Safilo buys 70 percent stake in Blenders Eyewear

Safilo Group has announced the acquisition of a 70 percent stake in the equity of the California company Blenders Eyewear LLC, based on a total value on a cash-and debt free basis equal to 90 million dollars. The company said that Chase Fisher will retain full ownership of 30 percent of the shares and, pursuant to the share purchase agreement, these remaining equity interests are subject to customary reciprocal put and call options which can be exercised starting from 2023. Chase Fisher will remain CEO of Blenders Eyewear, which will continue to run out of its San Diego home.