MILAN, Italy, January 26 -- Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX), a global leader in premium fashion, luxury and sports eyewear, welcomed today with great satisfaction the final order issued by the Consumer Protection Center of the Sharjah's emirate (United Arab Emirates) to destroy 143,700 counterfeited Ray-Ban sunglasses, found during a raid action at the local China Optical Center distributor.
The distributor was also obligated to pay a fine of US$4,000, and according to the UAE Trademark law, should the distributor be caught again in the trade of counterfeit product it risks enforced closing of its business activity for up to 6 months.
Counterfeit activity greatly damages not only manufacturers and distributors of original products but also trademark owners while also misleading and deceiving clients and consumers whose health and safety can be put at risk. For this very reason, Luxottica is constantly engaged in fighting counterfeit activity, confident that its own brands and its own products are the greatest warranty for its consumers.
Luxottica Group S.p.A.
Luxottica Group is a global leader in premium fashion, luxury and sports eyewear, with over 6,200 optical and sun retail stores in North America, Asia-Pacific, China, South Africa and Europe and a strong and well balanced brand portfolio. Luxottica's key house brands include Ray-Ban, the best known sun eyewear brand in the world, Oakley, Vogue, Persol, Oliver Peoples, Arnette and REVO, while license brands include Bvlgari, Burberry, Chanel, Dolce & Gabbana, Donna Karan, Polo Ralph Lauren, Prada, Salvatore Ferragamo, Tiffany and Versace. In addition to a global wholesale network covering 130 countries, the Group manages leading retail brands such as LensCrafters and Pearle Vision in North America, OPSM and Laubman & Pank in Australasia, LensCrafters in Greater China and Sunglass Hut globally. The Group's products are designed and manufactured in six Italy-based manufacturing plants and in two wholly-owned plants in China. In 2007, Luxottica Group posted consolidated net sales of euro 5 billion. Additional information on the Group is available at www.luxottica.com.