Luxottica Group acquires Brazilian Oticas Carol

Having gained the approval of CADE, the Brazilian anti-trust authority, Luxottica Group has acquired 100% of Óticas Carol, one of the biggest retail opticians franchises in Brazil, with 990 shops.

The transaction required an investment of 110 million euro, and has enabled the Veneto eyewear major to enter the Brazilian retail market with its enormous potential for growth in the eyewear sector, where the Group has been present for 25 years with its Sunglass Hut and Oakley brands, a large wholesale network and a factory at Campinas.

Established in 1997, with annual turnover of around 200 million euro, in recent years the Óticas Carol chain has grown strongly with reinforced management and an increased number of outlets.