![]() ![]() Last year direct online sales to customers brought in €1.2 billion, a 40% increase over 2019. Over half of the total revenue was generated in North America.Īt the same time the company enhanced its e-commerce platforms and "got closer to customers and consumers during the pandemic," according to its 2020 report. Gross profit was €8.4 billion as sales bounced back in the second half of the year. Revenue for 2020 came in at €14.4 billion, down 17% compared to 2019. The multinational is not immune to the effects of the pandemic. For glasses-maker Luxottica Ray-Ban has been a great cash cow Image: Fars Glasses don't protect against the pandemic When it comes to spectacles, with thousands of trademarks, more than 10,000 patents and 140,000 employees, the company touches the lives of millions and is a clear-sighted mammoth that has cornered the market. The company has factories, R&D sites and distribution centers in many of the 150 countries where it operates. In 2020, the company added another 1,600 styles to its collection. As founder, chairman and the biggest shareholder of EssilorLuxottica, he focused on transforming the global eyewear business by buying up companies and making hundreds of millions of pairs of expensive sunglasses, lenses and frames for prescription glasses. That makes him the second-richest person in Italy and the 62nd-richest person overall, according to Forbes.Īpproaching 86, he is still able to shake up the business world. ![]() Though the coronavirus pandemic has hit his eyeglass business, his personal fortune has gone from about $16 billion (€13.6 billion) to $26.5 billion through his diverse investments. The past 12 months have been good for Leonardo Del Vecchio's bottom line. ![]()
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