Vuarnet (LVMH Groupe): The latest figures, news and market research on Vuarnet (LVMH Groupe)

Turnover: 15 million EUR (2022)

Country: France

Famous sunglasses brand created by ski champion Jean Vuarnet

LVMH acquires Vuarnet eyewear 06/09/2023

Thélios is LVMH's optical subsidiary, created six years ago (2017)
LVMH acquires sunglasses brand Vuarnet.
This is Thélios' first acquisition since its creation.
Vuarnet is an independent high-end optical brand founded in 1957.
Its sales peaked at 100 million euros in the early 1990s, and it sold over 1 million pairs in the United States.
Vuarnet sales fell to 10 million euros in 2007, and the company recorded a loss of around one million euros.
Current Vuarnet sales are around 15 million euros.
Vuarnet employs around fifty people in France.
Thélios sales are said to have approached 500 million euros last year (year unspecified).
Thélios produces 4.5 million pairs of glasses a year.
Thélios recently acquired the historic factory of its competitor Safilo, in Veneto.

Vuarnet joins the LVMH family 05/09/2023

Thélios, the 100% LVMH-owned eyewear manufacturer, has acquired Vuarnet eyewear in December 2021.
This is the first acquisition for Thélios, which was founded in 2017.
The first eyewear license Thélios integrated came from the Celine brand in 2018.
Thélios' annual sales exceed 480 million euros.
Thélios produces eyewear for brands such as Dior, Fendi, Kenzo, Berluti, Loewe, and Rimowa.
In the 1990s, Vuarnet had annual sales of 100 million euros, with 1.5 million pairs of glasses sold
Vuarnet was acquired by the Neo Capital Partners fund
Vuarnet's current production is around a hundred thousand pairs of glasses.
The Vuarnet brand was created in 1957. Vuarnet has had a factory in Meaux, France, since 1986.
France is Vuarnet's leading market, followed by the United States, where the brand has two boutiques in New York.

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