ANNUAL REPORT 2004 - Luxottica Group

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The Miu Miu brand was created in 1993 according to the specific wishes of Miuccia Prada designed for a clientele especially attuned to the latest trends, carefree and sophisticated. With this collection, Miuccia Prada expresses her vision of an alternative style, always characterized by a strong personality; provocative innovation that co-exists with the classic, reinterpreted as “new classic”. The Miu Miu collection includes clothing, accessories, shoes and men and women eyewear. Miu Miu designs are: urban, young, sophisticated and sensual; a “new classic”. From its origins in Hamburg in 1978, the Jil Sander brand has enjoyed consistent and growing international success. The brand sets itself apart for its clean lines, modern, elegant design, superior quality materials and workmanship and the use of innovative fabrics. The Jil Sander brand is known for its thorough development of both clothing collections and accessories. Eyewear design is treated with the same harmonic, sophisticated flare as clothing.
The Prada brand is distinguished by products of excellent quality, combining an innovative approach with a strong tradition of craftsmanship. Prada is synonymous with a style that has often anticipated, if not dictated, new fashion trends; an influence unanimously recognized by qualified observers. For Prada, the starting point is absolute quality, which applies to every step in the process, from the design to the choice of materials, to the production and retail sales concept, to strategic publicity campaigns, creating a “chain of value” that generates overall quality. This extraordinary care is never abandoned, but expresses itself in refined details that made Prada creations so unique and utterly desirable. Sophisticated and elegant, Prada products have a distinct personality and unmistakable style. These characteristics are found in the eyewear as well, in the “optical” collection, several new “sun” models and a new sports model, easily identifiable by their red stripe. Moschino, licensed brand of Luxottica Group since 1995, is, of all of the Group’s product lines, the one most distinguished for the creativity and originality of its models, in keeping with the brand’s image. Moschino eyewear appeals to a young public, ironic and non-conformist, seeking an original and audacious style, decidedly nonconventional, that dares to combine shapes and colors that shock and surprise, without compromising on quality.
Page 1 and 2: ANNUAL REPORT 2004
Page 7 and 8: ANNUAL REPORT 2004 PROFILE OF LUXOT
Page 9 and 10: PROFILE OF LUXOTTICA GROUP QUARTERL
Page 15 and 16: LUXOTTICA GROUP IN 2004 to have dir
Page 17 and 18: LUXOTTICA GROUP IN 2004 Luxottica G
Page 21 and 22: DISTRIBUTION As for the performance
Page 23 and 24: DISTRIBUTION focused on the relatio
Page 25 and 26: DISTRIBUTION capacity, a direct pre
Page 29 and 30: CHANGE YOUR VIEW
Page 31 and 32: www.vogue-eyewear.com
Page 34 and 35: Making its debut in 1926, Persol wa
Page 36 and 37: Launched in California in 1992, Arn
Page 38 and 39: The Sferoflex brand was acquired by
Page 40 and 41: DISTRIBUTION LICENSE BRANDS 39
Page 42 and 43: The Byblos brand has been licensed
Page 46 and 47: Sergio Tacchini, ever synonymous wi
Page 50 and 51: DISTRIBUTION Today, Luxottica Group
Page 52 and 53: VERTICAL INTEGRATION Over the decad
Page 54 and 55: Over the years, Luxottica Group has
Page 56 and 57: WHOLESALE BRAND PORTFOLIO Luxottica
Page 58 and 59: Give the Gift of Sight is a Luxotti
Page 62 and 63: In accordance with U.S.GAAP (1) 200
Page 64 and 65: MANAGEMENT’S DISCUSSION AND ANALY
Page 66 and 67: expenses, thanks to economies of sc
Page 68 and 69: This information is being provided
Page 70 and 71: The swap will expire on June 17, 20
Page 74 and 75: (1) Except for earnings per share (
Page 76 and 77: (1) 1 ADS = 1 ordinary share. (2) C
Page 78 and 79: with the procedure set forth by it,
Page 80 and 81: CORPORATE GOVERNANCE Set out below
Page 82 and 83: - Sergio Erede - Sabina Grossi: Mem
Page 84 and 85: INTERNAL AUDIT COMMITTEE The commit
Page 86 and 87: 3. the Chief Financial Officer, the
Page 88 and 89: STOCK OPTIONS PLANS At the Extraord
Page 90 and 91: ANNUAL REPORT 2004 LUXOTTICA GROUP
Page 92 and 93: (1) Through 1998 the Euro/U.S. Doll
Page 94 and 95:
LUXOTTICA GROUP S.P.A. We have audi
Page 96 and 97:
In accordance with U.S. GAAP (1) Tr
Page 98 and 99:
In accordance with U.S. GAAP In tho
Page 100 and 101:
In accordance with U.S. GAAP (1) Tr
Page 102 and 103:
NOTES TO CONSOLIDATED FINANCIAL STA
Page 104 and 105:
Maintenance and repair expenses are
Page 106 and 107:
customers take receipt of products
Page 108 and 109:
In thousands Weighted average share
Page 110 and 111:
The Company recognizes forfeitures
Page 112 and 113:
2. RELATED PARTY TRANSACTIONS FIXED
Page 114 and 115:
In thousands of Euro Assets purchas
Page 116 and 117:
This pro forma financial informatio
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The Company believes that the preli
Page 120 and 121:
(1) Goodwill acquired in 2003 and 2
Page 122 and 123:
Estimated annual amortization expen
Page 124 and 125:
Since fiscal year 2004, for income
Page 126 and 127:
8. LONG-TERM DEBT Long-term debt co
Page 128 and 129:
Excluding current maturities, long-
Page 130 and 131:
OBLIGATIONS AND FUNDED STATUS In th
Page 132 and 133:
The accumulated benefit obligations
Page 134 and 135:
CONTRIBUTIONS U.S. Holdings expects
Page 136 and 137:
The following table sets forth the
Page 138 and 139:
STOCK INCENTIVE PLANS Luxottica Gro
Page 140 and 141:
Years ended December 31 (1) Inter-s
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In thousands of Euro Years ending D
Page 144 and 145:
such higher consideration to all te
Page 146 and 147:
eviewed at the end of January 2004,
Page 148 and 149:
ANNUAL REPORT 2004 KEY CONTACTS AND
Page 150 and 151:
EUROPE LUXOTTICA S.r.l. KILLERLOOP
Page 152 and 153:
MIDDLE EAST AND FAR EAST LUXOTTICA
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ANNUAL REPORT 2004 - Luxottica Group

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