Turnover: 15 million EUR (2022)

Country: France

Famous sunglasses brand created by ski champion Jean Vuarnet

News

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.

Studies mentioning this company

The sunglasses market - France

Other companies mentioned:

  • Optical Center
  • Optic 2000
  • Essilor Luxottica groupe
  • Safilo Group
  • Marchon
  • Printemps Groupe
  • Izipizi Paris
  • Lunettes pour tous
  • Sensee
  • Marcolin (LVMH Groupe)
  • Julbo
  • Kering Eyewear
  • Persol (Luxicotta group)
  • Ray-Ban (EssilorLuxottica)
  • Oakley
  • Vuarnet (LVMH Groupe)
  • Bolle Brands

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