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Kering buys U.S. high-end eyewar brand Maui Jim -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: The brand of Kering is seen through the firm’s 2015 annual outcomes presentation in Paris, France, February 19, 2016. Gucci proprietor Kering, the French luxurious and sports activities model group, reported a forecast-beating rebound in gross sales within the fourth quar

PARIS (Reuters) – French luxurious group Kering (PA:) mentioned on Monday its Kering Eyewear division had signed an settlement to accumulate U.S. high-end sunglass maker Maui Jim, Inc. for an undisclosed quantity.

Based in 1987 in Hawaii, Maui Jim is the world’s largest independently owned high-end eyewear model with a number one place in North America, the assertion mentioned.

This acquisition, which follows that of Danish luxurious eyewar maker Lindberg, is “a serious step for Kering Eyewear, which has now develop into unparalleled in its market phase, additional validating the technique that laid behind its creation by Kering in 2014,” Roberto Vedovotto, President and CEO of Kering Eyewear, was quoted as saying.

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