Luxottica Finalizes Alain Mikli Purchase Agreement

MILAN— Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX) announced last Friday afternoon the signing of a purchase agreement to acquire 100 percent of Alain Mikli International.

The news of the pending transaction, with an enterprise value of approximately €90 million, was previously announced on Nov. 2nd as reported by VMail.

The execution of the agreement follows the positive outcome of the consultation process with the Alain Mikli Works Council, Luxottica said, adding that as a result of the acquisition, the company “will significantly strengthen its luxury brand portfolio.”