Investment will be spread over five years.

On the heels of a healthy financial report for the third quarter — sales were up 22.8 percent in North America, by far its biggest market — Luxottica has announced that it will spend more than $1 billion over the next five years to upgrade its store network, with special attention to the LensCrafters and Sunglass Hut chains as well as a move to "significantly increase" outlets for Oakley, which Luxottica bought in 2007.

Read more at Wall Street Journal | Reuters

 
SPONSORED VIDEO

Hear What the Industry Thinks About the Ultimate Lens Package by Essilor

Eye care professionals, patients, and Essilor sales consultants shared their feedback on the Ultimate Lens Package. Watch to see why they believe the innovation behind the lens can make the difference for your practice and for your patients. For more information on the Ultimate Lens Package, contact an Essilor Sales Consultant or click here.


INVISIONMAG ON INSTAGRAM

Promoted Headlines