The TWC Group S.A, one of the largest fashion accessories companies in France, has purchased the L’Amy Group, an international eyewear company with a 200-year history in the business.
In reporting the takeover, the website VMail said details of the transaction have not been disclosed.
L’Amy Group S.A. is a major international supplier and distributor of ophthalmic frames and sun wear. The company has been in business since the late 18th century, when it began to produce eyeglass frames in Morez, in the Jura region of France.
The TWC Group, headed by Aymeric Chaumet, manufactures and markets watches, handbags and jewellery, in France, Germany and the Middle East, under various brands, including licensed names.
We will continue to develop and enhance our current brand portfolio, including Chloe, Nina Ricci, Proenza Schouler, Columbia Sportswear, Pacific Trail, Theory and our stable of house collections in the North American optical and non-optical markets
“The acquisition of the L’Amy Group will bring enhanced financial strength to the company and will further enhance the group’s opportunities to acquire key brand names and develop a wider product offering,” Chaumet told VMail.
Stephen Rappoport, L’Amy America’s president, told the website: “This positive new development with the TWC Group will continue to help drive L’Amy America’s main financial objectives and help support its acquisition of future dynamic brands.
“We will continue to develop and enhance our current brand portfolio, including Chloe, Nina Ricci, Proenza Schouler, Columbia Sportswear, Pacific Trail, Theory and our stable of house collections in the North American optical and non-optical markets. We will also expand our international presence with Columbia Sportswear,” Chaumet said.
