WMIDO - Milano Eyewear Show - February 4-5-6 - 2023
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FINANCE

Luxottica shows +5,2%

May 10 2017
Luxottica's first quarter revenues were up 5.2% as a result of the Group’s strong performance in Europe and Latin America, a favorable foreign exchange rate environment and the excellent performance of the Ray-Ban brand which confirmed its vitality driven by the success of its latest collections and new Ray- Ban stores in China and United States. In the first three months of 2017, the Group continued to strengthen its business model and invest in the following strategic priorities: organizational simplification; brand equity and sales quality; innovation; the development of central laboratories for the production of ophthalmic lenses in Europe, North America and China (which are completely integrated in terms of logistics and production infrastructure); digitization; and further evolving the Group’s global distribution platform. The Group also met certain conditions necessary for completing the transaction announced on January 16, 2017 with Essilor.
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