“3i Group , which agreed to acquire Brazil's Óticas Carol with a group of buyout funds, expects Brazil's No. 2 eyewear retailer to rise to the top spot by year-end after almost doubling existing stores, a senior executive at the British buyout firm said on Friday,” according to a Reuters report on Yahoo! Finance. “Under the expansion plan designed by 3i and its partners, Siguler Guff and Neuberger Berman Inc, between 150 and 200 Óticas Carol stores will be opened by December, Marcelo Di Lorenzo, a partner and head of 3i's Brazilian unit, said in an interview. The company currently operates 490 stores, most of them franchises, in 235 Brazilian cities.” Read more.
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