Integration of Costa Del Mar into Luxottica Will Curtail Sunglass Maker's Florida Operations and Cut Work Force

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DAYTONA BEACH, Fla.—As part of the planned integration of Costa Del Mar into Luxottica, most of the sunglass brand's operations here will be shut down over the next eight months. The move will also result in about 200 employees losing their jobs over that period, a Luxottica spokesperson told VMAIL. The downsizing is part of Costa’s integration into Luxottica’s brand portfolio and frame network which was announced by EssilorLuxottica’s management in September. Luxottica released a statement saying, “Costa is an incredibly special and unique brand and we see great growth potential for it in the future.

EssilorLuxottica’s decision to integrate Costa into the Luxottica portfolio will allow the brand to fully leverage on Luxottica's strengths in everything from product innovation to manufacturing to supply chain and distribution networks, helping it reach its full potential.

“As a result of the integration, there are several areas of overlap in the business that will be impacted. While we will make every effort to minimize this, many functions and roles will be moved to New York, Atlanta and Foothill Ranch over the coming months. This is not a decision the company took lightly and we are approaching the coming transition period with great care and respect for our people.”

The company’s sales and customer service teams will remain intact, the Luxottica spokesperson told VMAIL.