Entry position in Luxottica Group SpA

Pleased to anounce that we have openend a Entry position into Luxottica Group SpA.

Luxottica entered the Quality-Growth at a Reasonable Price Q-GAARP Satellite portfolio.

Luxottica is a de-facto monopolist manufacturer of sunglasses, increasing ROIC mainly driven by high increasing margins. Sound capital allocation strategy focusing on vertical integration. Strong balance sheet and owner operated.

Presentation from Luxottica here

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