LVMH’s prestigious eyewear division, Thelios, announced on Tuesday its acquisition of the renowned French luxury sunglass brand, Vuarnet, from NEO Investment Partners. While specific financial details remain undisclosed, this strategic move marks Thelios’s inaugural brand acquisition.
Thelios, celebrated for its design, production, and distribution of sunglasses and optical frames for iconic brands like Dior, Fendi, and Givenchy, is setting its sights on a new horizon. The acquisition of Vuarnet signifies Thelios’s commitment to «restore the brand’s former glory.»
What makes this acquisition particularly compelling is Vuarnet’s exceptional expertise in mineral lenses—a niche that promises to enrich the group’s capabilities significantly.