Luxottica acquires 36% of Italian chain

november 30, 2012

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The Italian optical market is still dominated by independent opticians. Salmoiraghi & Viganò is an exception to this rule with about 500 stores and net sales of approximately 170 million euro. This week Luxottica announced the acquisition of 36% of the shares with the right to buy all other shares from 2017. For the time being the management of Salmoiraghi & Viganò remains in charge. The new capital will be used to reorganize the financial position of the group and secure future growth. Especially in the Italian market this is a remarkable transaction.

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