Kering buys stakes in Italian eyewear manufacturers Visard, Mistral
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FILE PHOTO: The logo of French luxury group Kering is seen at Kering headquarters in Paris, France, February 13, 2023. REUTERS/Sarah Meyssonnier/File Photo
PARIS (Reuters) - Gucci owner Kering said on Thursday its high-end eyewear division had signed an agreement to acquire the entire share capital of Italian manufacturer Visard and a minority stake in another Italian company Mistral.
The transaction is expected to go through in the third quarter of 2025, Kering said, without giving any financial details.
It could complete a full acquisition of Mistral in 2030, it added.
(Reporting by Gianluca Lo Nostro; Editing by Benoit Van Overstraeten)
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