Thélios, since the end of 2021 completely in the portfolio of luxury goods group LVMH announced that it has acquired the French brand Vuarnet from the British investment fund NEO Investment Partners.
This is the first acquisition of Thélios, which until now has taken care of the design, production and distribution of the frames of luxury brands under the LVMH umbrella such as those of Dior, Fendi, Celine, Givenchy, Loewe, Stella McCartney, Kenzo, among others.
“Vuarnet is a legendary brand with a remarkable history that deserves to be preserved and continued,” Thélios CEO Alessandro Zanardo. “Its iconic design, its unsurpassed expertise in mineral glass manufacturing and its recognized values of innovation, performance and elegance are a perfect fit with our philosophy and positioning.”
“This partnership guarantees Vuarnet access to Thélios’ resources, particularly in the areas of research and development and technical expertise. Vuarnet will also benefit from Thélios’ global presence to drive the expansion and growth of the brand,” the statement said.
Nothing was disclosed about the purchase price.
