Luxottica executes Alain Mikli purchase agreement

30 Nov 2012 - 06:00 PM

Milan (Italy), November 30, 2012 – Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX), a leader in the design, manufacture and distribution of fashion, luxury and sports eyewear, announced the signing of a purchase agreement to acquire 100% of Alain Mikli International, a French luxury and contemporary eyewear company. The execution of the agreement follows the positive outcome of the consultation process with the Alain Mikli Works Council.

The transaction, with an enterprise value of approximately Euro 90 million, was previously announced on November 2, 2012. As a result of this acquisition, Luxottica will significantly strengthen its luxury brand portfolio.

Last updated: Dec 30 2013