Connect with us

Headlines

LVMH and Marcolin Are Planning a Major Deal, Report Says

mm

Published

on

LVMH could strengthen its control of eyewear production.

LVMH plans to acquire a stake in Italy-based eyewear producer Marcolin, Reuters reports.

The stake could amount to as much as 10 percent, according to the news service, which cited a source close to the matter.

Reuters quoted the source saying, “LVMH, like other luxury groups, has decided to strengthen its control over eyewear production and is working on a production agreement with Marcolin.”

LVMH is a Paris-based luxury goods conglomerate. Marcolin is held by PAI partners, a private equity group.

Advertisement

If the deal happens, it could mean that LVMH is seeking to “integrate vertically in the eyewear business,” said Luca Solca, an analyst at Exane BNP Paribas, according to Reuters.

Read more at Reuters

Advertisement

SPONSORED VIDEO

SPONSORED BY SHAMIR

Shamir Glacier PLUS™UV

Utilizing the most advanced technologies, Shamir Glacier PLUS™ UV ensures you receive the most enhanced performance from your lenses.

Promoted Headlines

Advertisement

Advertisement

Subscribe


BULLETINS

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

Advertisement

Most Popular