Luxottica Group S.p.A., the owner of Oakley, Arnette, Ray-Ban and licensee of many other “premium eyewear brands” plans to open 100 of their Sunglass Hut retail locations in India.
Andrea Guerra, chief executive officer of Luxottica Group, commented: “This is an especially important development for our Group and a turning point for our business in India. On the one hand, it allows us to become from day one a key player in one of the most promising retail markets for premium and luxury brands working side-by-side with the leading real estate developer in the market. At the same time, it is an opportunity to further strengthen the positioning of our key brands, with an expected benefit for our entire business in that market.”
The chain already has 2,000 stores worldwide. Apparently it’s very sunny in India.
[Link: MarketWatch]
