EssilorLuxottica expands in Romania and insures frames worldwide

EssilorLuxottica has signed an agreement to acquire the Romanian optical eye care and eyewear company, Optical Investment Group, from Innova/6, a private equity fund from Innova Capital Group and other minority shareholders. 

Francesco Milleri, chair and chief executive officer at EssilorLuxottica, said: ‘We are pleased to welcome Optical Investment Group into our network, a well-established player in the Romanian optical market with an experienced management team and a deep knowledge of the local dynamics.’

EssilorLuxottica has also partnered with insurance company Asurion Europe to provide worldwide protection for sunglasses against accidental damage, chipped or broken frames, scratched or cracked lenses, and normal wear and tear.

The 12 month SunLove Protection Plan would enable customers to insure their new sunglasses at the point of purchase within Sunglass Hut and David Clulow stores.