Logo Eyewear, a major French eyewear company that has the license for Fred and Tag Heuer eyewear and many new projects with brands such as Rossignol, Leica and McLaren (see EWI Vol. 17 N° 3 of Feb. 26, 2016), is said to have run into financial problems. Officials of the company declined to comment, indicating that Logo is planning soon to make a statement on the issue.
Logo has been making finished glasses at its own factory in the Jura region of France, only using its Indonesian plant to make their components. We have already reported in our last issue about the insolvency last month of another French manufacturer of high-end eyewear, Henry Jullien.
Another manufacturer in the Jura region, Albin Paget, had been forced to shut down its factory last summer, after going into receivership a year earlier. However, one of Albin Michel's former accountants, Judith Bailly-Maitre, has reportedly formed a new company under the same name with a member of the founding family, Christophe Paget.
According to the Acuité.fr news service, the company has re-started a small production of acetate frames, after receiving a first order for 30,000 units made in France from Alain Afflelou. The company has dropped its production of metal frames.