• Thu. Jun 30th, 2022

Ray-Ban maker enjoys boost in revenue ahead of summer with fewer restrictions

ByRandall B. Phelps

Apr 22, 2022

Friday, April 22, 2022 8:19 a.m.

Coco Rocha attends Ray-Ban celebrates the 1937 district with Blondie and MS MR on May 15, 2014 in New York City. (Photo by Michael Zorn/Getty Images for Luxxotica)

Eyewear group EssilorLuxottica SA, maker of Ray-Ban, has seen a surge in revenue over the past three months as consumers prepare for summer.

The French-Italian retailer clinched £4.67bn in the first quarter of the year, up more than a third year on year as consumers are more likely to take trips abroad this year with reduced pandemic restrictions.

Sales in China, however, fell in March. The country has been hit by a spiral of Covid-19 cases, and a zero-tolerance stance on the virus has seen lockdowns cover several major cities and ground a number of flights.

In a joint statement, CEO Francesco Milleri and Deputy Managing Director Paul du Saillant hailed the “good start” to the year.

“It’s a great moment for EssilorLuxottica – we’re off to a good sun season, demand for luxury brands continues and our innovative products like Stellest are starting to rewrite eyewear history for so many people.” they stated.

The group has also raised some £3.3million for Ukrainian aid efforts, which includes donations from 10,000 employees.