Are you curious about whether Versace is owned by Luxottica? Let’s dive into the details to find out.
What is Luxottica?
Luxottica is a leading eyewear company that designs, manufactures, and distributes eyeglasses and sunglasses. The company was founded in 1961 in Italy and has since expanded globally. Luxottica owns several well-known eyewear brands, including Ray-Ban, Oakley, and Persol.
Is Versace Owned by Luxottica?
Yes, Versace is owned by Luxottica. In 2018, the Italian fashion house was acquired by the eyewear giant for €1.83 billion (approximately $2.1 billion USD). The acquisition gave Luxottica control over all aspects of Versace’s eyewear production and distribution.
What Does This Mean for Consumers?
For consumers, this acquisition means that they can expect to see more Versace eyewear products in stores worldwide. The partnership between Luxottica and Versace allows for an increase in product availability and accessibility.
Moreover, with Luxottica’s expertise in the eyewear industry, consumers can expect high-quality products that align with both brands’ standards of excellence.
The Bottom Line
In conclusion, yes, Versace is owned by Luxottica. The acquisition has allowed for increased availability and accessibility of Versace eyewear products while maintaining high standards of quality. So if you’re in the market for some stylish new glasses or sunglasses, now you know where to look!
- High-quality products
- Increase in product availability
- Expertise from both brands
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