Updates

Latest Entries

Essilor International Completes Four Transactions With Eyewear Players Worldwide

PARIS — Looking to expand its footprint in Europe and Latin America, Essilor International, a subsidiary of the newly formed EssilorLuxottica merger, on Monday said it has completed four transactions with partners worldwide representing combined full-year revenue of around 48 million euros.
Reinforcing its presence in Latin America, the company snapped up majority stakes in Metalizado Optico Argentino S.A., one of Argentina’s leading prescription laboratories, and Indulentes, billed as one of the leading prescription laboratories in Ecuador.
The company said it expects the acquisition in Greece of Union Optic, a prescription laboratory that also distributes optical instruments, by local partner Shamir to strengthen its position in the country, meanwhile, while the acquisition by Essilor International of Brille24 GmbH — billed as one of the leading online retailers of optical products in Germany — is pending approval of the German competition authority, Bundeskartellamt.
EssilorLuxottica was formed through the 46-billion-euro merger of Italian eyewear giant Luxottica, the producer of eyewear under license for names including the Giorgio Armani Group, Bulgari, Burberry, Chanel, Coach, Prada and Versace, and France’s Essilor, billed as the world leader in ophthalmic optics and a key player in visual health.

Follow WWD on Twitter or become a fan on Facebook.

Read More…

Via:: https://wwd.com/accessories-news/eyewear/essilor-international-completes-four-transactions-with-eyewear-players-worldwide-1203015803/