Opal becomes a bigger player in the French market for children's eyewear ? perhaps even the biggest one in Europe ? through its acquisition of the four children's and teenager's licenses of Simop, another company based in Lyon. The brands are Catimini, Daniel Hechter, Oxbow and Tartine & Chocolat.
For its part, Simop has decided to concentrate on its core business in ophthalmic lenses, which already represented two-thirds of its turnover of €10 million last year. It has bought new digital free-form lens processing equipment intended to double its sales of progressive lenses.
With sales projected to reach €18 million this year, of which €4 million will stem from its new licenses, Opal will instead get two-thirds of its own revenues from the sale of children's eyewear. The company already sells five other brands in this segment: Dora the Explorer, Diego, Hello Kitty, Lulu Castagnette, New York Yankees and Titeuf.
Most of Opal's sales are on the French market, but it would like to have a stronger presence abroad.