EssilorLuxottica expands in Japan

Luxottica Japan, part of EssilorLuxottica has acquired Washin Optical Co, a 70-strong network of practices.

The company said the agreement represented an important step in shaping the vision care market in the region and was testament to its commitment to grow its eyewear retail operations in the country where it already directly operates approximately 70 retail locations under the Ray-Ban, Oakley and Oliver Peoples banners.

Francesco Milleri, chairman and CEO at EssilorLuxottica, commented: ‘When we look at Japan, we see a long runway ahead with potential for growth and expansion – this is what makes it strategic for us.

‘Washin is a company that shares our values, our love for beauty and superior quality, and they will complement our existing network of sun retail banners and our omnichannel and open network approach.’