Chapters
Annual Report 2018

Subsequent events

On 28 January 2019, the Group announced that it acquired 100% of Charlie Temple, the leading online optical retailer in the Benelux, for a cash consideration of €22 million and an earn-out mechanism. This acquisition is an important step in digital roadmap for the Group and will enable the Group to build a stronger presence in segment of the online market at a much faster pace. The acquisition will form part of the G4 segment.

On 20 February 2019, the Group announced that it acquired 100% of Óptica2000 through its Spanish business, MasVision. The acquisition incorporates Óptica2000's network of 106 stores throughout Spain and two in Portugal, with the majority of these establishments in the El Corte Inglés department stores. With this acquisition the Group further strengthened its market position in Spain. The Group paid €79 million in cash for the acquisition. The acquisition will form part of the Other Europe segment.

Due to a short time frame between the date the transactions closed and the date the financial statements were authorized for issue, the purchase price allocations are at an early stage.