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Eyeglass retail giant in $49 billion merger
Luxottica Group, the leading eyeglass retailer with multiple U.S. store banners, has entered into a deal that would create a global giant in the optical industry. Luxottica, whose brands include LensCrafters, Sunglass Hut, Oliver Peoples, and Pearle Vision, will merge with lens-maker Essilor International of France in a deal valued at $49 billion. The merger brings together the industry’s largest manufacturer with its leading retailer. -
Leading pool supplies retailer sold
CVC Capital Partners has agreed to sell Leslie's Holdings to L Catterton and an affiliate of GIC. The financial details of the transaction have not been disclosed. Founded in 1963, Leslie's is the world's largest retailer of swimming pool supplies and related products.