Decent quarterly results for Luxottica

Decent quarterly results for Luxottica

Italian glasses manufacturer Luxottica has performed well in its first quarter of 2015. The company, which owns brands like Ray-Ban and Oakley, had increases sales, mainly thanks to the United States.

Michael Kors glasses launched

Turnover grew an astonishing 20 % to 2.21 billion euro in its first quarter, mainly thanks to the weak euro compared to the dollar: excluding exchange rate fluctuations, turnover grew 5.3 %. More than half of Luxottica's turnover comes from North America, which now has a beneficial effect on its turnover. Not only did its turnover grow, its net profit also grew a lot, up 34 % to 210 million euro.

 

North American turnover grew 29 %, mainly thanks to the launch of a new collection of sunglasses from the well-known fashion brand Michael Kors.

Questions or comments? Please feel free to contact the editors


Small Belgian brewery conquers Brazil thanks to playing cards

13/09/2017

Het Nest, a small brewery from Turnhout, will get its beers brewed in Brazil as well. It has struck a deal with Cervejaria Premium Paulista, which will brew and distribute the beers locally.

Price cuts drive 25 % more customers to Whole Foods

12/09/2017

Supermarket chain Whole Foods welcomed an additional 25 % of customers in the first few days following Amazon’s price cuts.

Ter Beke enters British food service industry

12/09/2017

Belgian food group Ter Beke has acquired a 90 % stake in British competitor KK Fine Foods for an undisclosed fee. The current shareholders hold onto the other 10 %.

Godiva wants to conquer the world through supermarkets

12/09/2017

Belgian praline brand Godiva will soon sell its chocolate in supermarkets all over the world after signing a deal with chains like Albert Heijn and Sainsbury’s. Previously, it sold nearly all its chocolate through its own store network.

Insight: Xavier Piesvaux' seven labours at Delhaize

10/09/2017

Can one French and several Dutch managers do what the Belgian management failed to do these past few years at Delhaize Belgium? Its new CEO will face plenty of challenges: we count at least seven.

Nestlé USA acquires food manufacturer Sweet Earth

08/09/2017

Nestlé USA has acquired American Sweet Earth for an undisclosed fee. The company mainly manufactures meat replacements, a rapidly-growing market, but also several frozen meals.

Back to top