EssilorLuxottica Expands Presence in Malaysia with A-Look, Seen, and OWL Acquisition
Deal News | Jun 05, 2025 | Globenewswire
EssilorLuxottica has announced an agreement to acquire a significant player in the optical retail sector in Malaysia, which includes over 90 stores under the brands A-Look, Seen, and OWL. This acquisition is part of EssilorLuxottica's strategy to expand its presence in Malaysia where it is already active in both the wholesale and retail businesses. Founded in 2003 by Dato Terry Ngeow, the brands are distributed in the eastern and peninsular regions of Malaysia. The move aims to elevate vision care standards in the country and to accelerate the digital transformation of the optical retail sector. Through this integration, the company seeks to gain deeper insights into market dynamics and promote awareness of high-quality optical solutions, enhancing consumer engagement. The acquisition is expected to be completed by the end of June 2025, pending regulatory approvals.
Sectors
- Optical Retail
- Healthcare
- Consumer Goods
Geography
- Malaysia – The acquisition of the Malaysian optical retail chains A-Look, Seen, and OWL is centered in Malaysia.
- Asia-Pacific – EssilorLuxottica aims to strengthen its market presence within the dynamic Asia-Pacific region.
- France – EssilorLuxottica is a Franco-Italian company and the acquisition decision was announced from Paris, France.
Industry
- Optical Retail – The acquisition involves expansion in the optical retail sector, focusing on eyeglasses and vision care products.
- Healthcare – EssilorLuxottica's commitment to improving vision care standards aligns with the broader healthcare industry.
- Consumer Goods – Eyewear products fall under consumer goods, which EssilorLuxottica is enhancing with this acquisition.
Financials
- Not disclosed – The financial terms of the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EssilorLuxottica | Bidding Company/Buyer | Company | Global leader in the design, manufacture, and distribution of ophthalmic lenses, frames, and sunglasses. |
| A-Look, Seen, and OWL | Target Company | Company | A major optical retail network in Malaysia with over 90 stores, originally founded by Dato Terry Ngeow. |
| Dato Terry Ngeow | Founder | Person | Founder of the optical retail chains A-Look, Seen, and OWL. |
| Francesco Milleri | President and CEO | Person | President and CEO of EssilorLuxottica. |
| Paul du Saillant | Vice CEO | Person | Vice CEO of EssilorLuxottica. |