MILAN — Italian eyewear giant Luxottica SpA on Tuesday reported record sales of 7.3 billion euros, or $9.7 billion, for 2013, on the back of strong performances in emerging markets and in the North American wholesale channel, and said the beginning of 2014 was “very encouraging.”
In a statement released after the end of trading in Milan, the company said revenues grew 3.2 percent in the January-December 2013 period, helping it beat its previous annual sales record of 7.1 billion euros, or $9.2 billion, in 2012. Revenue growth at constant exchange rates would have been 7.5 percent, the company said.
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EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)