All M&A articles – Page 4
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News briefs
Thélios acquires metal working specialist
Thélios has announced the acquisition of Metallart, a company specialized in artisanal metal working, such as shearing and coining, for the eyewear industry. Founded in 1976, the company is based near the LVMH eyewear subsidiary’s factory in Longarone, Italy. Thélios said that the acquisition enabled it to bring in-house specific ...
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Article
Lenskart accelerates in Asia with Owndays’ takeover
Lenskart, the fast-growing Indian retail group, has announced the acquisition of a majority share in Owndays, a Japanese-based DTC eyewear brand with 460 stores and e-commerce operations in 13 Asian countries, Australia and the United Arab Emirates. Lenskart acquired the shares in Owndays from L Catterton, an investment company affiliated ...
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News briefs
Walmart to acquire Memomi Labs
Memomi Labs, a specialist in virtual try-ons through artificial intelligence, deep learning and augmented reality, has entered into a deal for its acquisition by Walmart, which seeks to “deliver integrated, omnichannel healthcare.” According to the huge American retailer, the acquisition should close in the coming weeks. Employees of Memomi will ...
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News briefs
HOYA acquires ophthalmology centers in France
HOYA VISION CARE has acquired Médic’Oeil, a network of ophthalmology practices in France. Founded in 2014, Médic’Oeil currently operates a total of seven centers in different regions where vision care equipment and administrative resources are shared between a number of ophthalmologists. HOYA said the acquisition was aimed at enhancing access ...
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News briefs
CooperVision acquires EnsEyes
CooperVision has acquired EnsEyes, a brand of orthokeratology (ortho-k) and scleral contact lenses in Scandinavia. Terms remain undisclosed, but EnsEyes will henceforth operate within Cooper’s Specialty EyeCare group. Its founder, the optometrist and former CooperVision executive Esben Nørregaard Sørensen, will be staying with the company. Headquartered in Kolding, Denmark, EnsEyes ...
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Article
Rodenstock acquires Indo
The Rodenstock Group has announced that it was acquiring the Spanish lens manufacturer Indo Optical to further accelerate its regional expansion and gain market share. The acquisition is conditioned to the usual regulatory approvals but is expected to go through and be completed in Q3 2022. The Munich-based company, which ...
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News briefs
Essilux completes sale of stores to Bene
EssilorLuxottica and its unit GrandVision have completed the sale of 142 EyeWish stores in the Netherlands and 35 GrandOptical stores in Belgium to the Optic Retail International Group Bene, a member of MPG Austria. The disposal follows the commitments made by EssilorLuxottica with the European Commission to buy GrandVision. The ...
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Essilux wraps up GrandVision buy-out, changes top management
EssilorLuxottica announced on April 14 the successful completion of its public offer for the GrandVision shares that it did not own yet and the buy-out of the retail group’s remaining shareholders. The Italo-French industry giant now holds 100 percent of GrandVision shares. The finalization of the takeover comes almost three ...
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EssilorLuxottica to acquire Fedon
Taking another step forward in its vertical integration, EssilorLuxottica has announced its intention to acquire 90.9 percent of the share capital of Giorgio Fedon & Figli, the Italian supplier of eyewear cases and leather goods. The new investment by the Italo-French group is reminiscent of the take-over of Barberini in ...
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News briefs
GV’s planned acquisition of SmartEyes under scrutiny in Sweden
According to the Swedish paper Market, the Swedish Competition Authority has reservations about GrandVision’s acquisition of SmartEyes and has opened a special investigation into its potentially anti-competitive nature. SmartEyes is a national chain of 68 optical shops, with operations in Germany and Denmark as well and headquarters in Gothenburg. It ...
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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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Article
Kering 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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Article
Essilux 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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Article
Netlens.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 briefs
PE 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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Article
MPG 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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Ocuco 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, ...