Italian Eyewear Manufacturer Marcolin Attracts Interest from Kering and EssilorLuxottica
Gucci-owner Kering and Ray-Ban parent EssilorLuxottica Eye Marcolin Acquisition
Gucci-owner Kering and EssilorLuxottica have emerged as potential suitors for Italian eyewear manufacturer Marcolin, as reported by the Financial Times. Additionally, New York-based eyewear maker Marchon has expressed interest in the acquisition, signaling a competitive landscape for Marcolin.
Marcolin Seeks Strategic Partners for Merger or Sale
Marcolin, known for producing Tom Ford spectacles, has been actively engaging with potential suitors to explore strategic partnerships, including a merger or sale. Top managers at Marcolin have been renewing key licensing agreements to enhance the company’s value ahead of a potential transaction.
Private Equity Firm PAI Partners Seeks Lucrative Valuation for Marcolin
PAI Partners, the current owner of Marcolin, is reportedly seeking a valuation of around 1.3 billion euros for the eyewear manufacturer. The firm has enlisted Goldman Sachs as an advisor to facilitate the sale process, underscoring the significant interest in Marcolin’s assets.
EssilorLuxottica Emerges as Preferred Buyer for Marcolin
While EssilorLuxottica is considered a strong contender for the acquisition of Marcolin, Milan-listed Safilo has also shown interest in the company. However, Safilo views Marcolin as an “opportunistic add-on” and is perceived as the least likely buyer among the potential suitors.
Marcolin’s Financial Performance and Market Position
Marcolin, with operations in Italy’s eyewear manufacturing hub, reported a 3% revenue increase to 422 million euros in the first nine months of the previous year. Additionally, its adjusted core profit witnessed a substantial surge of 28% to 65 million euros, showcasing the company’s financial resilience and market competitiveness.
With the interest from prominent players in the eyewear industry and the strategic positioning of Marcolin in the market, the company’s future trajectory appears promising amidst the evolving landscape of luxury eyewear brands.
