Italian luxury group Brunello Cucinelli raised its 2021 sales guidance for the second time this year on Tuesday after revenues jumped in the three months to June, accelerating a recovery from the pandemic.
EssilorLuxottica is suspending its dividend due to the coronavirus pandemic, it said Monday, adding its annual shareholder meeting has been delayed and its Essilor chief executive officer, Laurent Vacherot, has retired.
The French label has inked a licence deal with the Italian eyewear group for the design, production and worldwide distribution of its eyeglasses and sunglasses. The first models will be launched by summer 2021.
EssilorLuxottica expects continued profit growth this year after stronger 2019 results, saying the outbreak of coronavirus had not hit output at its Italian factories and its China production was becoming normal.
Under parent company EssilorLuxottica, Persol has experienced some key moments of growth within the past year, having opened its premiere New York boutique, and third Persol store globally, in November.
The L.A.-based, Luxottica-owned eyewear brand is enjoying one of the perks of being in the Italian giant's portfolio through a capsule with Parisian eyewear brand Alain Mikli, also part of the Luxottica fold.