Franco-Italian eyewear group EssilorLuxottica has acquired a “significant” stake in Top Charoen, a leading optical retail chain in Thailand with over 2,000 stores in the country, becoming a partner of the company. Nothing was disclosed about the financial details of the transaction.
“The partnership with Top Charoen strengthens our presence in one of the most important Asian countries, while contributing to improving standards in ophthalmic optics and supporting the development of the new category of wearables,” said Francesco Milleri, Chief Executive Officer (CEO), and Paul du Saillant, Deputy CEO of Essilorluxottica. “Similarly, we continue to provide our opticians with innovative and high-quality products and services. We work together to raise awareness of the importance of eye health and respond to growing demand in Asia.”
Top Charoen was founded in 1947 with the opening of the first store in Saraburi. A hiking program brought optical services to more rural areas. Today the company operates under various banners including Top Charoen, Luxoptic, Eye Class, Eye Bright, Eye Sport, Big C Optical, Robinson Optical and Beautiful Optic. It is also active in e-commerce. It uses its own platform and a select presence on local third-party marketplaces.
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