EssilorLuxottica Acquires Stake in Top Charoen, Reinforcing Presence in Thailand
EssilorLuxottica has acquired a majority stake in Top Charoen, a leading optical retail chain in Thailand. The transaction strengthens the company's position in Southeast Asia.
Eyesight solutions company EssilorLuxottica has acquired a majority stake in Top Charoen, a prominent optical retail chain in Thailand. The transaction was announced Tuesday.
Top Charoen operates over 130 stores across Thailand, positioning it as one of the country's largest optical chains. This acquisition is expected to enhance EssilorLuxottica's presence in the rapidly growing Southeast Asian market.
The financial terms of the deal were not disclosed. Nitikarn Wongs Kulawong, founder and CEO of Top Charoen, will remain with the company to continue driving its development, according to the announcement.
This move aligns with EssilorLuxottica's broader strategy to expand its footprint in key Asian markets. The integration of Top Charoen is anticipated to contribute to the company's growth trajectory in the region.