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...Kering, which has a growing eyewear division, EssilorLuxottica, the world’s largest eyewear manufacturer, Safilo and Marchon have all looked at Marcolin and view the Italian asset as an opportunistic add-on...
...Prada in January announced that Guerra, a former chief executive at eyewear maker Luxottica, would immediately take over from group executives Patrizio Bertelli and Miuccia Prada to facilitate the succession...
...Its jewellery divisions posted double-digit growth in the fourth quarter, while its eyewear division was a bright spot, hitting a new record of €1.5bn in sales for the year....
...It has also a fairly lucrative eyewear business through licensing deals with sunglass manufacturer Marcolin....
...to buy UK electronics retailer Currys (FT) Saudi Aramco increases dividend to nearly $100bn despite oil price falls (FT) Staff in EY’s deals unit hit out at bosses after job cuts and sales slump (FT) Kering...
...The group’s other brands include Saint Laurent, Bottega Veneta and Balenciaga, and it also has a growing eyewear business. It will report annual results on February 15....
...Thomas Chauvet, analyst at Citigroup, said that it made “perfect sense to internalise the beauty business, as [Kering] has done in eyewear in the last seven years”....
...Estée Lauder also licensed the eyewear business to another Italian company, Marcolin....
...The 37-year-old Petruzzo joined the €4.2bn-revenue Prada group from Kering Eyewear’s US division, where she was the chief executive’s deputy, in 2020, only weeks before Italy became the first European country...
...It has also a fairly lucrative eyewear business through licensing deals with sunglass manufacturer Marcolin. Read more here...
...licence with Italian eyewear company Marcolin....
...It also owns Ray-Ban and Oakley, the US sports eyewear brand....
...In eyewear, Kering had been building the business on its own before the Lindberg deal....
...Deals in the past 12 months include LVMH’s purchase of Tiffany & Co, Etro and Off-White; Kering has bought Danish eyewear maker Lindberg and Richemont acquired leather goods brand Delvaux....
...buys US high-end eyewear brand Maui Jim (Reuters) The Big Four face a fraught exit from Russia (FT)...
...Though similar to Burberry and Kering, it will remain about half of Italian peers such as Prada. That makes sense, given diminishing demand for suits....
...(FT) James and Kathryn Murdoch back $250m BlackRock climate fundraising (FT) Natixis/BPCE: au revoir, not adieu from funds giant (Lex) Stellantis to invest more than €30bn in electric vehicles (FT) Kering...
...Artisans practised their trades in small clusters at the show entrance: filing the edge of a pair of eyewear frames, hand-knitting a scarf, pinning a dress to a mannequin....
...Luxury goods powerhouses like LVMH and Kering indirectly employ thousands of embroiderers in India, who are among the best in the world....
...of Citi said he fears that synergies from the merger will remain on paper until there is more integration at a company which faces more competition from new entrants from French luxury groups LVMH and Kering...
...Since the deal, the world’s largest luxury goods groups, LVMH and Kering, have both set up their own eyewear manufacturing factories in northern Italy....
...Every two years, people go for an eye test and their prescription changes and they chuck away their old frames and get new ones,” says Tom Broughton, founder of the London-based eyewear brand Cubitts....
...She first worked with the group when she starred in a campaign for Dior, for whom she later designed a capsule of eyewear. When Kering sold Puma, she brought the label to Arnault....
...In the shadow of Italy’s Dolomites mountains sits the Thelios luxury eyewear factory owned by LVMH....
...On the banks of Lake Como last week, Luxottica, the world’s number one eyewear maker by sales, toasted its latest sunglasses collections before fashion editors flown in from as far away as China, the US...
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