Page 62 - The Indian Optician Digital Edition July-August 2021

KERING EYEWEAR

ACQUIRES LUXURY BRAND

LINDBERG

DETAILING SEEN IN
LINDBERG EYEWEAR

lobal luxury group Kering manages the development
of renowned names in fashion, leather goods, jewellery
Gand watches. Kering Eyewear, part of the Kering Group,
designs, develops and distributes eyewear for 15 brands including
Gucci, Cartier, Saint Laurent, Bottega Veneta, Balenciaga,
Alexander McQueen, Montblanc, and Dunhill.

Since it was set up in 2014, Kering Eyewear has built an
innovative business model that enabled the company to reach
a critical size in the market with close to €600 million wholesale
external revenues pre-Covid (FY2019).
In a new development announced this July, Kering Eyewear
and the Lindberg family have signed an agreement for the former
to acquire 100% of the share capital of Lindberg. The transaction
is subject to the clearance by the relevant competition authorities ROBERTO VEDOVOTTO
and is expected to complete in the second half of 2021. CEO, KERING EYEWEAR

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