M&A Deal Summary

Safilo Group Acquires StyleMark - Polaroid Eyewear Business

On November 17, 2011, Safilo Group acquired consumer products company StyleMark - Polaroid Eyewear Business from StyleMark for 65M EUR

Acquisition Highlights
  • This is Safilo Group’s 1st transaction in the Consumer Products sector.
  • This is Safilo Group’s largest (disclosed) transaction.
  • This is Safilo Group’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2011-11-17
Target StyleMark - Polaroid Eyewear Business
Sector Consumer Products
Buyer(s) Safilo Group
Sellers(s) StyleMark
Deal Type Divestiture
Deal Value 65M EUR

Target

StyleMark - Polaroid Eyewear Business

Switzerland
Polaroid Eyewear business is a manufacturer and distributor of optics and lens technology global eyewear , with a strong and recognizable market positioning. The Polaroid Eyewear business has offices in the UK, Switzerland, the US, Italy, Sweden, Netherlands, China and Russia as well as a comprehensive network of distribution partners around the world.

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Buyer(S) 1

Buyer

Safilo Group

Padua, Italy

website

Category Company
Founded 1878
Sector Apparel/Textiles
Employees5,086
Revenue 1.1B EUR (2022)
DESCRIPTION

Safilo Group is a fully integrated Italian eyewear creator and worldwide distributor of quality and trust, leader in the premium sector for sunglasses, optical frames and sports eyewear. Design inspired and brand driven, Safilo translates extraordinary design into excellent products created thanks to a superior craftsmanship expertise dating back to 1878. Safilo’s portfolio encompasses proprietary brands – Carrera, Polaroid, Smith, Safilo and Oxydo – and licensed brands Dior, Fendi, Gucci, Banana Republic, Bobbi Brown, BOSS, BOSS Orange, Céline, Fossil, Givenchy, J.Lo by Jennifer Lopez, Jack Spade, Jimmy Choo, Juicy Couture, Kate Spade, Liz Claiborne, Marc Jacobs, Marc by Marc Jacobs, Max Mara, Max&Co., Pierre Cardin, Saks Fifth Avenue and Tommy Hilfiger. Safilo Group was founded in 1878 and is based in Padua, Italy.

DEAL STATS #
Overall 3 of 5
Sector (Consumer Products) 1 of 2
Type (Divestiture) 1 of 1
Country (Switzerland) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-23 Tide Ti

Cancun, Mexico

Tide Ti is located in Cancun, Mexico, and operates 57 stores under the Sunglass Island and Optical Island brands. The company has approximately 370 employees and reported 2009 net revenues of MXN 322 million (€ 20 million).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-09 Blenders Eyewear

San Diego, California, United States

Blenders Eyewear LLC produces a wide range of men’s and women’s sunglasses and snow goggles. Blenders Eyewear was founded in 2012 and is based in San Diego, California.

Buy -

Seller(S) 1

SELLER

StyleMark

Zurich, Switzerland
Category Company
Sector Consumer Products
DESCRIPTION

StyleMark GmbH is a manufacturer, and marketer of sunglasses and components. The company is based in Zurich, Switzerland.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
Country (Switzerland) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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