298
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
By
Reuters API
Published
Oct 21, 2022
Reading time
2 minutes
Download
Download the article
Print
Text size

Ray-Ban maker EssilorLuxottica's sales rise as Asia-Pacific rebounds

By
Reuters API
Published
Oct 21, 2022

EssilorLuxottica reported a rise in its third-quarter revenues on Friday as the world's biggest eyewear maker saw a rebound in sales in the Asia-Pacific region and slight growth in North America.


Reuters



The French-Italian company, which makes Oakley and Ray-Ban sunglasses, reported revenue of 6.39 billion euros ($6.24 billion) for the three months to Sept. 30, up 8.2% on the year at current exchange rates.

Asia-Pacific was the group's fastest growing region with a 22.7% revenue rise in the quarter at constant exchange rates to 761 million euros.

The retail business in particular bounced back strongly in the region, EssilorLuxottica said, after a negative second-quarter performance hit by COVID-19 lockdowns in mainland China.

Sales in North America, the company's biggest market, increased by 3.4% to 3.01 billion euros at constant exchange rates, driven by the direct-to-consumer division, the group said.

"It's a solid and reassuring publication," Stifel analyst Cedric Lecasble told Reuters, noting a "resistant" performance in North America and a "good surprise" in other regions, notably Europe amid the macroeconomic downturn and Asia.

While EssilorLuxottica's broad consumer base in the United States and Europe exposes it to macro pressures in those regions, it is more insulated from inflation than peers in the discount eyewear business thanks to its luxury licences, Bernstein analyst Luca Solca said.

EssilorLuxottica makes glasses for brands such as Chanel and Prada, among others.
Despite concerns that the luxury industry's post-pandemic boom could be cooling, Birkin bag maker Hermes on Thursday said there were no signs of a slowdown so far as U.S. shoppers took advantage of the dollar's strength in Europe and China rebounded sharply, echoing earlier comments from Louis Vuitton owner LVMH.

EssilorLuxottica's shares were down 1.8% at 0743 GMT, slightly underperforming France's blue-chip index CAC 40 that fell 1.2%.
 

© Thomson Reuters 2024 All rights reserved.