Essilor Acquires MyOptique Group
Tuesday, August 16 2016 | 00 h 00 min | Acquisitions, Press Release
Charenton-le-Pont, France – Essilor has entered into a definitive agreement to acquire MyOptique Group Ltd., a leading European online prescription glasses, contact lenses and sunglasses business.
The transaction is consistent with Essilor’s mission to “improve lives by improving sight”. Essilor’s online business helps to raise awareness among an ever-growing community of consumers about the importance of protecting and correcting their eyesight. It also facilitates access to high-quality optical products that improve visual health, thus benefiting all industry players.
Based in the United Kingdom, MyOptique Group reported £57 million in revenue in the year ended April 30, 2016. The company’s unique value proposition is built around a successful multi-category, multi-brand model, which is being deployed through a number of local websites, such as Glasses Direct (prescription glasses) and SunglassesShop (non-prescription sunglasses) in the UK, Lensbest (contact lenses) in Germany and LensOn (contact lenses) mainly in the Nordic countries.
The acquisition will enable Essilor to broaden its online footprint to Central Europe and to enhance its capabilities in successful multi-category, multi-brand models. MyOptique Group’s key management team will remain in place.
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