Italian eyewear company Luxottica is now beginning to integrate the three companies it earlier purchased in China.
The three companies purchased by Luxottica are Beijing Xueliang Glasses Company Guangzhou Minglang Optical Company and Shaihai Modern Optical Company.
Andrea Guerra, CEO of Luxottica, tells local media that through acquisitions, the company now has nearly 270 stores in China and is the biggest foreign-owned glasses retailer.
Guerra says that Luxottica will integrate these companies into a new company with the brand LensCrafters and renovate the entire structure of the company with advanced techniques and operations.
LensCrafters has 11 stores in Beijing. Luxottica plans to open 80 to 90 LensCrafters glasses stores by the end of 2007.
Luxottica has approximately 5,700 optical stores worldwide and its products are designed and manufactured in six production facilities in Italy and two wholly-owned plants in China.