Essilor Buys 50% Stake in China's Xiamen Yarui Optical
27 Novembre 2013 - 7:55AM
Dow Jones News
By Inti Landauro
PARIS-- French lenses maker Essilor International (EI.FR)
Wednesday said it bought a 50% stake in Xiamen Yarui Optical
Company Ltd as it continues its policy of buying rivals in emerging
markets.
Xiamen Yarui Optical, China's leading supplier of mid-range
sunglasses, has 850 employees and generated revenue of about EUR42
million ($57.1 million) in 2012, Essilor said.
The company didn't disclose the amount paid for the
acquisition.
-Write to Inti Landauro at inti.landauro@dowjones.com
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