Fall is positive for Luxottica and Safilo

The fall for Luxottica and Safilo has begun with an upturn in production and it is hoped that it will continue until the end of the year. 'The last quarter was better than the beginning of the year and we hope that we are now seeing the light at the end of the tunnel', Leonardo Del Vecchio, the boss of Luxottica, told Corriere delle Alpi.

The company also experienced an upswing on yesterday's shares market (almost 5% up on Mib 30 shares, which closed at 13.396 euros) following rumors that it was responsible for the 320 million dollar takeover bid for the American group, Cole National.

'Things were bad from March/April through July, but August and September have shown a recovery', added Vittorio Tabacchi. 'Obviously, I refer to the company, but during a recent conversation with Del Vecchio, he made exactly the same diagnosis. But I think the situation is still critical for the pmis of Cadore'.