EssilorLuxottica buys Japan's Washin to expand its retail presence
MILAN -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.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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