LVMH buys eyewear brand Barton Perreira as it looks to rebound from luxury slowdown
Publishing timestamp: 2023-11-06 12:19:46
Summary
LVMH is acquiring luxury eyewear brand Barton Perreira to expand its portfolio in the growing designer sunglass market. Luxury eyewear is seen as a lower-priced entry point for younger consumers, and the demand for sunglasses and optical frames is increasing globally. The acquisition highlights the growing importance of eyewear for LVMH and the luxury industry. LVMH's stock price has declined in recent months, but the company sees this as an opportunity to make strategic acquisitions.
Sentiment: NEUTRAL
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Source: https://www.cnbc.com/2023/11/06/lvmh-buys-eyewear-brand-barton-perreira.html