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Luxottica sees room for fast growth in China

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Staff writer | Monday June 23, 2014 9:27AM ET
LuxotticaChina is playing a big role in the business plan of Luxottica. The company has four primary production and design hubs in China, which it sees as playing a key role this decade.

Company officials say China not only meets their manufacturing needs but can also provide services such as high quality research and development.

"The four production centers are all based around Dongguan, in Guangdong province: two large plants and two smaller ones, for our lenses, frames and R&D," said Andrea Guerra, CEO of Luxottica.

"China today offers a highly fertile terrain for creativity and research. In China, our company also has a large distribution center and a service center which plays an important role in support, while our headquarters is in Shanghai, which oversees brand and retail management."

The company, which employs 73,400 people worldwide, was founded in 1961 by Leonardo Del Vecchio, a Milanese engraver, in Agordo, a town in the foothills of the Dolomites.

The company has a strong portfolio, controlling about 40 high-profile brands. Since the 1990s, major fashion houses have turned to Luxottica to design, create and market their own eyewear. These brands include Bulgari, Chanel, Dolce&Gabbana, Giorgio Armani, Prada, Paul Smith, Stella McCartney and Versace.

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