The Service of the Commission for the Protection of Competition has received a notification of a concentration, concerning the acquisition of the share capital of Maui Jim Inc. by Kering Eyewear S.p.A., via Huipu Corp..
Kering Eyewear S.p.A. is a company duly registered under the laws of Italy. Its business activities include the wholesale of sunglasses, prescription frames and generally products and materials in the field of glasses and optical accessories. It belongs to the global Kering Group, headed by Kering S.A. Kering S.A. is a multinational company based in France, which specializes in luxury goods and in particular has a number of luxury brands in the field of fashion, leather goods, jewelry and watches.
Huipu Corp. is a special purpose vehicle duly registered under the laws of Delaware of USA. It is a direct subsidiary of Kering Eyewear S.p.A. and was established for the sole purpose of acquiring Maui Jim Inc. by Kering Eyewear.
Maui Jim Inc. is a company duly registered under the laws of Illinois. It is a privately owned eyewear manufacturer focused on the American high quality eyewear market. In particular, it deals mainly with the design and distribution of sunglasses while also designing and selling underwater glasses, optical lenses and frames.