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LUXOTTICA BOARD MEETING: Following ongoing media speculation on the pending departure of its chief executive officer Andrea Guerra, Luxottica Group SpA is to hold a board meeting on Sept. 1 to discuss its management structure and Guerra’s position, followed by a conference call for analysts and investors. While not commenting on the rumors last week, the giant Italian eyewear manufacturer said that president Leonardo Del Vecchio and Guerra “had for some time been discussing future strategies and managerial assets of the group.”
In addition to its own brands Ray-Ban and Oakley, Luxottica produces and distributes collections for brands including Giorgio Armani, Prada, Bulgari, Chanel and Donna Karan, among others.