All Kering Eyewear articles
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ArticleKering Eyewear stands out with 8% Q1 revenue hike as group topline slips
As in the last quarter of 2023, Kering Eyewear was the only business unit of French luxury group Kering that reported a revenue increase in Q1 2024 as reported sales of optical frames and sunglasses rose by 7 percent year-on-year to €463 million. On a comparable currency basis, Kering ...
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Marcolin negotiations with strategic investors reportedly hit a €1.3 billion snag
According to an article published last Saturday by the Financial Times (FT), EssilorLuxottica, Kering, Safilo and Marchon have all expressed interest in the acquisition of Marcolin, as PAI Partners is looking to sell its majority stake in the company. While EssilorLuxottica and Kering seem to be the most likely candidates ...
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Maui Jim partners with Red Bull events
Maui Jim has announced that it has signed a three-year partnership with Red Bull for the “co-creation” of a series of action sports events. These Red Bull-branded events, focused on skateboarding and watersports, include Boarding Pass and Terminal Takeover (skateboard, New Orleans, U.S.), Magnitude (surf, Hawaii, U.S.), Cope ‘n’ waken ...
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ArticleKering Eyewear sales surge 35 percent in 2023
Kering Eyewear continues to outperform the other subsidiaries of French luxury goods group Kering, with annual revenues in 2023 jumping by 35 percent to €1,502 million. It was the only unit to post topline growth last year. Currency and scope effects boosted full-year revenues by 25 percent, as ...
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News briefsKering aims at Maui Jim’s “global refresh” with new campaign
Maui Jim’s new advertising campaign features its global ambassador Evan Mock, an American actor, skateborder and model with Hawaiian roots. Dubbed “Color You Can Feel,” the campaign accompanies the launch of a new collection, Ekahi, the brand’s first to be designed and produced by Kering Eyewear. According to the group, ...
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News briefs
Bags and accessories’ luxury sales up 15 % in 2022
Luxury good sales in the bag and accessories segment, in which eyewear is included, went up by 15.3 percent year-on-year to $3.6 billion in 2022 according to Deloitte’s annual ranking of the hundred largest luxury companies worldwide. The category, which accounts for approximately 1 percent of total luxury goods’ sales, ...
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ArticleKering Eyewear fueled by Maui Jim in Q3 as comparable growth drops
Kering Eyewear was again the best-performing unit of Kering in the third quarter of this year, and the only one that posted a sales increase, as the French luxury group’s fashion brands were severely hit by the general slowdown in the global luxury market, particularly in Europe and North America. ...
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News briefs
Kering Eyewear gathers supply chain partners for Sustainability Day
Kering Eyewear gathered its key Italian supply chain partners at its headquarters in Padua on Sept. 5 for its Sustainability Day. The event included a workshop by Anna Zandanel, a sustainability and innovation business advisor who shared information on circular economy practices in the eyewear industry with the 40 attendees. ...
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Kering Eyewear to Maui support fund after wildfires
Kering Eyewear, owner of the Hawaian brand Maui Jim, has announced that it was making a donation to Hawaii Community Foundation’s Maui Strong Fund, to assist the victims and support the rebuilding efforts followig the devastating wildfires in Lahaina earlier this month. Maui Jim, which has a local store and ...
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ArticleKering Eyewear posts 21 % comparable growth in Q2
French luxury group Kering has reported a 54 percent year-on-year revenue growth to €428 million in Q2 for its eyewear unit, Kering Eyewear. While scope expansion, with the integration of Maui Jim, and currency tailwinds were the main contributors to the revenue jump, the eyewear division sales also grew by ...
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News briefs
Class action filed in the U.S. against EssilorLuxottica and other eyewear and luxury groups
A consumer antitrust class action was filed last Friday at the US District Court, in the Northern District of California (San Francisco), against EssilorLuxottica and over 50 companies in the eyewear and luxury sectors for anticompetitive practices, Bloomberg and other U.S. media report. The Italo-French group is reportedly presented by ...
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ArticleMaui Jim integration adds to Kering Eyewear 11% comparable growth for a strong Q1
As expected following the integration of the Maui Jim business into the company’s results since October last year, Kering Eyewear revenue jumped by 44 percent year-on-year in the first quarter of 2023 to €433 million. On a comparable scope basis, the eyewear unit of the French luxury group posted a ...
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ArticleSafilo turns to luxury eyewear and fashion companies for its Longarone plant
Angelo Trocchia, CEO, indicated that the company is evaluating the “potential transfer of the Longarone plant to third parties with a view to preserving the know-how of the site and minimizing the social impact on the territory”. Trocchia, who was speaking during a capital markets day with analysts following the ...
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ArticleKering Eyewear speeds over the €1bn mark
Kering Eyewear has reported €1,115 million in annual revenue for 2022, up by 59.7 percent from 2021, with an almost equal contribution to growth from acquisitions and existing portfolio. In the last two years, the subsidiary of French luxury group Kering has more than doubled its topline figure. In more ...
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News briefsNew release to Kering Eyewear art collaborative project
Kering Eyewear is releasing the second delivery of its “Kering Eyewear Through Their Eyes”, a two-year collaborative project in which international artists “interpret the company’s DNA”. The new release consists of a collaboration with Greg Guillemin, also known as “Léon”, a Paris-based artist influenced by pop culture. Zero to Hero, ...
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ArticleEyewear companies climb in Deloitte luxury players’ ranking
Along with Thélios and Kering Eyewear, the eyewear subsidiaries of LVMH and Kering, three Italian-based eyewear manufacturers have been listed in the 2022 edition Deloitte’s “Global Powers of Luxury Goods”, an annual report ranking the 100 largest luxury companies in the world. Companies were ranked according to their consolidated sales ...
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ArticleSafilo maintains growth pace, except in the U.S., improves margins
The Safilo Group has reported a 14.9 percent year-on-year revenue increase to €260.4 million for the third quarter of the current fiscal year, as a 5.6 percent rise in organic sales was further boosted by favorable currency effects linked to the strong U.S. dollar. Organic sales include the group’s proprietary ...
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ArticleKering Eyewear doubles operating income in H1
Kering Eyewear sales increased by 50 percent year-on-year to a total of €591 million for the first half of the 2022 year. The eyewear unit was the fastest growing division of the larger Kering group whose total revenues for the period increased by 23 percent versus 2021. Kering ...
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News briefs
Kering launches two-year collaborative campaign
Kering Eyewear has launched the “Kering Eyewear Through Their Eyes” project, a two-year marketing campaign of collaborations with designers and artists in various parts of the world. Each season will feature a different one. First up is Camilla Falsini, an illustrator, muralist and multimedia artist working in Rome. Her contribution, ...
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ArticleKering Eyewear sets €2bn annual revenue target
As part of its capital markets day last week, French luxury group Kering presented an update on the business of Kering Eyewear, announcing a midterm revenue target of €2 billion per year, compared to €706 million in 2021, and an EBIT margin of over 15 percent. The group also shared ...
