Originally Posted by
Lab Insight
One would hope a company that makes zero profit when acquired will eventually turn a profit, but has not up to this point. So yes, I would agree that was a wrong decision. The blunder really is two fold...that they overpaid huge and it continues to compete directly with their regular customers.
Once the fusion of E and Lux is complete, they will control by far the largest pack of online opticals on a worldwide basis, from Europe to America and Asia.
At this stage it is not a matter of profitability, it is a matter of organization and building up their online presence.
"This is likely to go down as the most brutal year ever for store chains! By our count, retail companies have closed well over 5,000 stores so far in 2018, and that's looking only at the bigger chains. Smaller, regional retailers have shuttering stores, too."
(https://moneywise.com/a/ch-a/big-cha...ng-most-stores)
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