Kering Eyewear completes Lindberg acquisition
The Danish luxury eyewear brand will now be consolidated into Kering’s accounts
Kering Eyewear has completed the acquisition of Danish luxury eyewear brand, Lindberg.
The agreement was announced in July 2021 for Kering Eyewear to acquire 100% of the share capital of Lindberg.
The acquisition has now received clearance from the relevant antitrust authorities and Lindberg will be consolidated in Kering accounts from the fourth quarter of 2021.
Lindberg was founded as an optical store in 1969 by the Lindberg family and developed under Henrik Lindberg into the luxury brand. The manufacturer creates lightweight and customisable frames with a specialisation in titanium and made-to-order capabilities.
Announcing the agreement earlier this year, Kering described Lindberg as a “sizeable and very profitable company with strong growth potential,” adding that the acquisition forms an “important milestone” in its expansion plans and development strategy.
Kering Eyewear suggested the addition of the Lindberg brand to its portfolio would further reinforce its position in the luxury eyewear market segment and would contribute to the acceleration of its growth and profitability, with synergies in distribution and geographical reach.
On the summer announcement, president and CEO of Kering Eyewear, Roberto Vedovotto, welcomed the Lindberg brand, calling it “the absolute luxury eyewear… a perfect complement to the brand portfolio that Kering Eyewear has been assembling.”
Henrik Lindberg, founder and CEO of the luxury eyewear brand, shared: “35 years ago we started our company in two small back rooms behind our family optical store, with nothing more than the idea of bringing unseen comfort and quality to the eyewear business. Thanks to a team of dedicated employees, we can now – in Roberto Vedovotto’s own words – call ourselves makers of ‘absolute luxury eyewear.’”
Kering Eyewear, part of the Kering group, designs, developes and distributes eyewear for a portfolio of 15 brands including Gucci, Cartier, Chloé, Alexander McQueen and Puma.