2012 November 2
Luxottica Acquires Alain Mikli
Getty Images View Gallery
(NEW YORK) In an attempt to further increase Luxottica Group's share of the luxury market, the conglomerate has teamed up with NEO Capital and reached a deal to buy 100% of French brand Alain Mikli International. No financial terms of the deal have been disclosed, given that they remain subject to negotiations and completion of consultation with Alain Mikli's representatives. Mikli has been owned by London-based private equity shop Neo Capital LLP since 2009, along with founder Alain Mikli and CEO Dominique Alba. Mikli's 2011 sales are estimated at $78 million.
Luxottica owns the Ray-Ban and Oakley sunglasses brands, among many others, and it also produces licensed eyewear for brands including Chanel, Prada, and Polo Ralph Lauren. According to Luxottica Chief Executive Andrea Guerra, Luxottica has been considering several acquisitions, and is also contemplating a purchase of Salmoiraghi & Vigano, an Italian eyewear retail group.
Things are in great shape over at dMondaine! The slimming lingerie brand, created by designer Kiana Anvaripour, is designed to enhance women’s curves rather than hide them, while...
Áslaug Magnúsdóttir, co-founder and formerly CEO of Moda Operandi, has left the company...Carissa Rosenberg Tozzi, formerly entertainment director at Seventeen, has been promoted...
Catch them if you Cannes! A second jewelry theft has taken place at Cannes and this time it was a $2.5 million de Grisogono necklace.