(2/8/2010) Luxottica Group SpA acquires local partners’ 35% shareholding in Luxottica Turkey.
Ventura Partners acted as exclusive financial advisor to Luxottica Turkey on the transaction.
Luxottica Group SpA, the leading global eyewear group acquired local partners’ 35% shareholding in Luxottica Gozluk Endustri ve Ticaret Anonim Sirketi. Ventura Partners acted as exclusive financial advisor to the local partners of Luxottica Turkey on the transaction.
Luxottica Group SpA, the listed Italian eyewear group, operates in the three areas of eyewear business; production, wholesale and retail. Luxottica posted turnover of €5.1 bn in 2009. The company owns eyewear brands like Ray-Ban, Oakley, Persol and Vogue Eyewear. Luxottica’s license brands include Prada, Chanel, Burberry and Bvlgari and etc. The company has six production plants in Italy, two in China and one in the US. In the wholesale area, Luxottica has presence in 130 countries and owns 30 distribution companies; in the retail, it has over 6,250 shops.
Ventura Partners, based in Istanbul-Turkey, is one of the leading M&A advisory boutiques providing corporate finance services in a broad range of sectors.