Luxottica creates Japanese foothold
Author: Luke Haynes
Italian eyewear manufacturer Luxottica has announced plans to create a production centre in the Fukui eyewear district near Kyoto, Japan.
Executive chairman Leonardo Del Vecchio revealed the plans at the same time as announcing that the company had acquired a 67% stake in Fukui Megane, a family-owned Japanese manufacturer specialising in the production of titanium and solid gold spectacles.
Luxottica did not disclose the value of the acquisition.