BUSINESS Kering Eyewear Completes Acquisition of Maui Jim By Staff Tuesday, October 4, 2022 12:24 AM NEW YORK and PADOVA—Kering Eyewear announced that it has completed its acquisition of Maui Jim and now holds more than 90 percent of the brand, in accordance with the terms disclosed on March 14, 2022 and following clearance from the antitrust authorities. Kering expects to acquire the remaining shares of Maui Jim by year-end. Starting Oct. 1, 2022, Maui Jim is consolidated in Kering accounts. Kering first announced it would acquire Maui Jim on March 14, 2022, as reported by VMAIL.That same week, Kering told VMAIL that all Maui Jim functions would remain in house after the acquisition, with the Maui Jim lab to remain intact and possibly further expanded in the medium term. A spokesperson told VM, “Maui Jim main functions and offices will not be dislocated. Our two companies will collaborate on the definition of all synergies and future integration in the midterm. Maui Jim will continue to operate business as usual. There are no operational changes in the foreseeable future.” Kering Eyewear was founded in 2014 and designs, develops and distributes eyewear in a portfolio of 16 Kering Group brands, which includes the proprietary brand Lindberg. The Kering Group (PARIS: KER) is the France-based global luxury conglomerate. Kering manages the development of a series of houses in fashion, leather goods and jewelry: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, as well as Kering Eyewear. Kering had over 42,000 employees and revenue of €17.6 billion in 2021.