Agenda-setting intelligence, analysis and advice for the global fashion community.
When Kering announced the creation of its eyewear division in 2014, the consensus view was that this was a risky move, almost a step too far. Kering’s eyewear division is now targeting annual revenues of over $2 billion, with much of that coming from licences that have lapsed with Italian eyewear manufacturer Safilo, leaving Safilo’s valuation in the doldrums. (To make matters worse for Safilo, LVMH which had initially set up a joint venture with the company, eventually set up its own eyewear division, Thélios, in partnership with Safilo’s rival Marcolin, resulting in the loss of further licences for the struggling eyewear group).
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