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Sales growth and new appointments at Luxottica

Luxottica reported sales of CA$8.2 billion for the first nine months of 2014, a 2.1% increase over the same period last year.

Growth was driven by the North American market, with an increase in wholesale sales of 11% and retail sales of 4.3%. Sales rose 30% in China, Brazil, India, and the Middle East.

In addition, the company confirmed that Massimo Vian will step into the role of acting CEO until the arrival of Adil Mehboob-Khan in January 2015. After that, the latter will hold the position of co-CEO of markets, and Massimo Vian will manage the products and operations sector. Finally, the Board of Directors appointed Stefano Grassi as the new financial officer, replacing Enrico Cavatorta, who recently resigned.

For more information: http://www.luxottica.com/sites/luxottica.com/files/2014_10_29_-_luxottica_-_3q_2014_results_-_eng.pdf

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