EssilorLuxottica to Acquire Malaysian Optical Retail Chains A-Look, Seen, and OWL
Deal News | Jun 05, 2025 | Globenewswire
EssilorLuxottica, a prominent international leader in the optical and eyewear industry, has announced an agreement to acquire a major Malaysian optical retail chain operating 90 stores under the brands A-Look, Seen, and OWL. The move aims to enhance visual health in Malaysia while expanding EssilorLuxottica's footprint in the region. Established in 2003 by Dato Terry Ngeow in Kuala Lumpur, the chain covers both West and East Malaysia. This acquisition fits within EssilorLuxottica's strategic objectives of transforming the optical industry through increased consumer accessibility, enhancing the in-store experience, and promoting innovative, high-quality optical solutions. The integration of A-Look, Seen, and OWL is expected to deepen understanding of the local market dynamics, fostering consumer demand and awareness of visual health solutions. The completion of the transaction is anticipated by June 2025, pending standard closing conditions.
Sectors
- Optical Industry
- Retail Industry
Geography
- Malaysia – The optical retail chains being acquired are located in Malaysia, and the transaction directly impacts the Malaysian market.
- France – EssilorLuxottica, the acquiring company, is based in France.
Industry
- Optical Industry – The article is centered around the acquisition of major optical retail chains in Malaysia, indicating a significant expansion within the optical sector by EssilorLuxottica.
- Retail Industry – The acquisition involves retail chains that manage multiple brand outlets, highlighting its relevance to the retail sector.
Financials
- – No specific financial figures are mentioned regarding the acquisition deal price or valuation.
Participants
Name | Role | Type | Description |
---|---|---|---|
EssilorLuxottica | Acquirer | Company | A global leader in the design, manufacture, and distribution of ophthalmic lenses, frames, and sunglasses. |
A-Look | Target | Company | A Malaysian retail chain with stores operating under the brands A-Look, Seen, and OWL. |
Dato Terry Ngeow | Founder | Person | Founder of the A-Look retail chain in Malaysia. |
Francesco Milleri | President & CEO | Person | President and CEO of EssilorLuxottica. |
Paul du Saillant | Deputy CEO | Person | Deputy CEO of EssilorLuxottica. |