Armani becomes significant Luxottica shareholder
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.
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