Fashion Updates

Marcolin Eyewear Positions Itself for Merger or Sale, Strengthens Portfolio with Key Licensing Renewals

Published: February 5, 2024
Author: Fashion Value Chain

As Marcolin explores potential mergers or sales, the renewal of key licensing agreements adds strategic value to the company’s portfolio. Renowned for producing eyewear for brands like Tom Ford, Marcolin’s early renewal with the U.S. brand, now owned by Estee Lauder, exemplifies the strength of its partnerships. The recent extension of the global agreement with Max&Co for sunglasses and optical frames until 2030 showcases a commitment to long-term collaborations.

In addition to these, Marcolin has secured renewals with fashion brands such as Zegna, GCDS, and Pucci, underscoring the company’s importance in the luxury eyewear sector. The new license agreement with Christian Louboutin further diversifies Marcolin’s brand portfolio.

The decision by Marcolin’s fund owner, PAI Partners, to explore a sale or merger aligns with the company’s ongoing efforts to strengthen its position in the market. With Goldman Sachs as an adviser, the process aims to capitalize on Marcolin’s established relationships and market presence. Despite the challenging global landscape, Marcolin reported encouraging financial figures, including a 3% increase in revenues to €422 million and a substantial 28% rise in adjusted core profit to €65 million in the first nine months of the previous year. These positive indicators position Marcolin favorably as it engages in discussions with potential suitors, emphasizing its resilience and attractiveness in the eyewear industry.

Related Posts

Celebrate Father’s Day with FNP: Exclusive Gifts for Every Dad

First elimination hits hard on MTV Hustle 03 REPRESENT; leaves Rap Supremo Badshah in tears 

Accelerating Financial Access, Janasha Finance Secures USD 2.5 Million in Debt Funding Led by Au Small Finance Bank & Others