×
2 558
Fashion Jobs
URBN
Free People Assistant Visual Manager - Kings Road, London
Permanent · LONDON
URBN
Anthroplogie Visual Manager - Regent st, London
Permanent · LONDON
ESTEE LAUDER
Clinique - Consultant - Jollys, Bath - 7.5 Hours - Part Time, Permanent
Permanent · Bath
ESTEE LAUDER
la Mer - Business Manager - Selfridges, Exchange, Manchester - 37.5 Hours / 5 Days - Full Time, Permanent
Permanent · Manchester
ESTEE LAUDER
Clinique - Consultant - John Lewis, Cribbs Causeway - 13 Hours - Part Time, Permanent
Permanent · Patchway
ESTEE LAUDER
Tom Ford, Frederic Malle, by Kilian - Business Manager - Harvey Nichols, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
AESOP
Retail Consultant | Part Time, Permanent | New Aesop Battersea Power Station, London
Permanent · London
AESOP
Retail Consultant | Full-Time, Permanent | New Aesop Battersea Power Station, London
Permanent · London
BERSHKA
General Manager - Bershka Blanchardstown
Permanent ·
STRADIVARIUS
General Manager - Stradivarius Jervis
Permanent ·
STRADIVARIUS
Stradivarius General Manager Stratford
Permanent · LONDON
HEAD OFFICE
Commercial Buying Product Expert
Permanent · BRACKNELL
DEBENHAMS
CRM Assistant
Permanent · LONDON
HEAD OFFICE
Information Security Analyst (Cloud), Secure by Design
Permanent · BRACKNELL
AUTUMNPAPER LIMITED
Alexander Mcqueen Senior Performance Marketing Manager - 12 Month Ftc
Permanent · LONDON
DR. MARTENS
Retail Regional Manager - UK
Permanent · LONDON
BOOHOO GROUP
Warehouse Operative
Permanent · BURNLEY
VF INTERNATIONAL
Account Coordinator - Italian Speaking - Vans
Permanent · NOTTINGHAM
VF INTERNATIONAL
Senior Distribution Systems Specialist
Permanent · COALVILLE
VF INTERNATIONAL
dc Inventory Team Leader
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
Published
Mar 22, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

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 © 2022 FashionNetwork.com All rights reserved.