trending Market Intelligence /marketintelligence/en/news-insights/trending/od9mghu9lIONpwO4wdNSjA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Luxottica to acquire Brazilian eyewear group Óticas Carol

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Corporate Credit Risk Trends in Developing Markets: A Probability of Default Perspective


Luxottica to acquire Brazilian eyewear group Óticas Carol

Italian eyewear company Luxottica Group SpA said Jan. 30 it has agreed to acquire Óticas Carol for a total consideration of €110 million.

Subject to customary regulatory approvals, the deal is expected to conclude in the first half of 2017.

Under the terms of the deal, Luxottica will buy-out all shareholders of the Brazilian eyewear group, which includes its majority shareholders 3i Group plc, Neuberger Berman and Siguler Guff & Co. LP.

The acquisition will allow Luxottica to enter the optical franchise business in Brazil, giving it approximately 950 stores under the Óticas Carol banner.