EssilorLuxottica Signs Agreement to Acquire A-Look and More in Malaysia
Deal News | Jun 05, 2025 | Globenewswire
EssilorLuxottica, headquartered in Paris, France, has announced its agreement to acquire a major optical company in Malaysia, operating over 90 stores under the A-Look, Seen, and OWL brands. Founded in 2003 by Dato Terry Ngeow with its first store in Kuala Lumpur, A-Look has become a significant presence in Malaysia's optical sector. The newly announced acquisition, which is expected to close by the end of June 2025, aims to elevate vision care standards in Malaysia while complementing EssilorLuxottica's existing operations in the country. The integration of these stores will not only enhance EssilorLuxottica’s understanding of the Malaysian market but also aid in increasing awareness and demand for high-quality vision care solutions. With this strategic move, EssilorLuxottica hopes to improve access to innovative eyewear and eyecare products across Malaysia, as part of their broader strategy in the dynamic Asia Pacific region. The company emphasizes its commitment to delivering exceptional products and services, evidenced by its lens production facilities operating within the country.
Sectors
- Optical Retail
- Vision Care
Geography
- Malaysia – The acquisition targets Malaysian companies, specifically A-Look, Seen, and OWL, aiming to enhance EssilorLuxottica's footprint within the country.
- France – EssilorLuxottica is headquartered in Paris, France, which is relevant to understanding the global expansion strategy of the company.
Industry
- Optical Retail – The primary focus of the article is on the acquisition of optical retail stores (A-Look, Seen, and OWL) by EssilorLuxottica in Malaysia, a move to consolidate and expand its retail presence within the optical sector.
- Vision Care – EssilorLuxottica's acquisition is driven by the goal to elevate vision care standards in Malaysia, highlighting its engagement in the broader vision care industry.
Financials
- – The article does not disclose specific financial terms or figures regarding the acquisition deal.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EssilorLuxottica | Acquirer | Company | EssilorLuxottica is a global leader in the design, manufacture, and distribution of ophthalmic lenses, frames, and sunwear. |
| A-Look | Target company | Company | A prominent player in the Malaysian optical retail market, operating under its banner and also encompassing Seen and OWL stores. |
| Seen | Target company | Company | One of the retail brands involved in the acquisition deal, part of the group operated by A-Look. |
| OWL | Target company | Company | Another retail brand under the A-Look group, included in the acquisition by EssilorLuxottica. |
| Dato Terry Ngeow | Founder | Person | Founder of A-Look, significant to the historical context of the company's establishment in Malaysia. |
| Francesco Milleri | Chairman and CEO | Person | Chairman and CEO of EssilorLuxottica, providing strategic commentary on the acquisition. |
| Paul du Saillant | Deputy CEO | Person | Deputy CEO of EssilorLuxottica, involved in strategic aspects of the acquisition. |