Luxottica to Buy Alain Mikli Brand

Luxottica (Milan) has entered into an agreement with Alain Mikli Intl. to buy 100 percent of the luxury eyewear brand, Women’s Wear Daily reports. The Italian eyewear giant reached an agreement with Alain Miklitarian and London-based private equity NEO Capital, which acquired 47 percent of Alain Mikli Intl. in 2009.

“This proposed operation perfectly reflects our long-term growth strategy,” Luxottica ceo Andrea Guerra told WWD. “With its innovative design, Alain Mikli would enrich our luxury eyewear segment and further strengthens our prescription side, where we have deeply invested in the past years, to further contribute to the group’s resilient growth.”

Luxottica own a number of brands, including Ray-Ban, Oakley and Oliver Peoples, while producing and distributing eyewear collections for several other brands, such as Bulgari, Burberry, Chanel, Coach and Dolce & Gabbana.