Luxottica Interim Results Align with Expectations July 25, 2017Luxottica Group SpA Luxottica Group SpA is the eyewear di

Luxottica Interim Results Align with Expectations July 25, 2017Luxottica Group SpA Luxottica Group SpA is the eyewear distributor for luxury brands such as Dolce & Gabbana, MIU MIU and Prada, Leonardo Del Vecchio, Executive Chairman of the Luxottica Group SpA, and Massimo Vian, Chief Executive Officer of Products and Operations In the earnings report, he said that he was satisfied with the interim results, "The new strategy and the restructuring of the group have already had the desired effect, and the transaction progress of the industry giant. The deal has already been approved by antitrust authorities in Russia and India, and is currently pending review by relevant authorities in the United States and Canada, China and Europe, with China and Europe expected to approve in the near future.

On the other hand, the group disclosed that as of July 20, Italian designer Giorgio Armani Giorgio Armani Giorgio Armani had bought a 4.64% stake. At present, the largest shareholder of the group is still Delfin SARL, the holding company of the group's founder and executive chairman, Leonardo Del Vecchio, with a stake of 62.45% and a public shareholding of 31.57%, and the 83-year-old Giorgio Armani has no children and holds 100% of the Giorgio Armani SpA.