All M&A articles – Page 2
-
ArticleFittingbox acquires main VTO challenger
Fittingbox, the global leader and a pioneer in eyewear virtual-try-on (VTO) services, has announced that it was acquiring its main challenger, Ditto Technologies, from U.S.-based Luna Solutions. It is the first acquisition by Fittingbox since the creation of the company in 2006. “We will have the largest customer portfolio in ...
-
ArticleItalian OEM group acquires Henry Jullien
iVisionTech, the Italian-based OEM eyewear supplier, has announced that it was acquiring French eyewear company Henry Jullien, after a competitive sale process managed by a French Commercial Court. The process followed the entry into liquidation proceedings of the L’Amy Luxe group, of which Henry Jullien was part since 2017. ...
-
ArticleVeneVision adds injection to portfolio with new acquisition
Fast-growing Italian eyewear OEM group VeneVision is adding another production process to its know-how portfolio with the acquisition of CIDI, a Treviso-based company specializing in the production of injected-polymer frames. “With this acquisition,” commented Nicola Belli, CEO of VeneVision, “a fundamental piece of the Group’s strategy is realized: we are ...
-
ArticleLenskart’s Neso Brands invests $4 m in French DTC eyewear brand
Neso Brands, the $100 m investment fund launched by Indian-based optical retail group Lenskart last year, has announced that it has acquired a significant stake in Le Petit Lunetier, a French direct-to-consumer (DTC) eyewear brand. It is the first investment in Europe for Neso Brands and Lenskart. As previously reported, ...
-
ArticleSafilo reaches deal with Thélios, Innovatek for Longarone plant and workers
Safilo Group said it has reached an agreement with Thélios, the eyewear business of the French luxury goods group LVMH, and Innovatek, an eyewear company owned by the businessman Carlo Fulchir, to guarantee the future of its Longarone facility and to relocate the 444 workers currently employed at the site ...
-
ArticleThélios opens portfolio to proprietary brands with Vuarnet acquisition
Thélios, the eyewear company of French luxury group LVMH, has announced its acquisition of Vuarnet from NEO Investment Partners, the U.K.-based investment fund that owned the brand since 2013. This marks the first brand acquisition by Thélios whose portfolio included exclusively fashion brands from its parent company until now. Thélios ...
-
News briefsOcuco gets €60m boost
A private-equity firm, Accel-KKR, has acquired a minority stake worth €60 million in Ocuco. Leo Mac Canna The omnichannel software provider was founded in 1993 by its current CEO, Leo Mac Canna, and operates in 88 countries. The latest version of its software, Acuitas 3 OmniChannel Edition, ...
-
News briefs
Cecop expands footprint with National Eyecare Group in the U.K.
Spanish group CECOP is expanding its international footprint through the integration of National Eyecare Group (NEG), a purchasing group in the U.K. with over 1,000 members, in its network. The investment was presented as a merger by both companies in their communication. NEG was founded in 1979 by Michael ...
-
ArticleVisottica moves forward with external growth strategy with Ideal acquisition
Visottica Group, the supplier of eyewear components based in Italy’s Veneto region, is continuing with a strategy of growth through acquisitions, with the announcement of the purchase of a 100 percent stake in Ideal, a company active in the engineering and manufacturing of small metal eyewear parts. Founded in 1983, ...
-
News briefsBlue Point acquires Europa and Eyebobs
Blue Point Capital Partners has established a holding company for eyewear, acquiring this month both the Europa and Eyebobs brands. Europa Eyewear is an independent eyewear company founded in 1977 and still run by the same family. It operates 11 independent brands, including STATE (launched in 2015) and American Optical ...
-
News briefs
CECOP reaches 1,000 members in Germany with new acquisition
CECOP, the Spanish-based group, has announced the acquisition of EGS-Optik, one of the largest German buying groups. Based in Bavaria and founded in 2003, EGS-Optik boasts approximately 500 members, making it the sixth largest buying group in the country according to the annual ranking of the German association of opticians ...
-
ArticleMeta acquires 3D-printed ophthalmic lens company Luxexcel
Meta, the parent company of Facebook and Instagram, has discretely acquired Luxexcel, the supplier of 3D-printed prescription lenses, at the end of last year in a strategic move certainly aimed at enhancing the tech giant’s virtual reality (VR) portfolio. No official announcement was released by Meta but the investment, which ...
-
ArticleDe Rigo to acquire Rodenstock eyewear division
De Rigo Vision has announced the signature of an agreement to acquire the full ownership of Rodenstock’s eyewear division, a transaction that is scheduled to be completed at the end of second quarter of 2023. The amount of the acquisition was not disclosed. The family-owned Italian group said the investment ...
-
News briefs
Lanctôt broadens portfolio with acquisition of Prisme Optical
Lanctôt, the distributor of sporting goods and eyewear brands in Canada, has announced the acquisition of the Prisme Optical Group, another Canadian distributor specializing in European eyewear brands. The company said the investment was aimed at broadening its offering in this segment and extend its market share in the country. ...
-
ArticleMarcolin to invest $250 m in TOM FORD perpetual license
The Estée Lauder Companies (ELC) have announced the acquisition of the TOM FORD in a deal that values the luxury brand at $2.8 billion and also involves the Ermenegildo Zegna Group and Marcolin through long-term license agreements, for fashion products and eyewear products, respectively. The transaction is expected to close ...
-
News briefs
Mitsui’s SDC Technologies acquires Coburn Technologies
SDC Technologies, a subsidiary of Mitsui Chemicals specializing in coating material, has announced the full acquisition of Coburn Technologies, the supplier of ophthalmic lens processing systems and equipment to lens laboratories. Based in Connecticut, U.S., and founded in 1954, Coburn Technologies’ portfolio also includes eye examination machines for eye care ...
-
News briefs
Visottica Group further expands portfolio with new acquisition
Visottica Group, the Veneto-based supplier of eyewear components, is pursuing its external growth strategy with the announced acquisition of a 60 percent share in Ethos, a company specializing in galvanic processes on brass, zamak, iron, fashion accessories and leather goods. Founded in 2018 and currently employing 18 people, Ethos expects ...
-
ArticleNew owners for Cébé
Bollé Brands has announced the divestment of its Cébé brand, which will be acquired by D.MO/RACER a new entity formed for the occasion. Born in the French Jura region in 1892, Cébé develops a range of outdoor sport products including sunglasses, ski goggles and helmets. The brand, along with Bollé ...
-
News briefs
VSP acquires PECCA
VSP Vision – owner of Marchon Eyewear– has acquired Professional Eye Care Associates of America (PECAA) from the private equity firm Nautic Partners. No financial details have been disclosed. Founded by optometrists Bradley Smith, Lance Anderson and David Wolf in 2006 in Portland, Oregon, PECCA provides “customized tools, progressive tactics, ...
-
ArticleUnder new ownership, DEG acquires William Morris
Design Eyewear Group (DEG), the group of designer eyewear brands, has just announced the expansion of its portfolio with the acquisition of William Morris London. DEG said that the investment was one more step in the direction of the group’s target of becoming one of the world’s leading multi-brand suppliers ...
