Leonardo Del Vecchio
Chairman
2007 will be another important year for our growth and for the history of the Group. Two of our main brands will celebrate important anniversaries: Persol, the worldwide emblem of «Made in Italy» eyewear and a brand synonymous with elegance, comfort and quality, will turn 90; and Ray-Ban, the world’s best-known and best-selling eyewear brand, will turn 70. These two great brands share a history of quality, excellence and success. Above all, both brands are posting strong contributions to our results and leading the path to future growth.
We are a leader in a fast-growing market that is generating new and increasing opportunities for continued strong growth. Eyewear is a key fashion and luxury accessory and has become a growing reflection of an individual’s personality. Markets that were only prospects for growth a few years ago are already vibrant and growing. In the more established markets in the West, a major opportunity for growth is tapping into the aging population, particularly Baby Boomers, who demonstrate a propensity to take care of themselves and to frequently indulge in fashion and luxury products.
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