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LVMH to buy Marcolin’s 49% stake in joint-venture Thelios -Breaking

by Mike Robinson

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© Reuters. A element of the facade of the Louis Vuitton retailer is seen at Miami Design District, in Miami, Florida, U.S. November 30, 2021. REUTERS/Marco Bello

(Reuters) – France’s LVMH has reached an settlement with Italian group Marcolin to purchase a 49% stake in eyewear designer Thelios, the 2 firms mentioned on Friday in a joint assertion.

Individually, Marcolin will purchase again the ten% stake LVMH acquired within the agency when Thelios was based in 2017.

The combination of the joint-venture to LVMH represents a chance for the French luxurious group to strengthen its presence within the eyewear trade, the businesses added.

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