(Reuters) – KKR & Co Inc
Buyout firm KKR, which is looking to cash in on growing demand for digital sellers, earlier this year bought a majority stake in Coty Inc’s
Like many e-commerce companies, the Draper, Utah-based 1-800 Contacts has seen its customer base and sales surge during the COVID-19 pandemic, as customers turned to its online services due to virus-led closure of brick-and-mortar stores.
In contrast, revenue at eyewear giant EssilorLuxottica
“KKR brings scale, unlike what we have had previously. At this stage of the growth of our business, it should be great to have access to their scale, resources and expertise,” 1800-Contacts Chief Executive Officer John Graham told Reuters.
1-800 Contacts was traded on Nasdaq for about a decade before being bought by private-equity firm Fenway Partners in 2007.
(Reporting by Praveen Paramasivam in Bengaluru; Editing by Shinjini Ganguli)