Luxottica acquires Alain Mikli
06 Nov. 2012
Luxottica to Acquire Alain MikliTogether with Alain Miklitarian and the London-based luxury investment firm NEO Capital, leading designer, manufacturer and distributor of luxury fashion and sporting eyewear Luxottica Group S.p.A. has announced that they have entered into an exclusivity agreement in which they will acquire 100% of Alain Mikli International.
The French luxury and contemporary eyewear brand Alain Mikli was founded in Paris in 1978 and has since been synonymous with innovative designer eyewear. With its sophisticated and subtly off-beat styles, it is one of the most recognizable players in the eyewear market and reported roughly €60 million in net sales in 2011.
Luxottica CEO Andrea Guerra commented: “This proposed operation perfectly reflects our long-term growth strategy. With its innovative design, Alain Mikli will enrich our luxury eyewear segment and further strengthen our prescription background, in which we’ve deeply invested in the past years in order to contribute to the Group’s resilient growth. Moreover, Luxottica’s vertically integrated business model and deep know-how of luxury eyewear distribution will allow Alain Mikli to increase its select global presence.”
Alain Mikli added: “I’m very excited about this new adventure. I have worked for 35 years pursuing the same idea and the same dream: to please our clients. Working with Luxottica will present a great new opportunity to push the Alain Mikli brand to the next level in distribution, quality and service. Now I can share my passion with many more customers around the world.”
The acquisition remains subject to discussion and to the completion of the consultation process with the Works Council of Alain Mikli.
Maria Cristina Pavarini
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