M&A Deal Summary

GrandVision Acquires Tide Ti

On December 23, 2010, GrandVision acquired retailer Tide Ti from Safilo Group

Acquisition Highlights
  • This is GrandVision’s 1st transaction in the Retail sector.
  • This is GrandVision’s 1st transaction in Mexico.

M&A Deal Summary

Date 2010-12-23
Target Tide Ti
Sector Retail
Buyer(s) GrandVision
Sellers(s) Safilo Group
Deal Type Divestiture

Target

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).

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Buyer(S) 1

Buyer

GrandVision

Schiphol, Netherlands

Category Company
Founded 1891
Sector Retail
Employees32,609
Revenue 3.5B EUR (2020)
DESCRIPTION

GrandVision is a provider in optical retailing and delivers high quality and affordable eye care to more and more customers around the world. GrandVision includes a wide range of services provided by its vision experts, prescription glasses including frames and lenses, contact lenses and contact lens care products, and sunglasses both plain and with prescription lenses. GrandVision was incorporated in 1891 and is based in Schiphol, the Netherlands.


DEAL STATS #
Overall 1 of 11
Sector: Retail M&A 1 of 9
Type: Divestiture M&A Deals 1 of 1
Country: Mexico M&A 1 of 2
Year: 2010 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-27 Lafam S.A.S.

Bogota, Colombia

LAFAM S.A.S is located in Bogota and operates 38 stores including 3 laser clinics under the Lafam Vision Center name. The company has approximately 160 employees and reported a net revenue of 19 Billions COP (7.5 Mio Euros) in 2009.

Buy -

Seller(S) 1

SELLER

Safilo Group

Padua, Italy

Category Company
Founded 1878
Sector Consumer Products
Employees3,828
Revenue 993M EUR (2024)
DESCRIPTION

Safilo Group is a fully integrated Italian eyewear creator and worldwide distributor of sunglasses, optical frames, and sports eyewear. The group'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 1 of 1
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Mexico M&A 1 of 1
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-05 Just Spectacles Pty

Perth, Australia

Just Spectacles, with headquarters in Perth, counts 44 stores (12 of which in franchising) located mainly in the Western and Southern territories of Australia.

Buy AU$21M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-17 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.

Buy €65M