MARCOLIN COMPLETES THE ACQUISITION OF ITS SUBSIDIARY IN MÉXICO

Longarone (Belluno), July 10th, 2023 – Marcolin, a worldwide leading group in the eyewear industry, announces it has completed the acquisition of its own subsidiary in México, as of today.

The Group has been present in the market for 6 years through a joint venture. As part of its greater corporate strategy to enhance its presence in key markets, the Group acquired the remaining 49% of the shares of the joint venture.

Marcolin México, from its own subsidiary located in México City, will continue to closely support local stakeholders, while further improving and quickening responses to clients’ needs in a market with a strong growth potential.

Marcolin’s global network consists of 15 worldwide branches, in Europe (Benelux, DACH, France, Italy, Nordics, Spain, UK), Russia, the Americas (US, Brazil, México), Asia (Hong Kong, Shanghai, Singapore) and Australia (Sydney), 1 joint venture (UAE) and distributes its products in more than 125 countries.

About Marcolin:

Marcolin is a worldwide leading group in the eyewear industry founded in 1961 in the heart of the Veneto district, Italy. It stands out for the unique ability to combine craftsmanship with advanced technologies through the constant pursuit of excellence and continuous innovation. The portfolio includes house brands (WEB EYEWEAR), as well as more than twenty licensed brands: TOM FORD, Guess, adidas Sport, adidas Originals, Max Mara, Moncler, Zegna, GCDS, MAX&Co., Barton Perreira, Tod's, Bally, Pucci, BMW, Kenneth Cole, Timberland, GANT, Harley-Davidson, Marciano, Skechers and Candie’s. Through its own direct network and global partners, Marcolin distributes its products in more than 125 countries. At the end of 2022, Marcolin Group counted about 2,000 employees and net sales of €547.4 million. www.marcolin.com