Kering Eyewear news and archive

Kering Eyewear acquires Visard and joins Mistral

French luxury goods group Kering SA is investing in its eyewear division. On Thursday, the group announced corresponding agreements with two Italian eyewear manufacturers. According to the agreement, the subsidiary Kering Eyewear will acquire all shares in Visard Srl and a minority stake in Mistral Srl, founded as a spin-off from Visard in 1991....

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Kering Eyewear becomes subject of Harvard case study

Kering Eyewear, the optical subsidiary of the luxury fashion giant, has become a case study at the prestigious Harvard Business School, ending its 10th anniversary on a high note. The story of Kering Eyewear has been written out by members of the company’s team as well as faculty from the school, with the intention to provide both Harvard...

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Kering's Q3 revenues decline across brands

Kering Group revenue of 4.5 billion euros in the third quarter of 2023, was down 13 percent as reported and down 9 percent on a comparable basis, with revenues declining across its brand portfolio. In the first nine months of the year, the Group generated revenue of 14.6 billion euros, down 3 percent reported and 2 percent on a comparable basis....

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Kering Eyewear completes acquisition of UNT

Kering Eyewear has completed the acquisition of UNT, Usinage & Nouvelles Technologies. The takeover was announced on March 13, 2023. Founded in 1989 in Morbier, Bourgogne-Franche-Comté in Eastern France, UNT, the company said in a release, is a key player in the manufacturing of high-precision metal and mechanical components for the entire...

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Kering: Q1 revenues improve marginally by 1 percent

In the first quarter of 2023, Kering Group’s revenue grew by 2 percent as reported and by 1 percent on a comparable basis to 5,077 million euros, with trends improving throughout the period. “Kering’s performance in the first quarter remained mixed, as we had anticipated. As we work to augment the desirability of our brands and raise their...

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Kering Eyewear acquires French manufacturer UNT

Kering Eyewear has announced that it has signed an agreement to acquire 100 percent of the share capital of the French company Usinage & Nouvelles Technologies (UNT) as it looks to cement its position in the luxury eyewear industry. UNT manufactures high-precision metal and mechanical components for the entire luxury eyewear sector at its 3,000...

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Kering Eyewear completes acquisition of Maui Jim

Kering Eyewear has announced that it now holds more than 90 percent of the sunglasses brand Maui Jim, with the remaining shares expected to be acquired by year-end. The company said in a statement that Maui Jim was consolidated in Kering accounts starting from October 1, 2022. Founded in 1987, Maui Jim, headquartered in Peoria, Illinois, is one...

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Kering announces acquisition of US brand Maui Jim

Luxury group Kering has signed an agreement to acquire Hawaiian eyewear brand Maui Jim, adding it to its existing Kering Eyewear portfolio. The independent sunglasses label already has a significant presence in North America and is further sold in more than 100 countries. Much of Maui Jim’s character lies within its Hawaiian heritage and use of...

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Kering Eyewear launches sustainability blockchain platform

Luxury eyewear conglomerate Kering Eyewear has launched an inclusive data exchange platform, utilising blockchain technology to enable assessments and traceability across all manufacturing operations. V.I.R.T.U.S (a verified, integrated, reliable, trustworthy, unique and secure platform) falls in line with the company’s “commitment to...

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Kering Eyewear completes acquisition of Lindberg

Kering Eyewear has completed the acquisition of the Danish luxury eyewear brand Lindberg. The company said in a statement that Lindberg will be consolidated in Kering accounts starting from Q4 2021 onwards. Founded in 1969 in Denmark by optician Poul-Jørn Lindberg and his wife as an optical store and turned into a multinational company by their...

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Kering Eyewear acquires Danish eyewear brand Lindberg

Kering Eyewear has acquired 100 percent share capital of Lindberg, a luxury Danish eyewear brand. Commenting on the acquisition, Roberto Vedovotto, president and CEO of Kering Eyewear, said: “I have the highest respect and admiration for what Henrik Lindberg and his family have built over the past 35 years. Lindberg is the absolute luxury...