Eversheds Sutherland has advised MAGRABi Retail Group on its acquisition of Dubai Optical

Eversheds Sutherland has advised MAGRABi Retail Group, the Middle East’s leading eyewear retailer, on its agreement to acquire 100% of Dubai Optical, one of the UAE’s longest-established premium optical retailers.

Founded in 1978, Dubai Optical was a pioneer of organised optical retail in the UAE and has built a strong reputation through its premium offering and longstanding customer relationships. The acquisition will add 15 Dubai Optical stores across key retail destinations in the UAE, further strengthening MAGRABi Retail Group’s presence in one of the region’s most important markets.

Following completion, MAGRABi Retail Group intends to retain and develop the Dubai Optical brand, building on its heritage while bringing the Group’s global agreements, retail excellence and leading vision care standards.

Completion of the transaction remains subject to customary closing conditions, including obtaining merger control clearance from the Ministry of Economy of the United Arab Emirates.

The Eversheds Sutherland team included Partners Steve Jennings and Zeid Hanania, with Senior Associate Philip Smith. Further support was provided by Omar Al-Shomali, Matt Cummings, Hanan Al Bashir, Layan Aldmour, and Ruairidh Beer.