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Sayenko Kharenko Advises OH Holding on Disposal of Majority Stake in Luxoptica Group and Creation of Joint Venture with EssilorLuxottica

Sayenko Kharenko Advises OH Holding on Disposal of Majority Stake in Luxoptica Group and Creation of Joint Venture with EssilorLuxottica

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Sayenko Kharenko has advised OH Holding Limited on the sale of a 51% stake in the Luxoptica Group and the creation of a joint venture with Essilor Nederland Holding B.V.

EssilorLuxottica, which Sayenko Kharenko describes as "the world’s largest manufacturer of eyewear products," designs, manufactures, and distributes ophthalmic lenses, frames, and sunglasses. The result of a merger of Essilor and Luxottica, the group operates eyewear brands, including Ray-Ban, Oakley, Burberry, Emporio Armani, Valentino, Scuderia Ferrari, Prada, Versace, and lens technology brands such as Varilux and Transitions.

According to Sayenko Kharenko, the Luxoptica Group "is the largest Ukrainian company in the eyewear wholesale and retail market, [and] also provides comprehensive ophthalmic services, including vision screening, ophthalmology consultation, vision hardware treatment, manufacturing, and repair of glasses."

Sayenko Kharenko’s team was led by Partner Oleksandr Nikolaichyk and Associate Ilhar Hakhramanov and included Partners Vladimir Sayenko, Svitlana Musienko, and Alina Plyushch, Senior Associates Julia Kuyda and Dmitry Riabikin, and Associates Yurii Dmytrenko, Mykola Lykhoglyad, Angelina Danyleiko, Igor Pomaz, and Yurii Dmytrenko.

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