Luxottica executes Alain Mikli purchase agreement

Luxottica Group S.p.A. announced earlier in November

the signing of a purchase agreement to acquire 100 percent of Alain Mikli International, a French luxury and contemporary eyewear company.

The execution of the agreement follows the positive outcome of the consultation process with the Alain Mikli Works Council.

The transaction, with an enterprise value of approximately Euro 90 million, will significantly strengthen Luxottica´s luxury brand portfolio.

In 2011 Alain Mikli posted net sales of about 60 million euros.