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The encyclopedia · Finance & Accounting · Financial decision · 2025

Supplier delays sent KNCO into receivership — its six brands went to Denmark

Normandy eyewear house, €12M+ revenue, 200,000 frames in 2024. Supplier delays → voluntary receivership July 2025; October: six brands sold at the bar to DEG.

KNCO · Design Eyewear Group · 2025-10-10

What happened

KNCO — formally Karavan Production, based at Guichainville near Évreux in Normandy — was one of the actors of independent eyewear in France: a house of creator brands, chiefly François Pinton and Karavan for adults, Karavan Kids and Kaliboo for children, plus the children's licences Jacadi and Catimini. In 2024 it generated more than €12 million in turnover and shipped more than 200,000 frames.

The trouble, by the company's own account, came from its supply chain: difficulties in recent months, notably delivery delays from certain strategic suppliers. On 25 July 2025 KNCO announced that it had voluntarily opened receivership proceedings before the Tribunal des activités économiques de Paris — a restructuring, it said, to secure its know-how, its collections and its brands, with deliveries, customer service and aftersales continuing without interruption.

Three months later the portfolio was on the block. On 10 October 2025 the Danish group Design Eyewear Group announced the acquisition, à la barre du tribunal, of the six brands — François Pinton, Karavan, Karavan Kids, Kaliboo, Jacadi and Catimini — taking control on 11 October. About fifteen KNCO staff, among them four designers and product managers, joined the Danish group to keep developing the lines.

The shape of the case: a supply-chain shock became a cash crisis, and the restructuring meant to save the house ended in the loss of everything that made it a house. The heritage lines crossed to a competitor — DEG, fresh from buying Menrad in June — while the Normandy company that had carried them since the seventies kept the shell.

Why it happened

  • Delivery delays from certain strategic suppliers — the stated cause — hit the business in recent months and drove it to seek receivership voluntarily in July 2025
  • The proceedings were framed as a restructuring to protect know-how, collections and brands, with deliveries and customer service promised to continue uninterrupted
  • Three months later the heritage portfolio was sold at the bar: François Pinton, Karavan, Karavan Kids, Kaliboo, Jacadi and Catimini passed to Danish Design Eyewear Group
  • About fifteen staff moved to the buyer with the brands, leaving the €12M+ house that shipped 200,000 frames in 2024 without the lines it had built and distributed
What it costsix heritage brands sold at the barcostly

The lesson

A supply-chain stumble can eat a brand portfolio. KNCO's supplier delays led to receivership in July 2025; by October its six brands — Pinton, Karavan and four children's lines — were Danish.

Aftermath

Design Eyewear Group took over the running of the six brands on 11 October 2025, keeping the design teams to develop them alongside a portfolio swollen by the Menrad acquisition and licences with Jaguar, JOOP!, Bogner and Morgan — and, through the children's lines, entering the kids' segment for the first time. The Guichainville house behind the brands lost the collections it had distributed to French opticians for decades.

Sources

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