MILAN Nov 23 Italy's Luxottica has
bought 40 percent of the unlisted 900-store Salmoiraghi & Vigano
chain of eyewear shops, Italian daily La Repubblica reported on
Friday, marking Luxottica's entry into Europe's retail market.
Eyewear manufacturer Luxottica has paid 40 million euros
($51.54 million)for the 40 percent stake, with an option to
acquire a majority stake in the coming years for a total of up
to 200 million, the paper reported without citing sources.
Luxottica Chief Executive Andrea Guerra told Reuters last
month his company was looking at possibly buying Salmoiraghi &
Luxottica, the world's biggest premium eyewear maker, was
not immediately available for comment.
($1 = 0.7761 euros)
(Reporting by Jennifer Clark; Editing by Lisa Jucca)