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Eyewear Group Acquires French Company

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The firm describes itself as a “rapid-growth challenger.”

Mondottica Group announced that it is aquiring French eyewear manufacturer and distributor Lunettes Yves Cogan.

Michael Jardine, founder and CEO of Mondottica, said in a press release: “We have known and respected Yves COGAN’s work for many years and are very pleased to have the company become a member of the Mondottica family.”

With the acquisition, Mondottica “continues to strengthen its position as a rapid-growth challenger in the premium and luxury eyewear market,” according to the release.

Financial terms of the deal were not disclosed.

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Business of Fashion reports that with the deal, Cogan will be able to grow its distribution internationally.

Mondottica, meanwhile, “now becomes a fully fledged manufacturing company,” according to Business of Fashion. The company stated that the deal will enable it to “expand in the hyper-luxury segment through its dedicated business unit Brando, and also to provide further production and tech innovation capabilities to the group’s new own-brand division, Spine Optics.”

Read more at Fashion Network

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