Luxury eyewear maker EssilorLuxottica reported yesterday a rise in second-quarter revenue as continued recovery in China helped to offset a slowdown in North America.
The maker of Oakley and Ray-Ban sunglasses said total revenues for the quarter came in at US$7.40bn, up 4.9 per cent at current exchange rates on the same period last year. EssilorLuxottica, like other luxury groups, has been benefitting from a recovery in China after the country ended Covid-19 lockdowns last year.
“Ray-Ban and Oakley kept advancing firmly, while the regional brand Bolon jumped by an impressive two thirds on the reopening of its home market of China,” the group said in a statement. Asia-Pacific was the best performing region in the quarter, EssilorLuxottica said, while flagging a slowdown in North America.
The world’s biggest luxury goods group LVMH posted on Tuesday a jump in quarterly sales, with demand in China also helping to offset a weaker performance in the US.
