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EssilorLuxottica buys Japan's Washin to expand its retail presence

Published 04/09/2024, 04:39 AM
Updated 04/09/2024, 04:45 AM
© Reuters. FILE PHOTO: Glasses manufactured by EssilorLuxottica, stand on display in their exhibition space at SILMO in Villepinte, near Paris, France September 24, 2022. REUTERS/Benoit Tessier/File Photo

MILAN (Reuters) -Eyewear maker EssilorLuxottica said on Tuesday it had completed the acquisition of Washin Optical Co., a Japanese optical retail with around 70 direct stores in the country.

"When we look at Japan, we see a long runway ahead with potential for growth and expansion – this is what makes it strategic for us," EssilorLuxottica Chairman and CEO Francesco Milleri said in a statement.

The group added that the acquisition would also serve as a platform to strengthen the group's retail presence in Japan.

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