TozziniFreire and Lefosse have advised on the deal
Luxottica Group S.p.A, a leader in the design, manufacture, distribution and sale of fashion, luxury and sports eyewear, signed an agreement with the current shareholders of Óticas Carol under which Luxottica will acquire 100% of Óticas Carol, one of the largest optical franchisors in Brazil with approximately 950 locations.
Established in 1997, Óticas Carol sells a broad range of prescription frames and sunglasses, with annual system sales of approximately Euro 200 million. Óticas Carol has achieved significant growth in recent years, strengthening its management team and growing its retail footprint from approximately 500 stores in 2013 to 950 in 2016, largely through established partnerships with franchisees.
TozziniFreire has advised Luxottica with a team including Marcela W. Ejnisman (Picture) Carla do Couto Hellu Battilana and Mariane Rocha Lima Huhtala.
Lefosse has advised Óticas Carol with Sergio Machado, Andre Calumby, Carla Gorescu and Alicia Alves.
Involved fees earner: Marcela Waksman Ejnisman – Tozzini Freire ; Carla do Couto Longo Hellu – Tozzini Freire ; Mariane Rocha Lima Huhtala – Tozzini Freire ; Sérgio Machado – Lefosse; André Calumby – Lefosse; Carla Gorescu – Lefosse; Alicia Alves – Lefosse;