Kering Eyewear aims for 600 million by the end of 2019

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    The activity of Kering Eyewear, the luxury eyewear brand owned by french colossus François Pinault, proceeds positivelyy.

    After concluding a 2018 that exceeded expectations, recording consolidated revenues of 391 million euros (495 million before the elimination of the costs of sales and infra-group royalties paid to the Group maisons), the brand driven from Roberto Vedovotto, former number one of Safilo, is about to face the next challenge: to reach 600 million by the end of the year, with the complicity of the debut of Balenciaga frames and the new Swiss entries Cartier and Montblanc.

    The Richemont Group, at the head of the latter, in fact signed a strategic partnership with Kering Eyewear in 2017, of which it became a minority shareholder, acquiring 30% of the capital.

    There’s a chance that the production of the line of glasses of other brands of the Company will soon start, among which Chloé, Dunhill and Alaïa stand out.

    To drive the revenues of the eyewear brand of Kering, which today produces sunglasses and optical frames of 15 brands and which closed the first quarter of 2019 at + 23%, remains Gucci, followed by the good performances of Cartier, Montblanc and Balenciaga.

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