Kering Eyewear news and archive

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....

Business

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...

BusinessFeatured

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...

Business

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...

Business

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...

Business

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...

BusinessFeatured

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...

Business

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...

Business

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...

Fashion

Balenciaga launches first in-house eyewear line with Dover Street Market

Balenciaga is kicking off the new year with the launch of an eyewear collection, available exclusively at Dover Street Market stores in the US, UK, Japan, Singapore and China, as well as on Dover Street Market’s ecommerce. With prices ranging between 290 US dollars (230 pounds) and 570 US dollars (450 pounds), the collection includes both...

Business

Montblanc ditches Marcolin in favor of Kering Eyewear in licensing deal

Montblanc (Richemont) has entered a licensing agreement with Kering Eyewear, allowing it to develop, manufacture and distribute glasses and sunglasses carrying the Montblanc brand. “Montblanc is excited to enter a new relationship with Kering Eyewear, a partner known globally for manufacturing some of the finest luxury eyewear”, said Montblanc’s...

Business

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...