By  on March 13, 2009

Luxottica Group SpA reported Thursday that a sharp reduction in demand, compounded by a $20 million write-off, reduced fourth-quarter profits by 60 percent.

The Milan-based eyewear giant said it intends to reduce its global store count, currently over 6,250, by 2 to 3 percent during 2009.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus