82 522
Fashion Jobs
HENKEL
Material Handler
Permanent · BAY POINT
HENKEL
Director, Business Development
Permanent · ROCKY HILL
HENKEL
Quality Manager
Permanent · LAGRANGE
HENKEL
Market Segment Manager Defense & Space
Permanent · ROCKY HILL
HENKEL
Global Key Account Manager - Consumer Device Southern California
Permanent · IRVINE
SACK OFF 5TH
Asset Protection Uniform Guard
Permanent · PARAMUS
SACK OFF 5TH
Asset Protection Investigator
Permanent · SHREWSBURY
SACK OFF 5TH
Fulfillment Associate Part-Time
Permanent · LAWRENCEVILLE
NGG
Sales Supervisor
Permanent · NEW YORK
COTY
Assistant Marketing Manager, us Luxury - Burberry Makeup
Permanent · NEW YORK
NORTH CAROLINA STATE
Enterprise Research Administration Training Manager
Permanent · RALEIGH
NORTH CAROLINA STATE
Academic Coordinator
Permanent · RALEIGH
CENTRIC BRANDS
(Assistant) Manager, Logistics (Origin Carriers)
Permanent · NEW YORK
CENTRIC BRANDS
Keyholder, Robert Graham - Scottsdale
Permanent · SCOTTSDALE
CENTRIC BRANDS
Keyholder, Robert Graham - Las Vegas (Forum Shops)
Permanent · LAS VEGAS
MICHAEL KORS
PT Sales Supervisor, Walt Whitman Shops Huntington Station NY 11746
Permanent · HUNTINGTON
JCREW
Associate Manager
Permanent · CHARLOTTE
RAG & BONE
Account Executive
Permanent · NEW YORK
RAG & BONE
Senior Coordinator, Retail Marketing
Permanent · NEW YORK
MACY'S
Manager, Asset Protection
Permanent · FRIENDSWOOD
MACY'S
Asset Protection Detective, Southlake Mall - Part Time
Permanent · CLAYTON
MACY'S
Asset Protection Detective - Multi-Store, South Shore Plaza - Full Time
Permanent · BRAINTREE
Published
Mar 22, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

Kering inks eyewear partnership with Cartier

Published
Mar 22, 2017

Richemont will acquire a reported 30% stake in Kering Eyewear, a specialist company within the Kering empire that manufactures and distributes the eyewear of twelve brands in the French luxury group - Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Pomellato and Puma.


Cartier glasses will soon be manufactured by Kering Eyewear - cartier.com


Kering Eyewear added in a release that it will acquire the Manufacture Cartier Lunettes plant in Sucy-en-Brie, France. Cartier had been one of the few luxury brands to actually still manufacture its one-eye glasses. Allowing Kering Eyewear, which largely produces its eyewear via contract with Safilo of Italy to gain control of a state-of-the-art manufacturing plant. Terms of the deal were not revealed.
 
Cartier eyewear are some of the most expensive on the market, priced at around 800 euros, compared to Gucci – the biggest fashion brand in Kering – which retails its sunglasses for around 300 euros on average.
 

Gucci is Kering's biggest fashion brand - Gucci


Cartier is the key jewelry brand in the luxury empire of Compagnie Financière Richemont, a group primarily focused on hard luxury, principally watchmakers. Besides Cartier, Richemont controls such stellar labels as Van Cleef & Arpels, Piaget, Vacheron Constantin A. Lange & Söhne, Jaeger-LeCoultre, Officine Panerai, IWC, Baume et Mercier, Montblanc, Alfred Dunhill, Lancel, Chloé, British gun maker James Purdey and the largest single stake in Yoox Net-a-Porter.

Launched in 2013, Kering Eyewear was a path-breaking approach to its sector. Previously, most major fashion and luxury brands signed licenses with eyewear and sun glass manufacturers, mostly based in Italy – like Luxottica and Marcolin and Safilo. The latter previously held many of the Kering company licenses.
 
In a release, Kering and Cartier said they, “plan to enter into a strategic partnership bringing their operations together to create a stronger platform for the development, manufacturing and worldwide distribution of the Cartier eyewear collection. This project is subject to clearance by antitrust authorities.”
 
The first products from the new partnership will be presented at trade fair Silmo in Paris from October 6 to 9.  The move is a major success for Kering Eyewear CEO Roberto Vedovotto, the dynamic Italian who has led the division since it opened. Already by 2016, Kering Eyewear posted revenues of 340 million euros.
 
Kering and Richemont are generally ranked as the world’s second- and third-largest luxury groups. The industry industry leader LVMH recently acquired a 10% stake in Marcolin, which will create and make the eyewear of both Céline and Louis Vuitton beginning in 2018. All of this activity testifying to the difficulty luxury groups – which like to control their own retail stores – have in this sector, where a fashion house would often distribute its eyewear in many thousands of stores globally.

Copyright © 2024 FashionNetwork.com All rights reserved.