Luxottica is said to be on the verge of an agreement to acquire Oticas Carol, one of the major optical retail chains in Brazil. Luxottica, which has been busy developing its Sunglass Hut chain in the country, already five years ago bought Tecnol, a major eyewear manufacturer in the country, which held a 50 percent stake in Oticas Carol until 2008. Tecnol also owned another local retail chain, Oticas Iris, but divested it in 2013. Oticas Carol was taken over in the same year by three investment groups (see Eyewear Intelligence vol. 14 , N° 4 of April 3, 2013), but they want to cash out now. A public offering on the stock exchange would be an alternative option.