Luxottica Buys Japanese Titanium And Gold Eyewear Company

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Italian eyewear group Luxottica said on Tuesday it had acquired a 67 percent stake in Fukui Megane, a family-owned Japanese manufacturer specializing in the production of titanium and solid gold spectacles.

The acquisition allows the world’s biggest eyewear group to gain a foothold in the Fukui eyewear district, near Kyoto, famous for its artisan skills with precious metals such as titanium. Fukui Magane prides themselves in manufacturing 18-karat gold eyewear in a variety of rich colors and have been making eyewear for 39 years. They currently employ 170 people.

 Executive Chairman Leonardo Del Vecchio said Luxottica would invest further to create a production center in the area.
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