Marcolin has signed a joint venture agreement with Rivoli Group, one of the largest luxury retailers in the Middle East.
The ‘long term’ joint-venture, titled Marcolin Middle East, was 51% owned by Marcolin Group and will be headquartered in Dubai in the United Arab Emirates. It will distribute the eyewear collections of the Marcolin’s brand portfolio, including Tom Ford, Balenciaga, Ermenegildo Zegna and Montblanc.
Marcolin CEO Giovanni Zoppas said: ‘The agreement represents a key market for the luxury, fashion and diffusion brands in our portfolio and for the future of our company.’
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