MyOptique, Largest Online Optical Retailer in Europe, Acquires New Brands

Thursday, August 20 2015 | 00 h 00 min | Acquisitions, News

MyOptique Group, already the largest online eyewear retailer in Europe, has expanded further through acquiring 4care, a rival German online retailer, and Eyewearbrands, a UK-based premium eyewear vendor.

Beginning in 2004 with Glasses Direct, a budget online retailer in the UK selling eyewear directly to consumers, MyOptique has sold to over 3 million customers between all brands and seen its prescription glasses sales grow at roughly 50 percent per year. In 2013 MyOptique received £8 million ($16 million CAD) in funding from venture capital firms to expand in Europe through acquisition, and has set up test sites outside of Europe.

MyOptique CEO Kevin Cornils, told VuePoint, “MyOptique has no plans for Canada in 2015, and will be re-evaluating its market presence in 2016.”

Further information: http://techcrunch.com/2015/08/15/myoptique-buys-two-more-eyewear-brands-to-grow-in-europe/