Virus forces Luxottica to break Italian August holiday tradition [Reuters]
SWATCH GROUP AG UNSP/ADR (SWGAY)
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Source: Reuters
Virus forces Luxottica to break Italian August holiday tradition MILAN, April 2 (Reuters) - Eyewear maker Luxottica said it would cut to just one week its customary August closure, a move which other firms may seek to replicate to relaunch production after the forced shutdown in the current coronavirus crisis. The decision by the Italian arm of eyewear giant EssilorLuxottica impinges on the sacredness of the traditional August shutdown, when people head for the beaches emptying cities and bringing business activity to a halt. In a sign that a return to normality for the industry is still a long way away, the organisers of the world’s biggest eyewear trade fair MIDO, which had been rescheduled to July, said it had been moved to February 2021. Ray Ban-owner Luxottica, which in 2018 joined forces with French lens maker Essilor to create a global leader in the eyewear industry, said it would close down only for the mid-August week. It would normally give its staff three weeks off in Augus
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