by Marco Bigatti, Group Treasurer & Chief Accounting Officer, Luxottica Group
Leading eyewear group Luxottica has had a relationship with UniCredit in Italy for many years. Harmonisation and standardisation of the payments and collections landscape through SEPA (Single Euro Payments Area) provided an opportunity to extend this relationship more widely, streamline processes and connectivity, and position the company for future cash management innovation.
Luxottica Group is a leader in the design, manufacture and distribution of fashion, luxury, sports and performance eyewear, with a global wholesale network across more than 150 countries, with over 7,200 optical and sun retail stores in North America, Latin America, Asia-Pacific, China, South Africa and Europe. The Group’s strong, well-balanced brand portfolio includes iconic proprietary brands such as Ray-Ban, Oakley, Vogue Eyewear, Persol, Oliver Peoples and Alain Mikli, as well as highly attractive and prestigious licenses including Giorgio Armani, Burberry, Bulgari, Chanel, Dolce&Gabbana, Michael Kors, Prada, Ralph Lauren, Tiffany & Co., Versace and Valentino.