The BFKN Corporate & Securities Group served as legal counsel to Thélios S.p.A., a manufacturer of unique optical frames and a division of LVMH Moët Hennessy Louis Vuitton SE, in its acquisition of Barton Perreira, a California-based luxury eyewear brand.
The acquisition is estimated to be around $80 million and will bring a prestigious eyewear manufacturer into LVMH's rapidly growing eyewear sector. LVMH intends to broaden the brand's presence beyond the United States by offering its eyewear in upscale stores with which it already collaborates across Europe and Asia. Additionally, LVMH has blueprints to inaugurate several standalone Barton Perreira boutiques, with the initial focus being on Europe.
“The brand is well-known and well-established in the U.S., but we see massive opportunity to expand it,” said Alessandro Zanardo, who runs LVMH’s eyewear division, Thélios. “We’ve tried to control this value chain so that we go from the maison right up to the final consumer in a very consistent way. All the dots are together.”
BFKN's legal team was led by partners Daniel L. Dominguez and Kait E. Kelly, with assistance from associate Jim S. Montelongo. Partner Michael J. Towne and associate Megan E. Toal counseled Thélios S.p.A. with respect to tax matters. Intellectual property matters were handled by partner Scott J. Slavick and associate Andrea J. Tabrizi. Associates Corwin J. Carr and Alex Freund advised on executive compensation and employment matters.
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