Home Luxury brand Kering acquires the American high-end eyewear brand Maui Jim

Kering acquires the American high-end eyewear brand Maui Jim

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The logo of Kering is seen during the company’s 2015 annual results presentation in Paris, France, February 19, 2016. Gucci owner Kering, the French luxury and sports brand group, reported a a sales rebound in the fourth quarter under its new designer and CEO, helped by solid growth in Western Europe and Japan. REUTERS/Charles Platiau

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PARIS, March 14 (Reuters) – French luxury group Kering (PRTP.PA) said on Monday that its Kering Eyewear division has signed an agreement to acquire U.S. high-end sunglasses maker Maui Jim, Inc. for a undisclosed amount.

Founded in 1987 in Hawaii, Maui Jim is the world’s largest independent premium eyewear brand and holds a leadership position in North America, according to the release.

This acquisition, which follows that of the Danish luxury eyewear manufacturer Lindberg, is “a major step for Kering Eyewear, which is now unrivaled in its market segment, further validating the strategy that led to its creation by Kering in 2014”. , Roberto Vedovotto, President and CEO of Kering Eyewear, was quoted as saying.

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Reporting by Dominique Vidalon; edited by Tassilo Hummel

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