China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Thailand Inflation Remains Negative for 10th Straight Month in January 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
LVMH’s Thelios eyewear unit announced its acquisition of the high-end sunglasses brand, Vuarnet which is owned by French manufacturer Sporoptic Pouilloux S.A. but was bought by NEO Investment Partners in 2015. Thelios is now buying the iconic sunglasses label from the investment firm.
Vuarnet is the first-ever brand that Thelios has acquired, so it is thrilled to add it to its own portfolio. The company designs, makes, and supplies eyewear pieces to most of LVMH’s fashion houses, including Kenzo, Fendi, Dior, Loewe, Celine, and Stella McCartney. With Vuarnet now under its wing, Thelios is looking to augment its presence in the luxury eyewear market.
Thélios said that Vuarnet, which has more than 60 years of heritage and pioneering manufacturing of mineral lenses, would “perfectly” blend with its current portfolio as the brand is positioned at the crossroads of outdoors and fashion.
Fashion United UK reported that Vuarnet has over 60-year history of pioneering the production of mineral lenses. It is such an iconic name in the eyeglasses industry and Thelios is planning to “restore the brand's former glory."
The eyewear division of the LVMH Group also wants to scale up the product quality of Vuarnet’s products and develop it more beyond the boundaries of innovation. For its advancement, the French eyewear maker will use Thélios’ resources such as its research and development capabilities and technical expertise. It will also take advantage of Thelios’ global reach to push its own growth and expansion at the global level.
“We are thrilled to announce the acquisition of Vuarnet, becoming Thélios’ first proprietary brand,” Thelios’ chief executive officer, Alessandro Zanardo, said in a statement, “Vuarnet is a legendary brand, with a unique history that deserves to be preserved and perpetuated. Its iconic design, its unique know-how on mineral lenses and its strong brand values, are a perfect match with our ethos and positioning.”
Photo by: Annie Williams/Unsplash
