Happy Birthday, Luxottica!

The eyewear company Luxottica celebrates its birthday - fifty years – in great style.

The company under the leadership of Andrea Guerra and listed on the Italian and New York Stock Exchanges decided to celebrate its birthday by distributing treasury shares free of charge to employees of Italian operations. The aim is above all to acknowledge the contribution by staff of the Luxottica plants to the success of the company over the past 50 years.

"Through this operation we wanted to concretely thank people working in our plants for the commitment and passion shown over the years: indeed, these people make the true long-term success of our company a reality every day," emphasised Leonardo Del Vecchio, CEO and founder of Luxottica.

The operation, which is expected to be finalised in October 2011, will amount to a value of about 7 million euro and will involved a maximum of 350 thousand shares actually held in the company portfolio. These shares will be distributed according to corporate seniority.