Etnia Barcelona has agreed to acquire Barcelona-based eyewear brand Lool Eyewear.
Financial terms of the deal were not disclosed.
More from Etnia Barcelona’s press release:
In this way, the company reaffirms its growth strategy for the optical eyewear market, growing its portfolio with an eyewear brand that boasts a technological spirit and specialises in lightweight eyewear, while also offering great potential in the field of sustainability.
With this new acquisition, Etnia Barcelona has consolidated its position as a company focused on the optical eyewear market, with the development of both its own brands and the integration of other independent brands.
The firm is enjoying a period of growth and anticipates closing 2021 with global billing of 80 million Euro, that is, growth of 20% with respect to 2019, and 42% growth with respect to 2020.
Advertisement
