Group mode , a leading player in the eyewear industry for more than 30 years, officially announced the acquisition of Italia Independent . This strategic move is part of Modo Group’s ambitious plan to combine tradition and innovation, offering customers eye products that embody style and design.

Modo Group’s extensive expertise in eyewear production and distribution is poised to reinvigorate the brand founded by Lapo Elkann. This acquisition promises a solid organizational framework and an enhanced international presence for Italia Independent.

Alessandro Lanaro, founder and managing director of Modo Group , expressed his admiration for the remarkable success of Italia Independent since its inception. He stated: “”I have always admired the incredible success of Italia Independent since its inception;we are proud to take charge of its future and have the opportunity to contribute significantly to the development of the brand. Modo Group and Italia Independent have always shared a desire to be a voice out of the chorus in the industry;our goal is to reconnect the great community that Italia Independent has created over the years in both the optical industry and end consumers.”

ALSO WATCH:Philipp Plein and De Rigo sign global licensing deal

Lapo Elkann, founder of Italia Independent , shared his enthusiasm for the acquisition, stating: “I am happy that it was Modo Group that acquired the Italia Independent brand. I am confident that Alessandro and his team, on the strength of their track record, will be able to evolve the brand I founded, to which I will always remain attached.”

Giovanni Lo Faro, CEO of Modo International , the company responsible for the distribution of the MODO, ECO and, starting next season, ITALIA INDEPENDENT brands, emphasized the synergy between the two entities, stating: “This acquisition combines two complementary forces that blend well together. Reactivating the magic and energy of the brand and leading it on a path of sustained growth is an exciting challenge for us.”

The first launch of the Italia Independent collection within Modo Group is scheduled for Spring/Summer 2024.

This collection, proudly Made in Italy, will be available exclusively through a select network of opticians worldwide.

This acquisition marks a significant step in the eyewear industry, promising a bright future in which tradition, innovation, style and design come together under the banner of Italia Independent, led by the experience of Modo Group.