Kering Eyewear and the Lindberg family have signed an agreement for Kering Eyewear to acquire 100 per cent of the share capital of Lindberg.
Founded in 1969 in Denmark by optician Poul-Jørn Lindberg and his wife as an optical store and turned into a multinational company by their son Henrik, Lindberg is a high-end manufacturer of design-oriented, lightweight, and customisable optical frames with a specialisation in titanium.
This acquisition is an important milestone in the successful expansion of Kering Eyewear and perfectly fits with its development strategy. Since its start in 2014, Kering Eyewear has built an innovative business model that enabled the company to reach a critical size in the market with close to €600M wholesale external revenues pre-Covid (FY2019).
Roberto Vedovotto, President and CEO of Kering Eyewear, declared: “We are thrilled to welcome LINDBERG into the Kering Eyewear family. I have the highest respect and admiration for what Henrik Lindberg and his family have built over the past 35 years. LIindberg is the absolute luxury eyewear and it will come as a perfect complement to the brand portfolio that Kering Eyewear has been assembling since 2014, making it even more relevant to our specialized distribution network.”
