Kering Eyewear achieved sales of €383 million in the first half of 2021, up +62% on the same period last year. It also beat its pre-COVID 2019 performance by +22%.
The company, part of multinational luxury goods group Kering, reported a particularly strong performance in the second quarter, with all brands and geographies driving growth, led by North America and Europe.
It acquired Chloé and Dunhill in the early part of the year but, according to the company, they accounted for “only a fraction” of the sales growth.
Earlier this month, Kering Eyewear also acquired the Danish luxury eyewear brand Lindberg, signing an agreement to buy 100% of the share capital from the Lindberg family.
Founded in 1969 in Denmark, Lindberg is a multinational high-end manufacturer of design-oriented, lightweight, and customisable optical frames with a specialisation in titanium.
In a statement Kering Eyewear said: “Thanks to their business complementarities, both companies will be able to leverage their respective strengths across the value chain, with synergies in distribution and geographical reach notably. This will contribute to accelerating the growth and enhancing the profitability of Kering Eyewear.”
The deal is subject to clearance by the relevant competition authorities and is expected to complete in the second half of 2021.
As reported, parent group Kering reported strong sales growth for the first half of 2021 with consolidated revenue of €8 billion, up more than +54% on last year. This was also +8.4% higher than for the same period in pre-COVID 2019.
