Luxottica has acquired a 35% minority stake in Mazzucchelli, as a part of a collaboration to develop and produce a highly sustainable form of acetate.
The acetate will increase the availability of high quality and sustainable eyewear and will be accessible to all market players, said the partners, adding that the collaboration confirms and strengthens their long-standing commitment to reduce the environmental impact of their respective businesses.
Since the transaction was purely financial it did not include any shareholder agreement whereby a Luxottica director was appointed at Mazzucchelli, which will continue to be managed by the Orsi Mazzucchelli family.
