Originally Posted by
Crazy-bout-Optics
Those of us at Lux and those watching have seen management dig the company into the ground, it is not the same place I used to work at 8 years ago.
So for those of us working at LC we have seen all the layoffs, the firing of managers, Regional Managers, etc. We have sale after sale, after sale where we used to only have 3 or 4 a year. Now we are changing to a 90 day guarantee and selling an insurance plan. We have this whole "culture shift" which is nothing but sales, sales, sales!
Basically Lux has cut payroll, has back to back sales and will be selling an eyeglass insurance plan insured by a 3rd party. They are increasing cash flow to make the company look more profitable, though I personally think it is just to inflate the perceived "worth" of the company. Could it be that Mr. Delvecchio has rode the gravy train and is wanting to sell and take the $$$ and run?
Who has the funds to purchase Lux, or any of its subsidiaries for that matter? Essilor Perhaps? Yes they are selling online through FD.com but they don't have physical retail stores nor frame manufacturing (That I am aware of). Sounds like a match made in ... .. (I'll let you finish that statement)
I think Zeiss is pulling out of the US market and concentrating on Europe where they are much more successful. They Just cant take on the behemoth that is Essilor here in the US. This all got me thinking that Essilor possibly has its eyes on Lux/LC.
Thoughts??
~CBO
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