The MyOptique Group acquired by Essilor International
MyOptique management will remain, benefiting from Essilor’s global supply chain to improve its reach across Europe
The MyOptique Group, a UK-based online glasses retailer, has been acquired by French ophthalmic lens producer Essilor International.
Founded in 2004 by Young Gun Jamie Murray-Wells as Glasses Direct, The MyOptique Group operates six online retail brands selling everything from prescription glasses to contact lenses and sunglasses.
It claims to have seen double-digit growth every year for the last eight, shipping more than 280 million contact lenses, seven million glasses and sunglasses and hitting revenues of £56m.
The deal will see MyOptique’s management remain in place, leveraging Esslior’s global supply chain and collaborating with its other businesses to enhance its market position in Europe.
Kevin Cornils, CEO of MyOptique, commented: “This transaction represents a major milestone for the MyOptique Group. Our new ownership provides a tremendous platform from which to continue to build a very successful business on our proven multi-category, multi-brand model.”
Fergal Mullen, partner at Highland Capital Europe, added: “From day one when the original GlassesDirect business was founded by Jamie Murray Wells when he was still at university, this has been an extraordinary business with big ambitions.
“As part of Essilor the company is on a firm foundation on which to move to the next level. This is a true European success story and we at Highland are very proud to have been part of it.”