News & Scoops
2012 November 2
Luxottica Acquires Alain Mikli
(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.
ASHLEY TSCHUDIN
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