Marcolin has formed a joint venture with Optec to handle its sales in Japan, targeting total sales of about €11 million over the next three years. Optec, which has a 60 percent stake in the operation, licenses Oliver Peoples and Paul Smith in Japan. Meanwhile a Luxembourg-based investment company, Lemanik, has acquired 2.03 percent of Marcolin's equity. Its purchases on the stock exchange led to a 30 percent increase in the Italian company's share price last month, triggering rumors of a possible change of control. The share price has since stabilized above €3.