All M&A articles – Page 7
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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 ...
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News briefs
Luz and Optalor buying groups merge
The trade journal Acuité reports that Luz and Optalor have joined forces. Together, the two French buying groups boast 2,100 points of sale and some €200 million (taxes excluded) in purchases. Optalor is in fact being absorbed into Luz, which will be handling negotiations and purchases, although for the next ...
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News briefs
Advancing Eyecare buys Santinelli International
Advancing Eyecare has acquired Santinelli International, a supplier of optical finishing equipment. The deal was concluded in December, but terms have not been disclosed. Advancing Eyecare is owned by Atlantic Street Capital (ASC), operates in North America and includes the Lombart Instrument, Marco Ophthalmic, Innova Medical and S4Optik brands. Santinelli ...
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ArticleMPG doubles down in retail, taking over 177 Essilux shops
Just a few days after the announcement of an agreement with the Vision Group for the takeover of 174 of their Italian stores, EssilorLuxottica and GrandVision have announced that they have found an acquirer for 177 of their retail locations in the Benelux. Both divestments had been agreed with the ...
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News briefs
Inspecs buys Ego Eyewear
Following the recent aquisition of BoDe Design, Inspecs has announed it would also acquire Ego Eyewear, a Swedish company developing licensed eyewear for such fashion brands as Barbour, Liberty of London, Viktor & Rolf, Lyle & Scott, Henry Lloyd, Joseph, Ivana Helsinki, Valerie and Day. According to Inspecs’ CEO, Robin ...
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ArticleOcuco invests in myopia treatment IT company
Ocuco – the software producer for optometrists, ophthalmologists, optical offices and optical labs – has purchased a minority share in Ocumetra, an IT firm that produces nine clinical tools for the treatment of myopia. Chief among these is a numerical and graphical suite called Refractogram, with interactive ocular growth charts, ...
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News briefs
Essilux concludes public offer for GrandVision shares
EssilorLuxottica has announced the expiration of the post-acceptance period of the group’s public offer for outstanding shares of GrandVision. At the end of the process, the company owns 99.84 percent of the Dutch-based retail group’s capital. EssilorLuxottica will now initiate statutory buy-out proceedings in order to obtain 100 percent of ...
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News briefs
French investment fund takes majority share in Seaport ODLM
B & Capital, a French investment fund specializing on small and medium-sized business, has announced its acquisition of a majority stake in Seaport ODLM, the French eyewear company, following the retirement of Guy Azoulay, one of the two co-founders. Francis Kessous remains a shareholder and president of the group’s companies. ...
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ArticleEssilorLuxottica divests shops in Italy, invests in Sweden
EssilorLuxottica and its retail subsidiary GrandVision announced on Dec. 17 that they have found an agreement for Vision Group to acquire their VistaSi chain in Italy, including the brand and 99 stores, as well as 75 GrandVision stores in the country. The financial terms of the transaction were not disclosed. ...
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ArticleLVMH takes full control of Thélios
LVMH and Marcolin have announced in a short common statement last Friday the end of their joint venture partnership in Thélios, with the French luxury group purchasing the 49 percent share of Marcolin in the company. No financial details were disclosed. LVMH, which becomes the sole owner of Thélios, said ...
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News briefs
Inspecs acquires BoDe Design
Inspecs, the U.K.-based eyewear and lenses company, has announced the acquisition of BoDe Design Vertriebs, a distributor of eyeglasses and sunglasses in the German speaking countries and the Netherlands. Founded in 1993, BoDe has been essentially distributing Inspecs’ portfolio brands such as Superdry, O’Neill or Botaniq, along with its house ...
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News briefs
EssilorLuxottica share in GrandVision rises to 99.73%
EssilorLuxottica announced on Dec. 6 the results of its mandatory public offer for the remaining GrandVision’s share, following the expiry last Friday of the acceptance period started last Oct. 8. During the process, the Italo-French group acquired an additional 33.2 million shares in the Dutch-based retail group at €28.42 each ...
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News briefs
New Look Vision Group acquires Luxury Optical Holdings
The Canadian-based New Look Vision Group has announced the acquisition of Luxury Optical Holdings (LOH), further expanding its retail footprint in the U.S. luxury eyewear segment after the takeover of Edward Beiner in 2020 and the previously announced partnership with Black Optical earlier this year. The amount of the transaction ...
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News briefs
Hilco acquires Simovision
Hilco Vision, the U.S. supplier of vision care products and solutions, has announced the acquisition of Simovision, a Belgium and Netherlands-based company specializing on the distribution of ophthalmic products, including consumables and equipment for retractive, cataract and retina surgery and dry eye patients. Hilco Vision commented that, while ophthalmic products ...
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ArticleEssilux launches mandatory public offer for GrandVision shares
EssilorLuxottica and GrandVision jointly announced on Oct. 7 the launch of the recommended mandatory public offer for the purchase by the Italio-French group of all remaining shares in the Dutch retail group’s capital. As already communicated a few weeks ago, the price of the mandatory offer is set at €28.42 ...
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Article1-800 Contacts acquires virtual try-on specialist
1-800 Contacts, the U.S. contact lens specialist, has acquired Ditto, a firm also headquartered in the U.S. that provides virtual try-on systems for eyewear brands and eyewear retailers on- and offline, Vision Monday reports. The terms of the deal, which closed on Aug. 27, 2021, remain under seal, but a ...
