Pursuant to the terms of an agreement signed in 2012 with Fenix Srl, formerly Salmoiraghi & Viganò Holding, Luxottica Group has announced it has exercised the option to acquire the remaining 63.2% of the shares in Salmoiraghi & Viganò.

The closing is expected by the first quarter of 2017.

Salmoiraghi & Viganò is a leading Italian company in the eyewear retail sector and owns approximately 500 stores across Italy.