In a joint statement by LVMH and Marcolin on December 10, 2021, the Thélios integration was confirmed.
After a successful partnership that led Thélios – the eyewear joint-venture created between Marcolin and LVMH in 2017 – to become the LVMH eyewear expert, Marcolin and LVMH have jointly decided to embark Thélios on the next stage of its development and become fully integrated within LVMH.
As a result, Marcolin and LVMH announce today that they have reached an agreement for LVMH to purchase the 49% stake held by Marcolin in Thélios. Separately, Marcolin will buy back the 10% stake LVMH owns in Marcolin, which LVMH acquired when Thélios was founded.
This represents an opportunity for LVMH to further strengthen its presence in the eyewear industry leveraging its Italian savoir-faire, and for Marcolin to pursue future strategic investments.
