EssilorLuxottica announced it has acquired a meaningful stake in Top Charoen, formalizing a strategic partnership and reinforcing its presence in Thailand.
The transaction marks a deepening of the long-standing relationship between the two companies, positioning EssilorLuxottica as a partner in Top Charoen, the largest optical retail chain in Thailand with more than 2,000 stores nationwide.
Thailand serves as a strategic hub for EssilorLuxottica’s global manufacturing and business operations. Through this partnership, the company aims to expand access to vision care, strengthen its proximity to consumers, and better anticipate evolving customer needs across the region.
Founded in 1947, Top Charoen began with a single store in Saraburi and a mobile van designed to bring eye care services to remote communities. Today, the company operates under multiple banners including Top Charoen, Luxoptic, Eye Class, Eye Bright, Eye Sport, Big C Optical, Robinson Optical, and Beautiful Optic, while also maintaining an e-commerce presence through its own platform and third-party marketplaces.
The partnership aligns with EssilorLuxottica’s broader strategy of advancing vision care globally while expanding into emerging categories such as wearable eyewear technologies.
KEY QUOTE:
“Our partnership with Top Charoen will strengthen our existing presence in one of the most significant countries in Asia, elevating vision care standards and advancing the development of the emerging wearable category across the region. At the same time, we remain deeply committed to our customers, meeting their demand for high-quality, innovative vision care products and services; together, as partners, we will be uniquely positioned to drive awareness and actions to address Asia’s growing visual health needs. Patients and consumers remain at the heart of our Group’s strategy as we continue to expand access to advanced eyewear and eyecare worldwide.”
Francesco Milleri, Chairman and Chief Executive Officer, and Paul du Saillant, Deputy Chief Executive Officer, EssilorLuxottica
