Luxottica, the Italy-based luxury eyewear company with annual revenues of more than $6 billion, is planning to set up shop in India.
Luxottica Group has in its portfolio eight strong house brands, including Vogue, Persol, Arnette, Revo, and Ray-Ban, the world’s best-selling eyewear brand. It has licensing agreements with fashion brands such as Versace, D&G, Chanel, and DKNY, among others.
The company, already operating in India through its subsidiary Ray Ban India Holdings, is preparing to have a wholly owned subsidiary by the name of Luxottica India Eyewear Pvt Ltd. The company also plans to set up wholesale operations from the beginning of the next calendar year.