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Look east
Luxottica makes sunglasses. It is an Italian company and 85% of its factories are in Italy. But less than 5% Luxottica’s sales are in its home country. Most of Luxottica’s shops are in the USA. The company produces glasses for Channel, Prada, Bulgari and other companies selling luxury goods. It also owns Ray-Ban. Luxottica’s main competitor is Safilo, another Italian glasses manufacturer. The big difference between Luxottica and Safilo is that Safilo has 50 shops and Luxottica has nearly 5, 500 shops.
5. Are these statements true or false? 1. Luxottica is a Chinese company. It is false. Luxottica is an Italian company. 2. It doesn’t sell products only in Italy. 3. Luxottica manufactures most of its glasses in the USA. 4. The company also produces glasses for other companies. 5. They make more profit from manufacturing than retail. 6. Luxottica doesn’t have any competitors. 7. The company wants to open shops in China. 8. Mr. Del Vecchio’s children work for the company.
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