Investing.com -- Kering (EPA: PRTP ), the parent company of Gucci, announced on Thursday that its luxury eyewear division has entered into an agreement to acquire all shares of Italian firm Visard.

In addition to this, Kering will also gain a minority stake in another Italian company, Mistral.

The company refrained from disclosing any financial details related to the transaction. The deal is expected to be finalized in the third quarter of 2025.

Moreover, Kering also indicated its potential plans for a full acquisition of Mistral by 2030.

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