Company profile

Future of Luxottica Group

#
Rank
732
| Quantumrun Silicon Valley 100

Luxottica Group S.p.A. is an Italian eyewear company. Based in Milan, Italy, it is the biggest eyewear company in the globe. As a vertically integrated company, Luxottica produces, retails, designs, and distributes its eyewear brands, including Apex by Sunglass, HutApex by Sunglass Hut, Sears Optical, Eyemed vision care plan, LensCrafters, Sunglass Hut, Pearle Vision, Target Optical, and Glasses.com. Its popular brands are Persol, Oakley, and Ray-Ban. Luxottica also manufactures sunglasses and prescription frames for designer brands such as Prada, Burberry, Dolce and Gabbana, DKNY, Chanel, Giorgio Armani, Versace, Miu Miu, and Tory Burch. In January 2017 it declared a merger with Essilor to be concluded by mid-2017, resulting in combined market capitalization.

Home Country:
Sector:
Industry:
Specialty Stores
Founded:
1973
Global employee count:
82282
Domestic employee count:
Number of domestic locations:

Financial Health

Revenue:
$9085707000 EUR
3y average revenue:
$8524867333 EUR
Operating expenses:
$4587176000 EUR
3y average expenses:
$4377301000 EUR
Funds in reserve:
$22792000 EUR
Revenue from country
0.59
Revenue from country
0.19

Asset Performance

  1. Product/Service/Dept. name
    Sales of products
    Product/Service revenue
    8263373000
  2. Product/Service/Dept. name
    Vison care business
    Product/Service revenue
    664641000
  3. Product/Service/Dept. name
    Eye-exam and related professional fees
    Product/Service revenue
    113017000

Innovation assets and Pipeline

Total patents held:
4

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the industrials sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, advances in nanotech and material sciences will result in a range of materials that are stronger, lighter, heat and impact resistant, shapeshifting, among other exotic properties. These new materials will enable significantly novel design and engineering possibilities that will impact the manufacture of a vast swath of current and future products.
*The shrinking cost and increasing functionality of advanced manufacturing robotics will lead to further automation of factory assembly lines, thereby improving manufacturing quality and costs.
*3D printing (additive manufacturing) will increasingly work in tandem with future automated manufacturing plants drive down the costs of production even further by the early 2030s.
*As augmented reality headsets become popularized by the late 2020s, consumers will begin replacing select types of physical goods with cheap-to-free digital goods, thereby reducing general consumption levels and revenue, per consumer.
*Among millennials and Gen Zs, the growing cultural trend towards less consumerism, towards investing money into experiences over physical goods, will also lead to a minor reduction in general consumption levels and revenue, per consumer. However, a growing global population and the increasingly wealthy African and Asian nations will make up for this revenue shortfall.

COMPANY’S FUTURE PROSPECTS

Company Headlines