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Buoyed by Record Profits, Luxottica Plans Continued Growth

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Company’s goal is $16 billion annual sales by 2025.

The world’s largest eyewear company is going to get a lot bigger. Buoyed by record profitability in 2014 –- up 11 percent to $768 million –- Italian eyewear giant Luxottica says it expects to double sales to more than $16 billion in the next ten years. “The industry is young and there are still many opportunities for organic and external growth ahead,” said co-CEOs Massimo Vian and Adil Mehboob-Khan, noting that “We expect solid revenue growth and profitability to grow twice that of sales.”

Read more at Business of Fashion |
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