LUX.MI: A “tough 2009″ on tap, but expansion continues
Posted on November 16, 2008
Filed Under Luxottica | 1 Comment
Luxottica’s CEO, Andrea Guerra talked with Milan’s Corriere della Sera newspaper last week and had the following to say about the company’s outlook:
“2009 will be a tough year. On the one hand we are seeing a structural slowdown in consumption, which will last at least six to nine months, on the other, a shorter but very intense period of uncertainty and instability.”
I’ve got another “hand” for you right here, Andrea… How many people, trying to make ends meet during this “intense period of uncertainty”, who FINALLY REALIZE you’ve been screwing them year after year will come back in six months? Six years? I’d guess no one, outside of the mentally ill, would even consider it.
I’m going to go out on a limb and say that the tough times at Luxottica are going to be tougher and perhaps perpetual as people have their eyes opened.
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