Rayban Updates

Rayban Sun Optics India Ltd has informed that in line with the previous communication of Luxottica Group S.p.A. dated January 11, 2007 and following the release of the related Non Objection Certificate by the Company, the Board of Directors have received a communication from Luxottica Group S.p.A. vide their letter dated December 17, 2007 that the Luxottica Group has incorporated a wholly owned subsidiary in India by the name, Luxottica India Eyewear Pvt Ltd.

Luxottica Group S.p.A has further advised that with effect from January 2008, Luxottica India Eyewear Pvt Ltd plans to commence distribution of luxury and fashion brand eyewear, other than RayBan, on a wholesale cash and carry basis.