(KER:PA) announced that its subsidiary Kering Eyewear and the Maison Cartier
, owned by Compagnie Financière Richemont, have completed the closing activities related to the strategic partnership for the development of the eyewear category.
The partnership between the two companies was reported by VMail
last March. The closing, the companies said, is in accordance with the terms announced at that time.
Kering Eyewear is part of the Kering Group, a global luxury group that develops an ensemble of luxury houses in fashion, leather goods, jewellery and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra.
Founded in 1847, Maison Cartier designs and manufactures exclusive collections of high and fine jewelry, wristwatches and prestige accessories, distributed through close to 300 Cartier boutiques worldwide.