All M&A articles – Page 6
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ArticleHans Anders and Eyes + More owner up for sale
According to various reports in the Dutch financial press, which we could confirm with people close to the matter, the optical retail group behind the Hans Anders, Eyes + More and Direkt Optik banners has been put up for sale by 3i, its major shareholder since 2017. In its last ...
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News briefs
OBE acquires Italian components manufacturer
OBE Group, the German-based specialist in hinges, has announced the acquisition of OMM, a supplier of made-in-Italy metal components to high-end eyewear manufacturers. Founded in 1978 and located in the Cadore eyewear cluster in Italy, OMM currently employs 40 people. The acquisition enables OBE to add another production facility to ...
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ArticleEssilorLuxottica acquires Japanese retail chain
EssilorLuxottica is about to deploy its full-scale vertical-integration business model in Japan. We have learned that the Italo-French group has acquired the business of Washin Optical, a Japanese mid-size optical retailer founded in 1951, through its Luxottica Japan subsidiary. The information has not been officially announced by the group yet, ...
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ArticleOpal Demetz acquires Roussilhe
In an agreement aimed at ensuring the longevity of both businesses and at developing French manufacturing, Opal Demetz, an eyewear SME based in Lyon has announced the acquisition of Roussilhe, a smaller French eyewear company with a large portfolio of in-house brands produced at its Oyonnax factory. “Together, we ...
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News briefs
Private equity fund takes over Megane Super owner
Japanese investment fund Nippon Investment Companies has acquired the business of Visionary Holdings, after a successful tender offer at the Tokyo Stock Exchange last month. Visionary Holdings is mostly known for its Megane Super chain of optical stores that boasts over 300 doors in Japan. The company also operates two ...
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ArticleEssilorLuxottica integrates Bliz to sports portfolio
EssilorLuxottica has announced the integration of BLIZ, a brand of sport eyewear, snow goggles and helmets, in its sport portfolio which already includes Oakley and Costa. The brand was previously owned by Future Eyewear, a Swedish-based eyewear company selling and distributing other brands like Dr. Zipe (sport eyewear), Prestige (sunglasses) ...
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News briefs
DAC Technologies acquires 3M’s LEAP III
3M has announced the sale of its LEAP III brand of blocking pads to DAC Technologies, the supplier of equipment and consumables to ophthalmic labs for the surfacing, coating, tinting and finishing of lenses. The transaction is part of a larger exclusive agreement between the companies, through which 3M will ...
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ArticleThélios acquires Barton Perreira
Thélios, the eyewear entity of LVMH, has announced the signature of an agreement to acquire Barton Perreira, the U.S.-based luxury eyewear brand. The acquisition follows only a few weeks after that of Vuarnet, the French high-end sports eyewear brand, underlining the expansion of Thélios’ business into proprietary brands and designer ...
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ArticleIs Marcolin going to change hands?
According to insider information leaked to Bloomberg, PAI Partners, the majority shareholder of Marcolin Group, is looking to sell its stake in the company and has appointed Goldman Sachs to gauge the market’s interest in a deal that would value the eyewear manufacturer at approximately €1.35 billion. The French-based ...
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News briefs
Lenskart completes acquisition of AI-powered analytics tech company
Indian-based retail group Lenskart has fully acquired the business of Tango Eye, a tech company in which it had started to invest in 2020, according to several Indian business news websites. Tango Eye has developed an AI-powered technology that analyzises in-store customer trafic and behavior, including interactions with the shop’s ...
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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 ...
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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. ...
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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 ...
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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, ...
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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 ...
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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 ...
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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, ...
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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 ...
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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, ...
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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 ...
