Lindberg snapped up by Kering Eyewear
Author: Simon Jones
Lindberg and multinational fashion house Kering Eyewear have signed an agreement for the acquisition of 100% of the share capital of the long-standing Danish eyewear manufacturer and designer.
On the acquisition, Kering Eyewear president and CEO Roberto Vedovotto said: ‘We are thrilled to welcome Lindberg into the Kering Eyewear family. I have the highest respect and admiration for what Henrik Lindberg and his family have built over the past 35 years. Lindberg is the absolute luxury eyewear and it will come as a perfect complement to the brand portfolio that Kering Eyewear has been assembling since 2014, making it even more relevant to our specialised distribution network.’
Kering Eyewear said both companies would be able to leverage their respective strengths across the value chain, with notable synergies in distribution and geographical reach, accelerating the growth and enhance the profitability of the company.
The transaction, of which the remained undisclosed, was subject to the clearance by the relevant competition authorities and was expected to complete in the second half of 2021.