Luxury conglomerate Kering has recently announced that it has acquired “more than 90%” of popular American eyewear brand Maui Jim. This acquisition is set to strengthen Kering’s already impressive eyewear brand portfolio, which includes renowned names like Gucci, Cartier, and Saint Laurent. The deal, which was initially revealed in March, is expected to be finalized by the end of 2022, with Maui Jim’s integration into Kering’s accounts starting from October 1 of this year.

Established in 1987 in Hawaii, Maui Jim has earned the reputation of being the world’s largest independent sunglasses brand. The company boasts impressive annual sales figures ranging from €300 to €350 million and distributes its high-end sunglasses and optical frames in over 100 countries. With around 1,000 employees worldwide, Maui Jim’s headquarters is located in Peoria, Illinois.

This latest acquisition by Kering follows closely on the heels of its recent purchase of Danish company Lindberg. Kering’s dedicated eyewear division, Kering Eyewear, which focuses on designing and distributing eyewear for its seventeen brands including Gucci, Cartier, and Maui Jim, continues to make strides in expanding its presence in the luxury eyewear market.

With the acquisition of Maui Jim, Kering is effectively broadening its range of eyewear offerings and further securing its position as a dominant player in the globally competitive luxury eyewear market. Given Maui Jim’s strong brand image and well-established network of distributors worldwide, its addition to Kering Eyewear’s brand portfolio is undoubtedly expected to contribute significantly to the division’s ongoing growth and success.

– To learn more about Kering’s acquisition of Maui Jim, click here.
– For additional details on Maui Jim’s background and their products, visit their official website here.