New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    Which of the following e-commerce company had acquires

    majority stake in Japanese eyewear brand Owndays?
    A Flipkart Correct Answer Incorrect Answer
    B Amazon Correct Answer Incorrect Answer
    C Mister Spex Correct Answer Incorrect Answer
    D Glasses Direct Correct Answer Incorrect Answer
    E Lenskart Correct Answer Incorrect Answer

    Solution

    Mister Spex is an online retailer offering eye-wear products. Product catalog includes prescription glasses, sunglasses, contact lenses, and more. It also has its own optician workshop in Berlin with final assembly and quality control. Glasses Direct is one of Europe’s leading online prescription glasses retailer. It offers glasses for men and women. Softbank-backed prescription glasses company Lenskart has acquired a majority stake in Japan’s D2C eyewear brand Owndays. The deal will create one of Asia’s largest online eyewear retailer. The acquisition will take Lenskart’s presence to 13 markets in Asia, including India, Singapore, Thailand, Taiwan, the Philippines, Indonesia, Malaysia, and Japan. The deal will give exit to Owndays major shareholders L Catterton Asia and Mitsui & Co, and Principal Investments. Owndays co-founders CEO Shuji Tanaka, and COO Take Umiyama, will continue to be shareholders and lead the management team of the company.

    Practice Next