Luxottica planning $250M North American investment

News
Oct 16, 2013
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One of the world’s largest eyeglass companies, Luxottica Group, has plans to invest $250 million in its North American business units headquartered in Mason over the next three years, our news partner WCPO-TV is reporting.

At an investor day event in Mason on Oct. 8, the company's top executives told analysts they plan to open hundreds of new Lenscrafters stores, triple the size of Luxottica's Target Optical retail business and upgrade its Sunglass Hut offerings inside Macy's stores and shopping malls, according to WCPO.

The Milan-based company generates about 60 percent of total sales — or $5.3 billion — in North America, where it has about 4,800 stores. It employs more than 40,000 workers, including more than 3,500 in the Cincinnati area and 1,400 at its 42-acre headquarters near the intersection of I-71 and Western Row Road.

It’s not immediately clear how the $250 million investment will impact local employment, but Mason Mayor David Nichols told WCPO that any North American expansion by Luxottica will be felt in Mason.

Read the whole story here.

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