- American City Business Journals•3 days ago
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•6 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.
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)||65,806|
As of 4:05 PM EDT. Market closed.