Production Of Chanel Glasses Italy Glasses Manufacturing And Dealer Luxottica Delisting

According to foreign media reports, Italy glasses manufacturing and distributor Luxottica group (Chinese name is Lu Xun ladder card group) was officially delisted on Italy Stock Exchange on March 5th in Milan time.

In fact, as early as 2017, Luxottica had heard the news of delisting. After nearly a year's operation, it finally came to a conclusion.

According to reports, in March 5th, Luxottica held its last board meeting to review the performance from 2015 to fiscal 2018.

Compared to 2010-2013 years and four years, Luxottica's total sales increased from about 26000000000 euros to about 36000000000 euros in the last four years, an increase of about 40%.

The Luxottica board said that cumulative dividends over the past four years have almost doubled compared with the 2010-2013 years.

Luxottica group is eyeglasses design, manufacture and distributor, owns RayBan and other glasses brand, and is also authorized production and distributor of luxury brand glasses such as Burberry, Chanel and Prada.

For the delisting of Luxottica, Luca Solca, director of the luxury department of Paris securities and banking department, has pointed out that although Luxottica is strong and has huge strategic potential, it is still carrying out extensive strategic restructuring and fruitful results, but glasses are never the preferred item on the luxury shopping list. Therefore, Luxottica is not very optimistic in the stock market, and the basic value of the business is ignored.

Perhaps for this reason, Luxottica has decided to return to private ownership.

Author: Wang Xiaoran Kong Yaoyao