EssilorLuxottica Targets Online Retailer Brille24.de -Handelsblatt

Date : 02/11/2019 @ 8:43AM
Source : Dow Jones News
Stock : EssilorLuxottica (ESLOY)
Quote : 59.67  -1.04 (-1.71%) @ 9:12PM
EssilorLuxottica share price Chart

EssilorLuxottica Targets Online Retailer Brille24.de -Handelsblatt

EssilorLuxottica (USOTC:ESLOY)
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--EssilorLuxottica plans to acquire Brille24.de, a German online eyewear retailer, in the second quarter of this year, Handelsblatt reports, citing sources.

--The price lies in the mid-double-digit million range, according to the newspaper.

--The majority of Brille24.de is owned by venture capital investors Time for Growth and VCDE, with the remainder held by a number of smaller investors, Handelsblatt says.

--Revenue figures for Brille24.de aren't available, but in early 2018 the chief executive said last year's sales target was 30 million euros ($34 million), the paper says.

 

Full story: https://bit.ly/2TOgZpX

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

February 11, 2019 03:28 ET (08:28 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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