Marcolin Group and Rivoli Group Sign a Joint Venture to Distribute Luxury Eyewear Collections in Middle East

Details
Category: Business/Financial News
Published on Tuesday, 09 May 2017 06:39

Marcolin Group, a worldwide leading eyewear company, announced today to have signed a joint venture agreement with Rivoli Group, one of the largest luxury retailers in the Middle East area, for long-term distribution in the luxury retailers exclusive eyewear space.

The JV, named Marcolin Middle East, is 51% owned by Marcolin Group and its headquarters will be based in Dubai in the United Arab Emirates. It will distribute the eyewear collections of the Marcolin's brand portfolio: Tom Ford, Balenciaga, Ermenegildo Zegna, Montblanc, Roberto Cavalli, Tod's, Emilio Pucci, Swarovski, Dsquared2, Diesel, Just Cavalli, Kenneth Cole, Timberland, Guess, Gant, Harley-Davidson, Marciano, Skechers and Web.

Giovanni Zoppas, CEO Marcolin Group, affirmed: "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 JV, have been further strengthened establishing this capital partnership in 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."

Ramesh Prabhakar, Vice Chairman and Managing Partner of Rivoli Group 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 brands presence in the markets. Our Milestones will be reached through planned distribution and innovative retailing within the Rivoli EyeZone stores."

About Marcolin Group
Marcolin Group, among the worldwide leading companies in the eyewear industry, stands out for the pursuit of excellence, the continuous innovation and the unique ability to faithfully combine design and Italian craftsmanship with the core values of each brand. The brand portfolio includes: Tom Ford, Balenciaga, Moncler, Ermenegildo Zegna, Montblanc, Roberto Cavalli, Tod's, Emilio Pucci, Swarovski, Dsquared2, Diesel, Just Cavalli, Covergirl, Kenneth Cole, Timberland, Guess, Gant, Harley-Davidson, Marciano, Catherine Deneuve, Skechers, Bongo, Candie's, Rampage, Viva, Marcolin and Web. In 2016, the company sold about 14 million eyeglasses. www.marcolin.com

About Rivoli Group
Since 1988, The Rivoli Group has been building a strong position within the fast growing retail environment in the UAE and the lower Gulf states to become one of the largest luxury lifestyle retailers in the Middle East offering a wide range of product categories from watches, writing instruments, leather accessories, gift items and eyewear. Matching these luxury and lifestyle brands with impeccable service, the Rivoli Group has set new standards of retailing excellence in the region by establishing retail concepts like Rivoli Prestige, Rivoli, Rivoli Arcade, Hour Choice & Rivoli EyeZone. www.rivoligroup.com

Haute News

Haute Tease

  • Hundred Proof San Diego Review - A Brunch that Packs a Punch

    What’s not to love about Sundays in San Diego? No matter your plans in the SoCal sunshine, by mid-morning you’ll have quite an appetite. That’s the time to try Hundred Proof on Park Boulevard for a bodacious brunch.

     

  • Fall Film Preview 2015 - Studios Heavy on True, Compelling, Dramatic, Stories

    As OSCAR Season is approaching a worthy group of yet to be released titles are surfacing with pre-release buzz. In no particular order these are the must see upcoming films and most likely to be mentioned during Academy Award Nominations.

     

  • Holiday Gift Guide Buy This, Not That: Alternatives for 15 Trendy Products

    Big brands love the holidays — a festive season of inflated budgets, snap decisions and impulse buying. In the summer, a smart consumer might take two weeks to research a purchase decision. But who has the time in December, with family get-togethers, winter travel and a manifest of gift recipients twice as long as the weekly grocery list?  

  • Point de Côté Démocratique

    Plongée dans une crise de régime patente, la Vème République semble aujourd'hui à bout de souffle devant une société française appelant à une nouvelle respiration démocratique et en totale opposition avec le profil de celle qui avait validé les institutions de 1958.

     

  • Luke Combs Leads Nominees At ACM Awards with Eight Nominations

    Country superstar Luke Combs leads nominees at the 59th Annual ACM Awards with eight nominations: Entertainer of the Year, Male Artist of the Year, Album, Single and Song of the Year and Music Event of the Year.  

  • Luminous Review - Stars Never Looked So Good

    Luminous, from Director Sam Smartt, brings to the screen an incredible discovery as Astronomy Professor Larry Molnar, introduces the world to the possibility of a nova, a new star, and the journey to prove the phenomena.