Essilor Acquires Chinese Sunglass Manufacturer

“Essilor International (Paris:EI) has acquired a 50% stake in Xiamen Yarui Optical Company Ltd., China's leading supplier of mid-range sunglasses,” reports Finanzen. “Xiamen Yarui Optical, which has 850 employees, generated revenue of about €42 million in 2012. The company designs and manufactures non-prescription sunglasses that are sold in China under a variety of brands, including Bolon and Molsion, two of the country’s best known sunglass brands. Positioned in the fast-growing mid-range segment, Xiamen Yarui Optical products are sold mainly to Chinese eyecare professionals and department stores representing in all some 30,000 sales outlets throughout the country. The company has a plant in Xiamen, in southeastern China." Read more.