Leading eyewear company, the Marcolin Group, has announced that it has entered into a joint venture agreement with Rivoli Group, one of the largest luxury retailers in the Middle East.
The joint venture, named Marcolin Middle East, is 51% owned by the Marcolin Group and the new headquarters will be based in Dubai, United Arab Emirates.
Under the partnership, the business will distribute the designer eyewear collections within Marcolin’s brand portfolio, including Tom Ford, Balenciaga, Roberto Cavalli, Swarovski, Emilio Pucci, Montblanc, Ermenegildo, Tod’s, Dsquared2, Disel, Zengna, Just Cavalli, Kenneth Cole, Timberland, Guess, Gant, Harley-Davidson, Marciano, Sketchers and Web.
Commenting on the partnership, Marcolin Group CEO, Giovanni Zoppas, said: “The valuable long-term distribution agreement with Rivoli Group and the strong personal relationship and collaboration developed during these years with Mr. Ramesh Prabhakar, our partner in the Joint Venture, have been further strengthened by establishing this capital partnership in the Middle East, which represents such a key market for the luxury, fashion and diffusion brands in our portfolio and for the future of our company.”
Vice chairman and managing partner of Rivoli Group, Ramesh Prabhakar, commented: "The Rivoli Group is extremely pleased with the development of the JV with Marcolin Group to service the Middle East and other specific markets.”
“Our relationship with the Marcolin management signifies this new association and we are looking forward to further enhancing Marcolin brand’s presence in the markets. Our Milestones will be reached through planned distribution and innovative retailing within the Rivoli EyeZone stores,” he added.