BUSINESS Kering Eyewear Completes Acquisition of Lindberg By Staff Friday, October 1, 2021 12:15 AM PARIS, France and AARHUS, Denmark—Kering Eyewear announced that is has completed the acquisition of Danish luxury eyewear brand Lindberg, in accordance with the terms announced on July 8, 2021, and after having received clearance from the antitrust authorities. Lindberg will be consolidated in Kering accounts starting from Q4 2021 onward. Kering and the Lindberg family announced the signing of an agreement for Kering Eyewear to 100 percent of the share capital of Lindberg on July 8, 2021, as reported by VMAIL.The acquisition marks an important milestone in the expansion of Kering Eyewear, the company said in its July 8 announcement, adding that since its foundation in 2014, Kering has reached close to €600 million wholesale external revenues pre-COVID (FY2019). This acquisition aims to further reinforce Kering Eyewear as an important player in the luxury eyewear market segment, adding to its portfolio a complementary and proprietary brand. Both companies will be able to leverage on their respective strengths, with synergies in distribution and geographical reach. In that July announcement, Roberto Vedovotto, president and CEO of Kering Eyewear, said, “We are thrilled to welcome Lindberg into the Kering Eyewear family. I have the highest respect and admiration for what Henrik Lindberg and his family have built over the past 35 years. "Lindberg is the absolute luxury eyewear and it will come as a perfect complement to the brand portfolio that Kering Eyewear has been assembling since 2014, making it even more relevant to our specialized distribution network. We look forward to working with the Lindberg teams to further increase their brand awareness and amplify their international reach,” Vedovotto said.