In Sweden: Reuters reports that “private equity firm CVC Capital Partners has bought eyewear chain Synsam Nordic from Alipes, the investment firm controlled by Sweden's Kamprad family which also controls the world's largest furniture retailer IKEA, CVC said on Tuesday. CVC did not say how much it paid for Synsam, which had sales of around 3 billion Swedish crowns ($467 million) in 2013 and employs some 2,600.” Read more.
In India: “Retail eyewear chain Titan Eye Plus has sewn up plans for major expansion of its retail network of stores, adding 50-60 stores across the country in 2014-15 as its strengthens its presence with more brands, including Fastrack, Hipster and Glares,” according to Hindu Businessline. “Part of Titan Company Ltd of the Tata Group, the company opened its 96th store in South India and expects to hit the 100 stores mark shortly. It has a pan-India network of 278 stores operating across 106 cities.” Read more.
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