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M&A Deal Summary

Luxottica Group Acquires United States Shoe

On April 17, 1995, Luxottica Group acquired retailer United States Shoe for 1.4B USD

Acquisition Highlights
  • This is Luxottica Group’s 1st transaction in the Retail sector.
  • This is Luxottica Group’s 2nd largest (disclosed) transaction.
  • This is Luxottica Group’s 1st transaction in the United States.
  • This is Luxottica Group’s 1st transaction in Ohio.

M&A Deal Summary
Date 1995-04-17
Target United States Shoe
Sector Retail
Buyer(s) Luxottica Group
Deal Type Add-on Acquisition
Deal Value 1.4B USD

Target

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.

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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: Retail M&A 1 of 6
Type: Add-on Acquisition M&A Deals 2 of 10
State: Ohio M&A 1 of 3
Country: United States M&A 1 of 5
Year: 1995 M&A 2 of 2
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-04-17 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.

Buy -
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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