Connect with us

Headlines

Luxottica Invests in Japanese Eyewear Maker

mm

Published

on

It bought a 67% stake.

MILAN, ITALY – Luxottica Group S.p.A. has acquired a 67 percent stake in Fukui Megane Co. Ltd, a Japanese company specializing in the production of titanium and solid gold eyewear frames.

Financial terms of the deal were not disclosed.

With the deal, Luxottica establishes itseld in the “production heart of ‘made in Japan’ in the Fukui eyewear district,” according to a press release.

“The acquisition of Fukui Megane represents a first step for the entry of our Group in the world of Japanese production,” said Leonardo Del Vecchio, executive chairman of Luxottica Group. “We intend to continue investing to recreate a productive pole of excellence in Sabae, in line with the Luxottica model. For the first time in the history of eyewear, we will have under the same roof two great artisan schools such as the Italian and the Japanese ones.”

Advertisement

The transaction is subject to customary closing conditions.

SPONSORED VIDEO

Crizal® Sapphire™ HR: Invisible Shield of Protection

Your patients’ main concerns of anti-glare, scratch resistance, and easiness to clean are covered. Crizal Sapphire HR, the latest and most advanced product in the Crizal No-Glare range, is now widely available across lab networks and through all major managed vision care providers. Crizal Sapphire HR is available with Essilor’s advanced lens designs such as Varilux® progressive lenses and Eyezen® enhanced single vision lenses. Click here to learn more. *External laboratory tests and internal technical tests – 2020. Compared to the competitor most known lens-brands by consumers (2019 external brand tracking in 11 countries). The word ’overall’ refers to anti-reflective coatings important criteria, ranked through an external quantitative consumer study – 2019.

Promoted Headlines

Advertisement

Advertisement

Subscribe

INVISIONMAG.COM
BULLETINS

Get the most important news and business ideas for eyecare professionals every weekday from INVISION.

Advertisement

Advertisement

Most Popular