Folowing the transaction, the management of MyOptique will remain in place. As part of Essilor, the company will leverage Essilor’s global supply chain and collaborate with its other operating businesses to improve the reach of its business across Europe. The acquisition will enable Essilor to broaden its online presence to Central Europe and to enhance its capabilities in successful multi-category, multi-brand models.
Led by Kevin Cornils, CEO, MyOptique is a major online player across all eyewear categories – prescription glasses, contact lenses and sunglasses – in Europe.
The London-based venture capital backed group operates six online retail brands – Glasses Direct, SunglassesShop, LensOn, Lensbest, Eyewearbrands and Netzoptiker, which have served three million customers and shipped over 280 million contact lenses and 7 million glasses and sunglasses. It has annual revenues of £57m.
Shareholders selling their shares in this transaction include Acton Capital Partners, Beringea, Cipio Partners, Index Ventures, Korys and Highland Capital Europe.