A return to significant growth in Luxottica's financial results for the first quarter of 2010 indicates the 'return to normal' of both the Western European and global frame markets envisaged by the manufacturer at the beginning of 2010 (News 29.1.10).
Luxottica revealed that the 'backbone' of this growth included a recovery in the premium/luxury frame market, a double-digit increase in Ray-Ban and Oakley sales and excellent performance in prescription eyewear sales.
Detailing its 'sound start to the year' Luxottica reported an increase in its wholesale sales for Western Europe of 7.8 per cent at constant exchange rates. Overall net wholesale sales increased 9.1 per cent at constant exchange rates to €553.5m during the first quarter of 2010 in comparison to the same period in 2009.
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