DE RIGO VISION GOES SHOPPING IN THE USA
Longarone, June 14 2016 – A new takeover for De Rigo Vision, one of the leading manufacturer and distributor of quality eyewear.
The company announces that it has signed an agreement to purchase complete ownership of REM Eyewear of Los Angeles, one of the biggest eyewear distributors on the American market.
The operation, part of De Rigo Vision's strategic plan for further international expansion, aims to reinforce the Group's distribution platform on the American market. The consolidation of the American sales structure into a single organization under the new name De Rigo REM will permit the creation of a vast sales network qualified to take advantage of opportunities for growth on the American market for the varied portfolio of De Rigo brands sold through the distribution channel of American opticians.
The takeover also adds prestigious American brands such as Converse, John Varvatos, Lucky Brand, Jones New York and Jonathan Adler to the Group's portfolio.
“I'm proud to announce this agreement with REM, with whom we share the attitude of a family-run business: one of the keys to our companies' success. The union of the enterprising spirit of Mike Hundert and Donna Gindy's company with our group will strengthen De Rigo Vision's global distribution system," says De Rigo Group founder and Chairman Ennio De Rigo.
Commenting on the takeover, now ninety-year- old Chairman Gerry Hundert says: “The alliance between REM and De Rigo Vision crowns 45 years of hard work, guaranteeing the future of our company and the professional development of our employees in the cultural context of a family-run company that has always characterized our way of doing things.” “This alliance”, adds Mike Hundert, REM’s CEO “will allow REM to boost its presence on the American market thanks to De Rigo Vision's vast brand portfolio.”
About REM Eyewear
Founded in 1953 by Efraim Remba, REM Eyewear was purchased by Gerry and Shirley Hundert in 1971. Based in Los Angeles, the company now sells frames and sunglasses under the Converse, John Varvatos, Lucky Brand, Jones New York, Jonathan Adler, Cosmopolitan, TUMI, and Spine brands.
About De Rigo
De Rigo is a world leader in the design, production and distribution of high-end eyewear and sunwear. The Group is one of the most important actors in the optical retail business with its own chains, General Optica (Spain), Mais Optica (Portugal) and Opmar Optik (Turkey), and with its subsidiary, Boots Opticians Thanks to the extensive wholesale network managed by De Rigo Vision S.p.A., the Group's products are distributed in approximately 80 countries, mainly in Europe, Asia and the Americas, through 15 companies and over 100 independent distributors. The Group is active in all the major markets of the world with its own brands Lozza, Police, Sting and Lozza Sartoriale and with the licences Blumarine, Blugirl, Carolina Herrera New York, CH Carolina Herrera, Chopard, dunhill, Escada, Fila, Furla, Lanvin, Loewe, MilleMiglia, Momodesign, Nina Ricci, Tous, Trussardi, Victor Higo, Zadig&Voltaire. www.derigo.com