Announced
Synopsis
EssilorLuxottica, an Italian-French vertically integrated multinational corporation, agreed to acquire Optical Investment Group, a retailer of optical eyecare and eyewear products, from Innova/6, a private equity firm. Financial terms were not disclosed. “We are pleased to welcome Optical Investment Group into our network, a well-established player in the Romanian optical market with an experienced management team and a deep knowledge of the local dynamics. Allowing us to further grow our retail presence in the CEE region, this acquisition supports our objective to elevate the Romanian market and expand access to high quality vision care for the benefit of all our stakeholders,” Francesco Milleri, EssilorLuxottica Chairman and Chief Executive Officer.
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