MyOptique to be acquired by Essilor International

MyOptique, the online prescription glasses, contact lenses and sunglasses retail business, has entered into an agreement to be acquired by ophthalmic optics specialist Essilor International. Following… View Article

GENERAL MERCHANDISE

MyOptique to be acquired by Essilor International

MyOptique, the online prescription glasses, contact lenses and sunglasses retail business, has entered into an agreement to be acquired by ophthalmic optics specialist Essilor International.

Following the transaction, the MyOptique management team will remain in place and will use Essilor International’s capabilities to grow its position in Europe.

With annual revenues of £57 million, MyOptique is a privately held, venture capital backed business. Shareholders include Acton Capital Partners, Beringea, Cipio Partners, Index Ventures, Korys and Highland Capital Europe.

The group operates six online retail brands including Glasses Direct, Sunglasses Shop, LensOn, Lensbest, Eyewearbrands and Netzoptiker.

Kevin Cornils, chief executive of MyOptique, said: “This transaction represents a major milestone for the MyOptique Group. Our new ownership provides a tremendous platform from which to continue to build a very successful business on our proven multi-category, multi-brand model. My management team and I are delighted by the opportunity afforded from becoming part of the Essilor family.”

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