All M&A articles – Page 3
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News briefs
EssilorLuxottica takes full control of Shamir
Shamir Optical has informed its customers in a letter that EssilorLuxottica acquired the remaining 50 percent stake in the company on Aug. 1, owning it in full. The Italo-French group, which had initially purchased 50 percent of Shamir’s shares in 2011, said the new transaction was the logical next step ...
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News briefs
HOYA enters into JV with China’s Jiangsu Sigo Optical
HOYA Vision Care has announced the signature of a joint venture partnership with Jiangsu Sigo Optical (JSO), a Chinese lens manufacturer based in Danyang. The Japanese group is acquiring 61 percent of JSO’s shares while Liu Jianzhong, founder and CEO of the company, retains the remaining 39 percent. JSO will ...
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ArticleM&A, organic growth, digital and training fuel CECOP Group
Just a few days after CECOP entered the German market through an agreement with Optic Society, we talked with Jean de Contades, global managing director of the fast-growing Spanish-based buying group. Founded in 1982, Optic Society is the second largest buying group in Germany with close to 700 members according ...
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ArticleZEISS invests in liquid crystal tech eyewear start-up
ZEISS Ventures, an entity of the ZEISS Group, has announced that it was the main investor in a new financing round of over €10 million in Morrow Eyewear, a Belgian-based start-up company specializing in autofocal glasses. Other investors included New Science Ventures as well as current shareholders such as imec.xpand, ...
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ArticleJulbo is changing hands
Christophe and Matthieu Beaud, co-owners and respectively CEO and general manager of Julbo, and Peugeot Frères Industries have announced an agreement for the acquisition of a majority share of the family eyewear company by Peugeot Frères Industry. The Beaud family, unrelated to Jules Beaud, the founder of the company ...
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News briefs
Thélios acquires metal working specialist
Thélios has announced the acquisition of Metallart, a company specialized in artisanal metal working, such as shearing and coining, for the eyewear industry. Founded in 1976, the company is based near the LVMH eyewear subsidiary’s factory in Longarone, Italy. Thélios said that the acquisition enabled it to bring in-house specific ...
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ArticleLenskart accelerates in Asia with Owndays’ takeover
Lenskart, the fast-growing Indian retail group, has announced the acquisition of a majority share in Owndays, a Japanese-based DTC eyewear brand with 460 stores and e-commerce operations in 13 Asian countries, Australia and the United Arab Emirates. Lenskart acquired the shares in Owndays from L Catterton, an investment company affiliated ...
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News briefs
Walmart to acquire Memomi Labs
Memomi Labs, a specialist in virtual try-ons through artificial intelligence, deep learning and augmented reality, has entered into a deal for its acquisition by Walmart, which seeks to “deliver integrated, omnichannel healthcare.” According to the huge American retailer, the acquisition should close in the coming weeks. Employees of Memomi will ...
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News briefs
HOYA acquires ophthalmology centers in France
HOYA VISION CARE has acquired Médic’Oeil, a network of ophthalmology practices in France. Founded in 2014, Médic’Oeil currently operates a total of seven centers in different regions where vision care equipment and administrative resources are shared between a number of ophthalmologists. HOYA said the acquisition was aimed at enhancing access ...
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News briefs
CooperVision acquires EnsEyes
CooperVision has acquired EnsEyes, a brand of orthokeratology (ortho-k) and scleral contact lenses in Scandinavia. Terms remain undisclosed, but EnsEyes will henceforth operate within Cooper’s Specialty EyeCare group. Its founder, the optometrist and former CooperVision executive Esben Nørregaard Sørensen, will be staying with the company. Headquartered in Kolding, Denmark, EnsEyes ...
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ArticleRodenstock acquires Indo
The Rodenstock Group has announced that it was acquiring the Spanish lens manufacturer Indo Optical to further accelerate its regional expansion and gain market share. The acquisition is conditioned to the usual regulatory approvals but is expected to go through and be completed in Q3 2022. The Munich-based company, which ...
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News briefs
Essilux completes sale of stores to Bene
EssilorLuxottica and its unit GrandVision have completed the sale of 142 EyeWish stores in the Netherlands and 35 GrandOptical stores in Belgium to the Optic Retail International Group Bene, a member of MPG Austria. The disposal follows the commitments made by EssilorLuxottica with the European Commission to buy GrandVision. The ...
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ArticleEssilux wraps up GrandVision buy-out, changes top management
EssilorLuxottica announced on April 14 the successful completion of its public offer for the GrandVision shares that it did not own yet and the buy-out of the retail group’s remaining shareholders. The Italo-French industry giant now holds 100 percent of GrandVision shares. The finalization of the takeover comes almost three ...
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ArticleEssilorLuxottica to acquire Fedon
Taking another step forward in its vertical integration, EssilorLuxottica has announced its intention to acquire 90.9 percent of the share capital of Giorgio Fedon & Figli, the Italian supplier of eyewear cases and leather goods. The new investment by the Italo-French group is reminiscent of the take-over of Barberini in ...
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News briefs
GV’s planned acquisition of SmartEyes under scrutiny in Sweden
According to the Swedish paper Market, the Swedish Competition Authority has reservations about GrandVision’s acquisition of SmartEyes and has opened a special investigation into its potentially anti-competitive nature. SmartEyes is a national chain of 68 optical shops, with operations in Germany and Denmark as well and headquarters in Gothenburg. It ...
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News briefs
Essilux and CooperVision finalize SightGlass Vision JV
A year after the initial announcement of their partnership, EssilorLuxottica and CooperVision have confirmed the finalization of their joint venture agreement for the development of SightGlass Vision, a new lens in the myopia management segment. During its last results’ presentation, CooperVision said that the two partners were still discussing the ...
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ArticleKering Eyewear to acquire Maui Jim
Kering Eyewear is acquiring Maui Jim, the world’s largest independent brand of high-end sunglasses. The deal is subject to approval by regulators but should be complete by the second half of 2022. Speaking at a press conference this morning, Kering Eyewear’s president and CEO, Roberto Vedovotto, did not wish to ...
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ArticleEssilux closes an acquisition and a divestiture
EssilorLuxottica has recently closed two deals. One is the acquisition of Walman Optical, a network of laboratories operating in the U.S. The other is Vision Group’s acquisition in Italy, from the recently fused Essilux and GrandVision, of VistaSì’s brand and 99 stores and of 75 GrandVision stores. Terms for the ...
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ArticleNetlens.com to be acquired by a multi-segment e-commerce platform
According to the Swedish trade publication Dagens industri, the assets of Netlens.com, an e-retailer of contact lenses and other products sold in pharmacies, are being acquired by Footway Group, the international operator of eight web stores in 24 markets. They are Caliroots, Solestory, Heppo, Brandosa, Belapadel, Runforest, Sportamore (acquired in ...
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News briefsPE firms might be prepping a bid for Boots
According to several financial websites, two private equity firms, Bain Capital and CVC Capital, are making a joint bid to acquire Boots, the U.K.’s largest retailer of beauty products. Another two firms, Apollo Global Management and Fortress Investment Group, might be making bids of their own. Boots’ present owner, the ...
