Kits Eyewear has acquired LD Vision Group, enhancing its market position as a leading retailer in the North American eyecare industry.

Information on the Target

Kits Eyewear has successfully completed the acquisition of LD Vision Group, which holds the title of North America's second-largest independent direct retailer in eyecare. Utilizing a proprietary end-to-end technology platform, LD Vision Group successfully manages a diverse portfolio of brands, having processed 2.7 million orders for over 1.1 million customers. The company reported approximately $50 million in revenue in 2018, showcasing its robust performance in the market.

Founded in 2002, LD Vision Group operates a family of brands including OptiContacts.com and ContactsExpress.ca. The company is headquartered in Toronto, with additional offices in Vancouver and Buffalo, New York. Its leadership team includes Arshil Abdulla, CEO, Fayaz Abdulla, CMO, and Sean Mitha, COO, who have contributed to the company’s growth and expansion in the optical retail sector.

Industry Overview

The eyecare industry in North America is experiencing significant growth, driven by high demand for optical solutions. Currently, over 70 percent of North American adults require corrective vision, yet many encount