EssilorLuxottica Targets Online Retailer Brille24.de -Handelsblatt
11 February 2019 - 07:43PM
Dow Jones News
--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
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(END) Dow Jones Newswires
February 11, 2019 03:28 ET (08:28 GMT)
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