Young, direct-to-consumer eyewear labels are entering the U.K. market and providing a new price point and purchase experience.
A second tender period will open on Dec. 19 to complete the sellout procedure.
The new sunglasses and optical frames will debut for fall 2019.
The eyewear manufacturer will donate to the organization 60,000 optical frames and sunglasses annually until 2021.
The designer is a longtime shareholder in Luxottica, which is his fashion group’s eyewear licensee.
The Italian eyewear group, owner of brands such as Ray-Ban and Persol, and a licensee for the likes of Giorgio Armani, Burberry, Prada and Versace, confirmed its outlook for 2018 with sales growth of 2 percent.
With luxury groups taking control of eyewear, buyers reported greater demand for quality craftsmanship.
At Vision Expo West, eyewear execs talked macro forces shaping the industry, as the trade show itself evolves.
Allure Eyewear will manufacture and distribute eyewear and sunglasses for Sean John.
The newly formed EssilorLuxottica will launch a mandatory exchange offer for all the remaining shares between Oct. 29 and Nov. 27, with the view of delisting Luxottica’s shares in Milan, but the squeeze-out, if any, could be expected between Jan. 28 and March 4.