Investing.com -- Kering (EPA: PRTP ), the parent company of luxury brand Gucci, announced on Thursday its high-end eyewear division has entered into an agreement to acquire the entire share capital of Italian eyewear manufacturer Visard.

The company also plans to acquire a minority stake in another Italian firm, Mistral.

Kering did not disclose the financial details of the transaction. However, the company did share that the acquisition is projected to be finalized in the third quarter of 2025.

In addition to the acquisition of Visard and the minority stake in Mistral, Kering also revealed plans for a potential full acquisition of Mistral in 2030.

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