US Shoe

Strategic Concepts & Mechanics

Cornerstone MoveClose Every Circle Until Control Is Complete Competitive AdvantageFashion Signature as Margin Multiplier Signature MovePaternalistic Covenant With the Valley Strategic PatternSubcontractor Apprenticeship as Espionage Strategic PatternLow Cost Many Models Flood Strategy Identity & CultureOrphan Hunger as Permanent Engine Cornerstone MoveBuy the Myth Then Rebuild It From the Product Up Risk DoctrineCash Fortress Before the Storm Hits Identity & CultureSilicon Valley Peers Not Italian Peers Operating PrincipleBring Production Home When Quality Fails Signature MoveEvery Euro Saved Is an Extra Euro in Profit Risk DoctrineOwnership Separated From Management Competitive AdvantageClosed Valley as Loyalty Fortress Signature MoveMove Before Being Overwhelmed Cornerstone MoveHostile Raid to Swallow the Whole Animal Capital StrategyWall Street Listing as Credibility Weapon Signature MovePocket Recorder on the Nightstand Signature MoveFactory Floor at Five AM, Never the Office

Primary Evidence

"His plan to snatch up LensCrafters by launching a hostile offer for the entire group that controls it, US Shoe, seems quite "eccentric" on paper, writes the Guardian newspaper. US Shoe is a conglomerate that has, in addition to the chain of opticians, shoe stores and clothing brands, a stock market value of over five times the Italian company, and its board of directors has no intention of selling."

Source:Leonardo Del Vecchio

"On April 18, the agreement is reached. Luxottica acquires US Shoe for 1.4 billion dollars, as written in a lengthy article by the New York Times. Italy, for the first time, openly celebrates the timid Leonardo. "Luxottica, winning move in the USA," opens the economics section with a full-page headline and a callout on the front page in Corriere della Sera."

Source:Leonardo Del Vecchio

"The son takes over the management of US Shoe's clothing division, Casual Corner, a business that is doing very poorly and is losing a lot of money, so much so that Del Vecchio, in order not to weigh on Luxottica's budget, transfers it under the control of the family holding company."

Source:Leonardo Del Vecchio

Appears In Volumes

Leonardo Del Vecchio