Longreach, Navis Capital Said In Talks for Eyewear Chain Owndays
- A deal could value the eyewear chain at up to $400 million
- No certainty an agreement could be reached as talks continue
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Private equity firms Longreach Group and Navis Capital are in exclusive talks to buy Japanese eyewear retailer Owndays Inc., according to people with knowledge of the matter.
Owndays’s holders L Catterton Asia and Mitsui & Co. picked the buyout firms for final negotiations after running a sale process for the asset, the people said. Any deal could value the eyewear chain at a maximum of $400 million, one of the people said.