B&L eyewear brandssale completed - Rochester Business Journal

Mary Chao//June 28, 1999//

Mary Chao//June 28, 1999//

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Bausch & Lomb Inc. and Luxottica SpA today completed Luxottica’s cash purchase of Bausch & Lomb’s sunglass business for $640 million.
The transaction includes all of Bausch & Lomb’s lines of sunglasses, including Ray Ban, Revo, Arnette and Killer Loop brands.
Luxottica’s sunglass portfolio includes Persol, Giorgio Armani and Chanel.
Bausch & Lomb will record after-tax gain on the sale of approximately $120 million, or $2.10 a share, in the second quarter.

6/28/99

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