All M&A articles – Page 8
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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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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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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 ...
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News briefs
L’amy Luxe acquires Von Arkel
Group L’amy Luxe, the French eyewear maker that had been saved from bankruptcy proceedings by the International Luxury Group and MadaLuxe at the end of last year, just announced the acquisition of the Swiss brand of luxury eyewear Von Arkel. Founded in 2015, Von Arkel develops and distributes eyeglasses and ...
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ArticleJimmy Fairly to boost international business under new ownership
The vertically integrated French eyewear brand Jimmy Fairly is changing hands after its founders, Antonin Chartier and Sacha Bostoni, and the investment fund Experienced Capital, their main financial partner since 2017, agreed to sell a majority stake of the company to the HLD investment fund. Experienced Capital will exit the ...
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ArticleKering Eyewear acquires Lindberg
Kering Eyewear, an entity of the French luxury group Kering, announced on July 8 the acquisition from the Lindberg family of 100 percent of the share capital of LINDBERG, the Danish-based independent eyewear company. The details of the transaction, which is expected to complete later this year after regulatory clearance, ...
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ArticleEssilux to close GV acquisition
EssilorLuxottica announced yesterday that its board of directors has approved the completion of the acquisition of HAL’s 76.72 percent stake in GrandVision at the price of €28.42 per share that was initially agreed on July 2019. The announcement was followed by a very short statement by GrandVision, in which the ...
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ArticleEssilux free to terminate GV deal following arbitral decision
Just half an hour apart, EssilorLuxottica and GrandVision both announced yesterday evening that the arbitration proceedings between them ended with a decision favorable to the Italo-French group. The arbitral tribunal declared by majority that GrandVision had breached its obligations under the Support Agreement for the sale of ...
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News briefs
CooperVision acquires No7 Contact Lenses
Following a multi-year partnership with No7 Contact Lenses, CooperVision announced on April 27 the acquisition of the U.K.-based contact lenses’ specialist for an undisclosed amount. The company will be integrated in the CooperVision Specialty EyeCare group. CooperVision said that the acquisition would allow the group to offer more of its ...
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Essilor to complete Lenstec’s takeover
The Essilor Group in the U.K. announced a few days ago the completion of the acquisition of the Lenstec Optical Group, in which it had taken a minority shareholding through Shamir in 2016. Lenstec operates three sites in the U.K. and reported annual revenues of £22 million (€25m-$31m) in 2019. ...
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Article
ECOO, ZVA criticize EU decision in Essilux-GV case
The European Council of Optometry and Optics (ECOO), the Brussels-based umbrella association, and the Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists, both released official statements at the end of last month criticizing the terms of the European Commission’s clearance of the takeover of GrandVision ...
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News briefs
Chile conditionally approves Essilux-GV transaction
GrandVision announced yesterday that Fiscalía Nacional Económica, the market regulator for Chile, just approved the transaction agreed with EssilorLuxottica in July 2019, following the steps of Brazil, Colombia, Mexico, the U.S., and most recently the European Union. This decision leaves Turkey as the only country where the transaction is still ...
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News briefs
Essilux acquires Walman in the U.S.
After having put business acquisitions on hold last year as cost control became a priority in a Covid-19 market environment, EssilorLuxottica is back on the external growth track with the acquisition of Walman in the U.S., which was announced yesterday. Created in 1915 and based in Minneapolis, Walman presents itself ...
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Article
New owner for Rodenstock
Apax Partners, a private equity firm based in the U.K., has agreed to acquire Rodenstock from Compass Partners, another investment fund and the majority shareholder of the German brand of high-end lenses and frames since February 2016. Financial details of the transaction have not been disclosed. It is subject to ...
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ArticleEU green light for Essilux-GrandVision merger
Putting a final point to an investigation started in December 2019, the European Union (EU) announced yesterday evening its conditional clearance for the acquisition of GrandVision by EssilorLuxottica. The green light is conditioned to the divestment, proposed by EssilorLuxottica, of a total of 351 stores in Belgium, Italy and the ...
