Eyewear retail mergers and acquisitions are on the rise See if you have a chance
Eyewear retail mergers and acquisitions are on the rise See if you have a chance
Luxottica acquires Italian eyewear retailer Salmoiraghi & Viganò,
Essilor acquires 50% of the shares of Hong Kong Photosynthesis Group (the parent company of Mujiu0), and 140 million euros Essilor acquires MyOptique, a European eyewear e-commerce company...... 2016
Eyewear retail mergers and acquisitions are booming and see if you have a chance.
Luxottica acquires Italian eyewear retailerItalian eyewear giant Luxottica acquires the remaining shares of Italian eyewear retailer Salmoiraghi & Viganò held by the Tabacchi family,
It now holds the entire stake in Salmoiraghi & Viganò.
Luxottica acquired a 36% stake in Salmoiraghi & Viganò in November 2012.
In a press release this week, it was announced that it exercised its option to purchase the remaining 63.2% of the shares of Salmoiraghi & Viganò.
Luxottica said the deal will be finalized in the first quarter of 2017,
However, the exact amount of the transaction was not disclosed.
The acquisition is based on an agreement signed in 2012 between Luxottica and Salmoiraghi & Viganò.
At that time, Luxottica bought a 36% stake in the retailer through Fenix for $45 million.
Founded by Leonardo Del Vecchio, Luxottica has licenses from well-known brands such as Ray-Ban and Persol, as well as a range of major fashion brands.
Including Chanel and Armani.
The overall acquisition of Salmoiraghi & Viganò will further enhance Luxottica's position in the European eyewear industry.
Salmoiraghi & Viganò was founded in 1974 as a result of the merger of two long-established retailers, founded by Angelo Salmoiraghi and Angelo Viganò.
Its owner has been entrepreneur Dino Tabacchi since 2002.
Salmoiraghi & Viganò chain stores all over Italy,
The company has 450 stores with sales of 190 million euros.
Essilor Essilor 1.665 aspheric dual-effect protection custom sheet anti-blue light double-sided ultraviolet protection Essilor acquires 50% stake in Hong Kong Photosynthesis Group According to the announcement on Essilor France's official website on November 22:
Essilus has established a partnership with a 50% stake in the Hong Kong Photosynthesis Group.
Photosynthesis Group has a number of brands, mainly selling sunglasses and optical glasses,
Among them, Mu Jiu Shi is one of its brands.
The group mainly opens stores in shopping malls in China on a franchise model.
And the first step of internationalization in the southeast.
This partnership is a "reinforcement" for the development of Essiloid Group in China.
While strengthening business development, it also fills the gap in the field of sunglasses.
Essilor acquires European eyewear e-commerce company MyOptique for 140 million euros According to people familiar with the matter,
MyOptique, a European eyewear retailer, has been acquired by French lens maker Essilor International
The transaction is worth about 140 million euros (about $158 million), but this figure has not been officially confirmed.
With this transaction, MyOptique will be able to leverage Essilor's global supply chain.
Carry out business operations and expand the scale of the company's business.
At the same time, Essilor will also promote its online business in the Central European market through this acquisition.
Better create a "multi-category and multi-brand model".
Founded in 2005, MyOptique is committed to providing users with a comprehensive range of eyewear products.
The business scope includes several brands of contact lenses, sunglasses and high-end eyewear
It operates websites such as Glasses Direct, SunGlasses Shop in the UK, and Lensbest in Germany.
In the 11 years since its founding, the company has raised a total of ￡55 million (approximately $71 million).
Annual revenues amounted to ￡56 million (approximately $72 million).
Fergal Mullen, co-founder of Highland Europe, said,
From the beginning of the investment in MyOptique in 2007 to the time the company has grown to a meaningful scale,
It did take more time than he expected.
But at the same time, he also admits that eyewear retail is a difficult e-commerce module to operate.
Because it is not only a question of whether the appearance of fashion elements and frame structure is suitable
It also relies on prescribing preparations such as optometry.
Fergal noted:
"It's like that's true of all e-commerce,
You have to scale up your business and achieve profitability per unit before anyone else can smell the opportunity.
MyOptique has created a pan-European business model with a diverse range of products. ”
After this acquisition, MyOptique's management staff will remain unchanged.
The company will continue to maintain the existing brand name.
This article is from Glasses World 8, slightly modified,
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