Duty Free and Travel-Retail Division Boosts Luxottica Group Sales

The world’s largest premium eyewear company, Luxottica, seems to be scaling new heights with impressive turnover figures as the company posted 20% growth in sales in Q3 of 2010. Their folks suggested that this was owing to Duty Free and Travel Retail Sales. They have been working incessantly to set up Retail and Wholesale Divisions across locations and strengthen the brand.

The exact figures of net sales growth was 19.7% to €1.46bn i.e. $2bn in 3 month period ending September 30. The Executive VP Whole Paolo Alberti from Luxottica also conceded that travel-retail has proved to be the fastest-growing channel raking in considerable volume of sales for the company. Also, they are going to pump in more ideas and innovations in this segment to benefit from this lucrative channel.

Elite brands like Ray-Ban, Persol and Oakley are all part of the Luxottica group. The company is also known to make sunglasses and prescription frames for a fashion designer clientele which includes Chanel and Prada too.

Via: DFN

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