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.

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

This story is tagged under:
 
SPONSORED VIDEO

Hear What the Industry Thinks About the Ultimate Lens Package by Essilor

Eye care professionals, patients, and Essilor sales consultants shared their feedback on the Ultimate Lens Package. Watch to see why they believe the innovation behind the lens can make the difference for your practice and for your patients. For more information on the Ultimate Lens Package, contact an Essilor Sales Consultant or click here.


INVISIONMAG ON INSTAGRAM

Promoted Headlines