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New Deal


Announced

Completed

EssilorLuxottica and GrandVision completed the acquisiton of 142 EyeWish stores and 35 GrandOptical stores from ORIG BENE and MPG.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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optical store

Friendly

Netherlands

Private

Specialty Retailers

Majority

Acquisition

Belgium

Completed

Cross Border

Synopsis

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Optical equipment manufacturers EssilorLuxottica and GrandVision completed the acquisiton of 142 EyeWish stores and 35 GrandOptical stores from optical companies ORIG BENE and Michael Pachleitner Group. Financial terms were not disclosed. This follows the commitments agreed upon with the European Commission on 23 March 2021, as part of the acquisition of GrandVision by EssilorLuxottica. The agreement between EssilorLuxottica, GrandVision and MPG also provides for transitional agreements to support the business continuity of the divested perimeters following the implementation of the transaction.

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