Luxottica Closes The Acquisition of a 40 Percent Participation In Multiopticas Internacional
2009年7月17日 - 2:14AM
PRニュース・ワイアー (英語)
MILAN, July 16 /PRNewswire-FirstCall/ -- Luxottica Group S.p.A.
(MTA: LUX; NYSE: LUX), a leader in the designing, manufacturing and
distribution of fashion, luxury and sports eyewear, announces the
closing today of its acquisition of a 40 percent participation in
Multiopticas Internacional S.L. - previously announced on May 27.
This transaction, which is worth approximately Euro 40 million,
marks Luxottica's entry into the retail business in South America,
a region with excellent growth potential and where the Group
already has a solid presence through its wholesale network. About
Luxottica Group S.p.A. Luxottica Group is a leader in premium
fashion, luxury and sports eyewear, with over 6,150 optical and sun
retail stores in North America, Asia-Pacific, China, South Africa
and Europe and a strong and well balanced brand portfolio.
Luxottica's key house brands include Ray-Ban, the best known sun
eyewear brand in the world, Oakley, Vogue, Persol, Oliver Peoples,
Arnette and REVO, while license brands include Bvlgari, Burberry,
Chanel, Dolce & Gabbana, Donna Karan, Polo Ralph Lauren, Prada,
Salvatore Ferragamo, Tiffany and Versace. In addition to a global
wholesale network covering 130 countries, the Group manages leading
retail brands such as LensCrafters and Pearle Vision in North
America, OPSM and Laubman & Pank in Australasia, LensCrafters
in Greater China and Sunglass Hut globally. The Group's products
are designed and manufactured in six Italy-based manufacturing
plants, two wholly-owned plants in China and a sports sunglass
production facility in the U.S. In 2008, Luxottica Group posted
consolidated net sales of euro 5.2 billion. Additional information
on the Group is available at http://www.luxottica.com/. About
Multiopticas Internacional S.L.. Multiopticas Internacional was
incorporated in Spain in 1987 and started that year its operations
in Portugal where it became over a period of ten years the leading
eyewear company in the country. In 1999 it started its operations
in South America, first in Chile, followed by Peru. In 1995 it
opened its business in Ecuador and a year later in Colombia. At the
present time, Opticas GMO is the market leader in all the markets
where it operates, with a market share of 25% in Chile, 30% in
Peru, 20% in Ecuador and 15% in Colombia. Finally GMO is the most
developed and better known optical company in South America. Safe
Harbor Statement Certain statements in this press release may
constitute "forward-looking statements" as defined in the Private
Securities Litigation Reform Act of 1995. Such statements involve
risks, uncertainties and other factors that could cause actual
results to differ materially from those which are anticipated. Such
risks and uncertainties include, but are not limited to, the
ability to manage the effect of the poor current global economic
conditions on our business, the ability to successfully acquire new
businesses and integrate their operations, the ability to predict
future economic conditions and changes in consumer preferences, the
ability to successfully introduce and market new products, the
ability to maintain an efficient distribution network, the ability
to achieve and manage growth, the ability to negotiate and maintain
favorable license arrangements, the availability of correction
alternatives to prescription eyeglasses, fluctuations in exchange
rates, as well as other political, economic and technological
factors and other risks and uncertainties described in our filings
with the U.S. Securities and Exchange Commission. These
forward-looking statements are made as of the date hereof, and we
do not assume any obligation to update them. DATASOURCE: Luxottica
Group S.p.A. CONTACT: Ivan Dompe, Group Director of Corporate
Communications, +39-(02)-8633-4726, ; or Luca Biondolillo, SVP of
International Corporate Communications, +1-516-918-3100, ; or
Alessandra Senici, Group Director of Investor Relations,
+39-(02)-8633-4718, Web Site: http://www.luxottica.com/
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