Kering and Maison Cartier join hands to develop eyewear

Kering’s subsidiary Kering Eyewear and the Maison Cartier, owned by Compagnie Financière Richemont have decided to enter into a strategic partnership bringing their operations together to create a stronger platform for the development, manufacturing and worldwide distribution of the Cartier eyewear collection subject to clearance by antitrust authorities.

Under the terms of the agreement, Richemont will acquire a minority stake in Kering Eyewear, a specialised company fully dedicated to the eyewear activity of twelve brands including Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Pomellato and Puma under the Kering Group. Kering Eyewear will notably integrate the Manufacture Cartier Lunettes entity in Sucy-en-Brie, France.

The statement said that subject to closing, the Cartier 2018 Spring Summer collection, which will be presented during the forthcoming Silmo in Paris from October 6-9, 2017, will mark the official beginning of the partnership.

Picture:Facebook/Gucci