Medical Device Companies

Luxottica to Enter Mexican Retail Market Through the Acquisition of Two Sunglass Specialty Chains Totaling More Than 70 Stores

Published in Medical Devices and Surgical Technology Week, March 6th, 2011

2011 MAR 6 -- Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX), a global leader in the design, manufacturing, distribution and sale of fashion, luxury and sports eyewear, announced that it has entered into an agreement pursuant to which it will acquire Stanza and High Tech, two sunglass specialty retail chains totaling more than 70 stores in Mexico.

This transaction marks Luxottica's entry into the sun retail business in Mexico, a country with excellent growth potential and where the Group already has a solid presence through its wholesale division. Over time, the stores will be rebranded under the Sunglass Hut brand, the largest sunglass specialty retailer in...

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Source: Medical Devices and Surgical Technology Week (2011-03-06)

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