Connect with us

Headlines

Here’s What’s Really Driving the LVMH-Marcolin Deal

mm

Published

on

Eyewear groups have a “wealth of opportunity.”

The eyewear market is changing quickly, with LVMH and Marcolin planning a joint venture and Luxottica and Essilor planning a merger.

And you can chalk much of the action up to a burgeoning middle class, Business of Fashion reports.

The publication explains that the trend “represents a wealth of opportunity for global luxury groups to further expand their offering to a wider net of consumers” and that it’s one that companies such as LVMH “are evidently keen to gain further control over.”

Luca Solca, head of luxury goods at Exane BNP Paribas, tells the publication that eyewear “is accessible in absolute price terms, and dovetails with middle class consumers driving luxury growth going forward.”

Advertisement

Kering also got in on the trend when it brought its brands in-house, severing an agreement with Safilo.

The challenge for companies that aren’t Luxottica, however, is scale. It’s hard to rival what the industry giant has built in terms of manufacturing, distribution and sales capacity.

Read more at Business of Fashion

SPONSORED VIDEO

Crizal® Sapphire™ HR: Invisible Shield of Protection

Your patients’ main concerns of anti-glare, scratch resistance, and easiness to clean are covered. Crizal Sapphire HR, the latest and most advanced product in the Crizal No-Glare range, is now widely available across lab networks and through all major managed vision care providers. Crizal Sapphire HR is available with Essilor’s advanced lens designs such as Varilux® progressive lenses and Eyezen® enhanced single vision lenses. Click here to learn more. *External laboratory tests and internal technical tests – 2020. Compared to the competitor most known lens-brands by consumers (2019 external brand tracking in 11 countries). The word ’overall’ refers to anti-reflective coatings important criteria, ranked through an external quantitative consumer study – 2019.

Promoted Headlines

Advertisement

Advertisement

Subscribe

INVISIONMAG.COM
BULLETINS

Get the most important news and business ideas for eyecare professionals every weekday from INVISION.

Advertisement

Advertisement

Most Popular