 845 million euros ($928 million) in a consensus of six analysts compiled by Reuters. Adjusted revenues totalled 4.72 billion euros, just ahead of a 4.73 billion euro forecast and down 0.7 percent from a year earlier.
U.S.News & World Report • 21 days ago
How or whether these seven goats will impact Wall Street remains to be seen. Wall Street has always been an upside down place. China's GDP weighs $10.3 trillion -- second to the U.S. at $17 trillion -- and represents about 17 percent of the world's economy.
Reuters • 2 months ago
Luxottica Group Spa , the maker of Ray-Ban sunglasses, has sued BCBG Max Azria Group LLC, accusing the fashion house of knowingly infringing its famous Wayfarer trademark. The complaint, filed on Wednesday ...
Investopedia • 3 months ago
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Luxottica Group SpANYSE
After hours: 48.17-0.40 (-0.83%) as of 5:16 PM EDT
|Bid||48.56 x 100|
|Ask||48.63 x 100|
|52wk Range||46.67 - 74.00|
|Day's Range||47.85 - 48.67|
|Avg Vol (3m)||65,448|
As of 4:05 PM EDT. Market closed.