All Kering Eyewear articles – Page 2
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ArticleRevenue boost for Kering Eyewear in Q1
Kering Eyewear quarterly revenues reached €300 million for the first quarter of 2022, a significant jump from the €185 million reported in the previous year. The eyewear division of Kering was the fastest growing unit in Q1 for the French luxury group, whose total reported sales increased by 27 percent ...
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ArticleKering Eyewear to acquire Maui Jim
Kering Eyewear is acquiring Maui Jim, the world’s largest independent brand of high-end sunglasses. The deal is subject to approval by regulators but should be complete by the second half of 2022. Speaking at a press conference this morning, Kering Eyewear’s president and CEO, Roberto Vedovotto, did not wish to ...
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ArticleKering Eyewear comparable sales up 45% in 2021
Reporting its annual results last week, French luxury group Kering announced that external sales of its Kering Eyewear subsidiary reached a total of €726 million in 2021. After elimination of royalties and intragroup sales, Kering Eyewear posted consolidated revenues of €599 million, including the consolidation of the acquired Lindberg business ...
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News briefs
Five brands to use Kering’s Blue & Beyond lenses
Kering Eyewear’s Blue & Beyond initiative, launched in May 2021, has expanded from three brands, Gucci, Saint Laurent and Montblanc, to five with the addition of Chloé and dunhill. Blue & Beyond combines blue-light-filtering with photochromism, to protect the wearer at once from the high-frequency light of screens and from ...
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ArticleLVMH takes full control of Thélios
LVMH and Marcolin have announced in a short common statement last Friday the end of their joint venture partnership in Thélios, with the French luxury group purchasing the 49 percent share of Marcolin in the company. No financial details were disclosed. LVMH, which becomes the sole owner of Thélios, said ...
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ArticleKering Eyewear banks on blockchain for supply chain sustainability
Kering Eyewear is launching a blockchain-based sustainable initiative in order to measure the overall impact of its finished products through a collaborative platform involving the suppliers at all levels of its entire value chain. Called V.I.R.T.U.S., an acronym standing for Verified, Integrated, Reliable, Trustworthy and Secure, is being described by ...
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ArticleSolid growth for Kering Eyewear in Q3
Kering Eyewear reported total revenues of €168 million for the third quarter of its current fiscal year. Corrected from royalties and intragroup operations, Q3 consolidated sales stood at €138 million, representing a 25 percent increase from the same period last year, and also significantly higher than the €100 million reported ...
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News briefs
Kering Eyewear to integrate Zeiss Sunlens’ new eco-friendly lenses
Kering Eyewear and ZEISS Sunlens have announced the reinforcement of their longtime collaboration, focusing on sustainability and reducing the carbon footprint of sunglass manufacturing. This year, ZEISS Sunlens has developed new eco-friendly lenses with a 39 percent share of bio-based material produced from organic waste. That, combined with ...
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ArticleKering Eyewear H1 sales top 2019 level by 22%
Kering Eyewear reported a 61.8 percent year-on-year jump in revenues and on comparable currency basis, reaching €383 million for the first half of its 2021 fiscal year. Deducting €57 million in royalties and intragroup sales, the company’s net contribution to the group’s H1 revenues totaled €326 million, up 69.8 percent ...
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ArticleKering Eyewear acquires Lindberg
Kering Eyewear , an entity of the French luxury group Kering , announced on July 8 the acquisition from the Lindberg family of 100 percent of the share capital of LINDBERG , the Danish-based independent eyewear company. The details of the transaction, which is expected to complete later this year ...
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News briefsKering Eyewear launches new retail concept
Kering Eyewear is launching its Digital Retail Concept, a new store design in which digital screens play branded videos that can be updated at any time, switching from multi-brand to single brand contents and therefore allowing for a quick and easy change in the store lay-out. The new concept ...
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ArticleStrong rebound for Kering Eyewear in Q1
Kering Eyewear revenues strongly rebounded in the first quarter of the current financial year, after having declined by 8.6 percent in the second half of 2020. Total revenues in the Corporate Other segment of the French luxury group, which accounts for 96 percent of ...
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ArticleKering Eyewear’s sales recover in H2
In 2020, Kering Eyewear posted sales of €487.1 million, down by 17.6 percent on a comparable basis. After being hard hit by Covid-19 related lockdowns in the first half, particularly in travel retail, revenues recovered in the second half, when the decline narrowed to 8.6 percent. After excluding ...
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News briefsKering Eyewear H1 sales down by 24.4%
Kering Eyewear posted revenues of €242.6 million in the first half, down by 24.4 percent as reported and 24.9 percent on a comparable basis. After a solid start to the year, revenue declined by 49.3 percent on a comparable basis in the second quarter, heavily impacted by store closures, ...
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News briefs
Kering Eyewear takes over Dunhill license
Kering Eyewear is taking over the Dunhill license from De Rigo and reinforcing its partnership with the Swiss luxury goods group Richemont , which owns the brand and is a minority shareholder in Kering Eyewear. The Italian company recently announced that it had obtained the Chloé license, ...
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News briefs
Kering Eyewear takes over Chloé license from Marchon
Kering Eyewear is taking over the worldwide eyewear license for the Chloé brand, which is owned by the Swiss luxury goods group Richemont , from Marchon , who has held it for the past nine years. The handover is scheduled to take effect in January 2021. Kering Eyewear ...
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Article
Richemont enjoys strong demand in China but warns that Covid-19 impact may last
As China has become the bellwether on how fast an economy can recover from the Covid-19 crisis, Richemont pointed out that it is currently enjoying strong demand in the country. Nevertheless, it warned that the impact of the virus on the global economy may last a long time.
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News briefs
Kering Eyewear feeds its parent
Kering Eyewear contributed revenues of €474 million to the turnover of the Kering group in 2019, up by 18.2 percent on a comparable basis from 2018. The rise was fueled by the Gucci , Cartier and Saint Laurent licenses and the takeover of the Montblanc and Balenciaga licenses. With intra-group ...
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