86
Fashion Jobs
SHISEIDO
K-Key Account Lead
Permanent · HO CHI MINH CITY
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
By
Reuters
Published
Oct 24, 2011
Reading time
2 minutes
Download
Download the article
Print
Text size

Luxottica to keep up with M&A in 2012

By
Reuters
Published
Oct 24, 2011

MILAN | Mon Oct 24, 2011 - Italy's eyewear maker Luxottica is looking to new acquisitions in fast-growing markets in 2012, as it moves to strengthen its market leadership in a challenging year for the global economy.

Luxottica
Kate Moss for eyewear brand Vogue, made by Luxottica

Chief Executive Andrea Guerra told Reuters on Monday he expected 2012 to be an "important" year for Luxottica, which has invested in fast-growing countries to offset risks of a slowdown in mature markets.

"I think that next year will be again an important year (for Luxottica). But it's not a year of growth for everybody," Guerra said in a phone interview after releasing positive third-quarter results.

"We will keep up with our pace of small and medium acquisitions," he said, citing Latin America as the group's main target market.

The world's biggest premium eyewear maker completed the acquisition of optical retailer Multiopticas International in Latin America this year for a total investment of around 140 million euros. It also entered the Mexican and Israeli markets with smaller retail acquisitions.

Guerra said the key U.S. market, where Luxottica is also listed, was in "great shape." In China, the owner of Ray-Ban and Oakley brands is planning to open between 60 to 70 new stores in 2012 after around 60 new openings this year, the CEO said.

The CEO confirmed his indications in March that profits could grow twice as fast as sales in 2011 if revenues grow high-single digit, in line with last year.

Guerra said Luxottica was in talks with Giorgio Armani group over a license currently held by rival Italian eyewear maker Safilo (SFLG.MI). The license contract with Safilo expires in 2012.

Luxottica posted a 9.1 percent rise in third-quarter net profits to 111.2 million euros ($154 million) on Monday, while sales grew 4 percent to 1.524 billion euros despite the impact of a weak dollar.

($1 = 0.720 Euros)

(Reporting by Antonella Ciancio and Sabina Suzzi; Editing by Stephen Jewkes)

© Thomson Reuters 2024 All rights reserved.