Luxottica To Absorb Upscale French Eyewear Co. Alain Mikli

Law360, New York (November 2, 2012, 4:02 PM EDT) -- Italy’s Luxottica Group SpA, the eyewear maker behind the Ray-Ban and Oakley brands, will swallow up private equity-backed French rival Alain Mikli International SA to flesh out its brand portfolio, the buyer said Friday.

In the deal, Luxottica will assume full ownership over the company, lifting stakes from U.K. private equity group Neo Capital LLP and its namesake designer-founder. Financial terms of the deal were not disclosed, but Luxottica noted that Alain Mikli posted roughly €60 million ($77 million) in sales for last year.

The transaction...
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