TITLE

Essilor to Acquire FGX International Holdings for $565 Million

PUB. DATE
January 2010
SOURCE
Vision Monday;1/18/2010, Vol. 24 Issue 1, p010
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the agreement signed by Essilor International to acquire FGX International Holdings Limited, the leading designer of non-prescription reading glasses in the U.S. The deal is valued at about 565 million U.S. dollars and includes the repayment of FGX' net debt of about 100 million U.S. dollars. According to Essilor Chief Executive Officer (CEO) Hubert Sagnieres, the acquisition is in line with the company's strategy of procuring the resources needed to provide a quality offering which covers different eyewear market segments.
ACCESSION #
47726253

 

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