LVMH Begins Building Second Eyewear Factory; Aims to Triple Production -AFP
25 Febbraio 2019 - 6:31PM
Dow Jones News
--LVMH and its Italian partner have begun building a second
eyewear factory in Italy that will allow production to rise to more
than 4.5 million pairs per year, up from current capacity of 1.5
million pairs, AFP reports.
--The new factory should be up and running by the fourth quarter
of 2020, LVMH Chief Strategy Officer Jean-Baptiste Voisin told
AFP.
--The French luxury-goods giant in April 2018 inaugurated the
first production site for Thelios, its joint venture with eyewear
maker Marcolin. LVMH is looking to take back control of its brands'
eyewear, which was historically licensed to other companies like
Safilo, AFP reports.
Full story (in French): https://bit.ly/2Tm5JEg
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(END) Dow Jones Newswires
February 25, 2019 12:16 ET (17:16 GMT)
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