Prada Overtakes Gucci in Eyewear Sales

According to reports, Luxottica Group S.p.A., the Italian company that manufactures eyewear for brands such as Ray-Ban, Alain Mikli, Vogue and Oakley, took the first place by increasing its revenue to €7.300 billion in 2013. Prada SPA is followed by the revenue with €3.587 billion and a growth rate of 8.8%. Then comes Gucci with the third place, with revenue of €3.561 billion, which represents a fall in revenues by 2.1%.

“It is very difficult to make prediction for 2014, but there has been a slowdown in the Chinese luxury market and the geopolitical crisis has affected Russia and slowed down the flow of tourists to Europe,” said Carlo Pambianco