EssilorLuxottica buys Japan’s Washin to magnify its retail presence

MILAN (Tiafx) – Eyewear maker EssilorLuxottica stated on Tuesday it had carried out the acquisition of Washin Optical Co., a Japanese optical retail with spherical 70 relate retail outlets within the country.

“After we leer at Japan, we sight a prolonged runway forward with doubtless for development and enlargement – right here’s what makes it strategic for us,” EssilorLuxottica Chairman and CEO Francesco Milleri stated in a press liberate.

The group added that the acquisition would also aid as a platform to give a boost to the group’s retail presence in Japan.