OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.
Inditex had another good year in 2017, despite exchange rates denting its margin slightly. But its omnichannel focus drove it to higher sales and profits, and its new COO has been tasked with maintaining that momentum
Online eyewear major Lenskart is looking to scale up manufacturing of its spectacle frames and will be investing around $5 million (approx Rs 32 crore) on its manufacturing units over the next 3 years.
Italian eyewear group Luxottica said on Tuesday it had acquired a 67 percent stake in Fukui Megane, a family-owned Japanese manufacturer specialising in the production of titanium and solid gold spectacles.
European and U.S. competition regulators on Thursday approved the 48-billion-euro (42.49 billion pounds) merger of Italian eyewear maker Luxottica and French lens manufacturer Essilor, sending shares in both companies higher.