Update: no official press release yet, but people talk so...say good bye to the good thing.
Say Hello to another great brand for Luxottica retail stores. I cant wait to get these into my Lenscrafters store.
"Alain Mikli denied rumours that he is selling his company at a specially convened press conference at Vision Expo East in New York on March 24."
Alain has already tried to sell his company and name 5 years ago to Luxottica thinking that he could repeat the deal made for OP having not only a name and reputation but also stores well olcated in NY,Paris and Tokyo. but he failed at this time partially because he was able to show a clear financial situation. since the take over of majority shares 4 years ago by the former Logo GM and its financial fund avoiding an upcoming financial failure for Alain the company has not been able to make profits since. As a proof, last july the shareolders were obliged to recapitalize the company due to the fact that losses were over 50% of the capital and in France such a situation is not allowed and you have 3 years to make a decision to either shut down the company or to increase the capital to cover the losses.I do regret that this has not been published in the news. also since the take-over and some polemics the financial statement are not registered any longer raising question on the actual turn over annonced to be around 50M€ but for sure much lower than that.
Post a Comment