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M&A Deal Summary

Luxottica Group Acquires Persol

On April 17, 1995, Luxottica Group acquired consumer products company Persol

Acquisition Highlights
  • This is Luxottica Group’s 1st transaction in the Consumer Products sector.
  • This is Luxottica Group’s 1st transaction in Italy.

M&A Deal Summary
Date 1995-04-17
Target Persol
Sector Consumer Products
Buyer(s) Luxottica Group
Deal Type Add-on Acquisition

Target

Persol

Turin, Italy
Persol S.p.A., founded in Turin in 1917, is a producer of high quality, trendsetting sunwear and ophthalmic frames in the premium- priced segment of the optical market.

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Buyer(S) 1

Buyer

Luxottica Group

Milan, Italy
Category Company
Founded 1961
Sector Consumer Products
Employees79,000
Revenue 8.8B EUR (2015)
DESCRIPTION
Luxottica's North American headquarters in Mason, Ohio.
Luxottica's North American headquarters in Mason, Ohio.

Luxottica is a global producer, distributor, and retailer of sun and prescription eyewear. Luxottica Group S.p.A. was formed in 1961 and is based in Milan, Italy.

DEAL STATS #
Overall 2 of 13
Sector (Consumer Products) 1 of 7
Type (Add-on Acquisition) 2 of 10
Country (Italy) 1 of 1
Year (1995) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-04-17 United States Shoe

Cincinnati, Ohio, United States

United States Shoe Corporation manufactures, imports and sells a variety of shoe brands as well as operates Lens Crafters optical stores and women's retail clothing stores, including Casual Corner, Petite Sophisticate, and August Max Woman speciality shops.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-29 Bausch & Lomb - Sunglass Business

Bridgewater, New Jersey, United States

Bausch & Lomb's sunglass business includes the Ray Ban, Arnette, Revo and Killer Loop brands.

Buy $640M
Mergr

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