ASIAN EXPANSION: Luxottica Group SpA said it will buy Chinese optical chain Xueliang Optical Technology Co. Ltd. for a purchase price of 169 million yuan, or $20.4 million at current exchange, plus 40 million yuan, or $4.8 million, in assumed liabilities. Luxottica, who had sales of $4.4 billion in 2004, said the acquisition will make the Italian company "one of the leading operators of premium optical stores" in China with a total of 149 units. Luxottica chairman Leonardo Del Vecchio said in a statement that the purchase "is a key strategic step for our group, as it strengthens our position in what is fast becoming one of the most important markets in the world for fashion and premium eyewear." Xueliang Optical posted unaudited sales for the most recent fiscal year of 102 million yuan, or $14.5 million, Luxottica said.

MARK ECKO PROMOTES ZINKIN: Effy Zinkin has been promoted to chief operating officer of Marc Ecko Enterprises, a new position. Zinkin reports to Seth Gerszberg, president, and is responsible for the day-to-day operations of the company. Zinkin had served as executive vice president and general counsel of Marc Ecko Enterprises since 1999. In that role, he was responsible for overseeing the company's legal representation, coordinating human resources, performing general administrative functions and providing oversight to various corporate philanthropic activities. Prior to joining the company, Zinkin was an attorney with Smith, Stratton, Wise, Heher & Brennan in Princeton, N.J., specializing in commercial litigation.

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