LUXOTTICA TO BUY MIKLI?: Luxottica Group SpA shares closed up 0.72 percent to 29.35 euros, or $38 at current exchange, on Wednesday amid speculation the Italian eyewear producer may be close to securing French high-end eyewear maker Alain Mikli. According to a report in Italy’s daily Il Sole 24 Ore, a deal could be unveiled by the end of the week. Luxottica had no comment, while officials at Mikli could not be reached for comment.
Luxottica owns the Oakley and Ray-Ban labels and holds eyewear licenses with brands such as Bulgari, Burberry, Chanel, Dolce & Gabbana, Donna Karan, Polo Ralph Lauren, Prada, Tiffany and Versace.
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Alain Mikli founded his company in 1978 and opened his first store in Paris in the Eighties, followed by New York in 1992. In addition to the Alain Mikli brand, retail stores carry the collaborative brands Starck Eyes, Jean Paul Gaultier and Vuarnet.
This story first appeared in the November 1, 2012 issue of WWD. Subscribe Today.