Armani becomes significant Luxottica shareholder

By

Edoardo Meliado

Translated by
Nicola Mira

Published
Jul 24, 2017

Italian eyewear giant Luxottica has announced that Giorgio Armani has become one of its significant shareholders. In a communique, Luxottica listed all those who hold, whether directly or indirectly, a stake of at least 3% in the group. Among them, Giorgio Armani, with a 4.64% stake in Luxottica's capital, held directly.

The majority of Luxottica shares, equivalent to 62.45% of the capital, is still held by Delfin S.a.r.l., a company controlled by Luxottica's Board Chairman Leonardo Del Vecchio.

Luxottica is a world leader in the production and distribution of eyeglasses and sunglasses, and in 2016 it reached a revenue of €9.086 billion, of which 39% generated via the wholesale channel and 61% via retail.  Its global distribution network reaches over 150 countries and approximately 8,000 stores. Luxottica's brand portfolio includes leading labels such as Ray-Ban, Oakley and Persol (all three owned by Luxottica itself) and licenses for Giorgio Armani, Burberry, Bulgari, Chanel, Dolce&Gabbana, Michael Kors, Prada, Tiffany & Co., Versace and Valentino.