"Italian eyewear maker Luxottica SpA today is expected to reveal that it is acquiring Brazil’s Grupo Tecnol for an enterprise value of about 120 million euros, or $160 million at current exchange, WWD has learned." That's the lead from the evolving post on WWD. "The Brazilian company, based in Campinas, São Paulo state, designs and manufactures eyewear under license for 14 brands including Benetton SpA, Pierre Cardin and Playboy, as well as own brands Tecnol, Iron and Jean Monnier, according to the firm. Grupo Tecnol currently operates about 90 retail locations in Brazil, a person familiar with the situation told WWD." Read more.
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