LVMH to acquire a 49% stake in Thelios from Marcolin for $145m.

LVMH, a French multinational luxury goods conglomerate, agreed to acquire a 49% stake in Thelios, a manufacturer of eyewear, from Marcolin, a manufacturer and distributor of sunglasses and optical glasses, for $145m. The move reflects interest in European luxury companies in bulking up and tightnening their grip on production capacity, as business bounces back strongly from pandemic disruptions following a resumption in social activities.