Robert Marc Announces Sale
Luxury Optical Holdings Co. is pleased to announce the acquisition of privately-held Robert Marc, one of the most recognized and respected luxury eyewear companies, and its subsidiaries. Robert Marc eyewear currently has distribution in more than 20 countries with 500 points of sale worldwide, operates eight Robert Marc retail stores located in New York City, and is the exclusive North American distributor for Lunor, a prestigious German luxury eyewear brand.
Glenn Reisch, the president of Luxury Optical Holdings, states that “since our inception we have been focused on luxury retailing and developing our own Morgenthal Frederics brand of eyewear. The addition of Robert Marc gives us an unrivaled portfolio of luxury optical retail stores in New York City. And, equally important, the Robert Marc acquisition will expand our reach into the branded global wholesale market.”
Robert Marc, founder of Robert Marc Eyewear, will join Luxury Optical Holdings as Chief Creative Officer. "Robert Marc and Morgenthal Frederics are well-respected brands known for their long history of product excellence, quality and consumer loyalty," said Robert Marc. "We are very enthusiastic about working with Luxury Optical Holdings and accelerating our growth plans. While our strategy will continue to focus on selective distribution and discreet branding that is fundamental to the desirability and exclusivity of Robert Marc products, Luxury Optical Holdings will help us to further develop the Robert Marc brand, expand our retail relationships, and strengthen our operational capabilities."
Luxury Optical Holdings is owned by aPriori Capital Partners and Goode Partners, LLC. Ron Beegle, a director of Luxury Optical Holdings and a co-founder and operating partner at Goode Partners emphasized “Glenn and Robert, along with their respective teams, have built very successful eyewear brands and retail businesses. Combining the two companies creates a formidable player in the luxury segment of the optical industry.” Susan Schnabel, co-head of aPriori Capital Partners, noted “the acquisition is very strategic because it enables Luxury Optical Holdings to expand into international markets and wholesale, and establishes a dominant retail presence in New York City, a key luxury market.”
The Robert Marc collection of eyewear combines Robert Marc’s celebrated, upbeat approach to product development with exciting new designs each season in exquisite materials and colors. Each frame is an artistic statement coveted by exclusive clientele who desire to own the very best. For the past 28 years, Morgenthal Frederics has been creating legendary eyewear designs for the most recognizable faces in the world. Lunor eyewear is inspired by vintage eyewear and combines traditional and modern design elements to create timeless styles of superior quality.
With the acquisition of Robert Marc, Luxury Optical Holdings operates 58 retail stores throughout the United States and its brands have distribution in more than 20 countries throughout the world.
The Sage Group acted as exclusive financial advisor to Robert Marc.