Maui Jim set to be acquired by Kering Eyewear

Published: Mar. 14, 2022 at 6:46 PM CDT
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PEORIA (25 NEWS) - The eyewear arm of the group owning brands such as Gucci and Saint Laurent will pick up Maui Jim.

Kering Eyewear has signed an agreement to acquire the Peoria-headquartered company - part of a successful expansion strategy of Kering Eyewear.

The combination of Kering Eyewear and Maui Jim is a once-in-a-lifetime opportunity for both of our organizations and our Ohana members,” said Walter Hester, CEO of Maui Jim, in a release. “Our companies share similar values, along with a strong commitment to our people and our customers, leading to a remarkable strategic fit. I am both humbled and excited that Maui Jim will join the Kering Eyewear family. We have proud pasts, and together will have an even brighter future.”

Kering Eyewear President and CEO Roberto Vedovotto said Maui Jim will benefit from the company’s expertise and worldwide network.

“This second key acquisition is also a major step for Kering Eyewear, which has now become unparalleled in its market segment, further validating the strategy that laid behind its creation by Kering in 2014,” he said.

The transaction is subject to clearance by the relevant competition authorities and is expected to be completed in the second half of 2022.

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