Eyewear on Stock Exchange, Oakley and De Rigo Protagonists on Wall Street

At the end of trading on Friday, December 6, on the NYSE, De Rigo spa, which the same day again gave a 'no comment' to rumors about Luxottica's ownership involvement, was one of the five stocks that had risen the most at +14.42%. The company also appears (in the list updated to today, Monday, December 9) amongst those that have taken official steps to be placed and listed on the Milan Stock Exchange, with spring 2003 being the forecast entry date.

Also part of the information at the close of NYSE trading Friday, was Oakley, but it was one of the five stocks with the greatest downturn (-17.66%).
The American company let it be known that sales for the fourth quarter of 2002 should be in the region of 100 million dollars, 9% less than estimated, but 11% higher compared to the same period last year. Oakley's CEO, Link Newcomb, said that the reasons for the review of the estimates was due to the return of Sunglass Hut and its negative impact on the other retailers, as well as a drop in consumption, the weak state of the wholesale trade, and delays in product deliveries. A European business reorganization plan is on the cards for Oakley.

(Source: Milanofinanza - Reuters)