Luxottica Group S.p.A. ADRLUX

Morningstar Rating

Stock Research and Analysis

by Zoe Tan

Luxottica is the dominant force in the global eyewear market. In addition to being the world's largest manufacturer of sunglasses and prescription eyewear, the Italian firm is also the largest eyewear retailer through its Sunglass Hut, LensCrafters, Read more

Bulls Say

Luxottica is the largest eyewear manufacturer and retailer in the world. It boasts of 5,600 corporate-owned retail locations worldwide as well as 143 wholesale distributors in more than 130 countries.

Luxottica is the largest optical retailer in North America, with about 4,800 Sunglass Hut, LensCrafters, Pearle Vision, Sears Optical, and Target Optical locations in the U.S. and Canada.

Global distribution and a large retail store base have helped Luxottica maintain its industry dominance.

Ray-Ban sells roughly 10 million pairs of sunglasses annually, making it the most popular eyewear brand in the world.

Luxottica partners with many of the world's most exclusive labels, including Prada, Versace, and Dolce & Gabbana, and can charge premium prices for its eyewear. Read more

Bears Say

As laser eye surgery and contact lenses become more popular, demand for prescription eyewear could fall.

Luxury trends can change quickly, and a fashion miscue by Luxottica could damage its competitive position.

As a global marketer, Luxottica has exposure to local economic and political conditions, import restrictions, and currency exchange rate fluctuations.

Luxottica is heavily dependent on designer labels to market its eyewear. A loss of contract could negatively affect results. Read more

Strategy

Luxottica is focused on expanding its retail business globally through acquisitions. During the last several years, the company has acquired optical chains in China, Australia, New Zealand, and Canada. Read more

Management

Luxottica is effectively controlled by chairman Leonardo Del Vecchio, who founded the firm in 1961 and owns 68% of the company's shares. Andrea Guerra has served as Luxottica's CEO since 2004. We like that the roles of CEO and chairman are split, as Read more

Profile

Luxottica designs, manufactures, and distributes mid- to premium-price prescription eyewear frames and sunglasses. The company markets its own brands, including Ray-Ban Read more

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