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Annual Review 2012 - Luxottica

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35<br />

2.5 Brand portfolio<br />

Proprietary BRANDS<br />

LICENSED BRANDS<br />

<strong>Luxottica</strong>’s brand portfolio<br />

is one of the largest in the industry<br />

and continuously evolves, with major global brands backed by leading brands both at a<br />

regional level and in particular segments and niche markets. The portfolio is well balanced<br />

between proprietary and licensed brands, combining the stability of the former with the<br />

prestige of the latter.<br />

The presence of Ray-Ban, one of the world’s best-selling brands<br />

of sun and prescription eyewear, and Oakley, a leader in the sport and<br />

performance category, gives the portfolio a strong base, complemented by<br />

Persol, Oliver Peoples and Alain Mikli in the high-end of the market, Arnette and REVO in<br />

the sports market, and Vogue in the fashion market. Alongside the proprietary brands, the<br />

portfolio has over 20 licensed brands, including some well-known and prestigious<br />

names in the global fashion and luxury industries.<br />

With its manufacturing know-how, capillary distribution and direct retail operations<br />

supported by targeted advertising and experience in international markets, <strong>Luxottica</strong>’s<br />

goal is to be the ideal partner for fashion houses and stylists seeking to translate their style<br />

and values into successful premium quality eyewear collections. <strong>Luxottica</strong> differentiates<br />

each designer’s offering segmenting it by type of customer and geographical market, to<br />

produce a broad range of models capable of satisfying diverse tastes and tendencies and<br />

to respond to the demands and characteristics of widely differing markets. Each style is<br />

typically produced in two sizes and five colors.<br />

In January 2013, <strong>Luxottica</strong> commenced an exclusive ten-year license agreement with<br />

the Armani Group for the design, manufacturing and worldwide distribution of sun<br />

and prescription eyewear under the Giorgio Armani, Emporio Armani and A/X Armani<br />

Exchange brands. The first Armani collections were launched during the first quarter of<br />

2013 and are distributed through Armani stores worldwide, independent optical locations,<br />

select department stores as well as through select travel retail locations and <strong>Luxottica</strong>’s<br />

retail chains.

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