All M&A articles – Page 11
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News briefs
Del Vecchio plans to double stake in key Italian bank
Delfin, the Luxembourg-based holding company of Leonardo Del Vecchio, the founder of Luxottica, has filed with the Bank of Italy a request to increase its stake in the influential investment bank Mediobanca above 10 percent, with the objective of reaching 20 percent. Delfin has a 9.9 percent stake in Mediobanca, ...
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Article
OWP takes over Flair
OWP Brillen, owner of the private OWP and Metropolitan brands as well as the licensed Mexx eyewear brand, acquired the Beck Group, including its subsidiary Bexx Brillenmode, on March 17. The Beck Group, located in Oelde, Germany, is better known for its high-end Flair brand name. It will be run ...
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ArticleInspecs’ new Vietnamese factory attracts new clients
The Inspecs Group suffered delays in the extension of its Vietnamese factory as a result of the Covid-19 pandemic. But the project is nearing completion and production in the new section is scheduled to start towards the end of the second quarter. In the meantime, the company is shipping goods ...
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Article
Safilo sees coming weeks as critical to save sunglass season
The coming couple of weeks will be crucial to understanding if the sun season can be saved. If lockdowns are lifted in Europe and the recovery picks up in the U.S. the task can be achieved, according to Safilo.
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Article
Safilo buys Privé Revaux at a hefty price
Two months after announcing the acquisition of Blenders in California (see EWI Vol. 20 n°15 +16), Safilo has bought another fast-growing American eyewear brand, Privé Revaux, from a number of shareholders. Chief among them is a San Francisco-based private equity fund, TSG Consumer Partners, which invested in the company in ...
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Article
EssiLux’ buy of GrandVision comes under closer scrutiny
Confirming the Reuters report mentioned in our previous issue, the European Commission has confirmed its decision to launch an in-depth investigation, known as a phase II review, into EssilorLuxottica’s planned takeover of GrandVision. The preliminary investigation ended on Feb. 6. The commission had until June 22 to take a decision ...
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News briefs
Bayfields acquires Charnley
Bayfields Opticians and Audiologists of the U.K. has acquired Charnley Opticians, located in the English town of Royal Leamington Spa, in its effort to expand its network from 19 stores to 40 by 2025.
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Article
Inspecs plans acquisitions after its recent IPO
Inspecs has managed to sell all the new and existing shares it planned to place in its initial public offering (IPO) on the Alternative Investment Market (AIM) of the London Stock Exchange, despite a difficult market environment. The company’s share price remained in line with the IPO price of ...
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News briefs
Zeiss buys Saxonia Systems
Carl Zeiss has completed its acquisition of a producer of custom software, Saxonia Systems, which has been renamed Carl Zeiss Digital Innovation. Zeiss said the company will provide “digitalization solutions, from process, technology and software architecture consultations all the way to requirements management, implementation, quality assurance and maintenance.” It will ...
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News briefs
L Catterton buys stake in FYidoctors
The U.S. private equity firm L Catterton has bought a “strategic” minority stake in the Canadian eyecare company FYidoctors. No details have been released. FYidoctors was created in 2005 by a group of eye doctors, has 250 locations and continues to be owned by optometrists. The investment will provide the ...
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News briefs
Abbvie and Allergan enter agreement with FTC
Abbvie and Allergan have entered into a consent decree agreement with the staff of the U.S. Federal Trade Commission (FTC) regarding AbbVie’s acquisition of Allergan. Under the terms of the consent decree, the companies have agreed to divest brazikumab, an investigational inhibitor in the development for autoimmune diseases, to AstraZeneca, ...
