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  5. Safilo Group Acquires Grupo Sunglass Island

M&A Deal Summary

Safilo Group Acquires Grupo Sunglass Island

On February 5, 2008, Safilo Group acquired retailer Grupo Sunglass Island for 15M EUR

Acquisition Highlights
  • This is Safilo Group’s 2nd transaction in the Retail sector.
  • This is Safilo Group’s largest (disclosed) transaction.
  • This is Safilo Group’s 1st transaction in Mexico.

M&A Deal Summary
Date 2008-02-05
Target Grupo Sunglass Island
Sector Retail
Buyer(s) Safilo Group
Deal Type Add-on Acquisition
Deal Value 15M EUR

Target

Grupo Sunglass Island

Cancun, Mexico
The Mexican retail chain Sunglass Island manages 38 Sunglass Island stores and 7 Island Optica stores, two of the main luxury brands in the prescription frames and sunglass market. The 45 stores, all situated in highly prestigious locations and with a high level of products and customer service, are today present in the country's principal tourist cities from Cancun to Playa del Carmen, Acapulco to Los Cabos.

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Buyer(S) 1

Buyer

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 2 of 5
Sector: Retail M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Mexico M&A 1 of 1
Year: 2008 M&A 2 of 2
Size (of disclosed) 1 of 3
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
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).

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