MAGRABi Retail Group and Rivoli Vision Merge to Create a Middle East Eyewear Retail Enterprise
September 24, 2024
MAGRABi Retail Group announced a merger with Rivoli Vision to create the “MAGRABi-Rivoli Enterprise,” expanding their combined multi-brand eyewear retail footprint across the Middle East. The expanded business is expected to add Rivoli Vision stores (89) to take MAGRABi above 290 locations by end-2024, subject to commercial and regulatory conditions.
- Buyers
- MAGRABi Retail Group, Rivoli Vision
- Targets
- Rivoli Vision, MAGRABi Retail Group
- Industry
- Retail
- Location
- Saudi Arabia
- Transaction Type
- Buyout
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