Marcolin's stock market valuation increased by a further 16.9 percent immediately after the announcement of a new licensing deal for an eyewear collection named after Tom Ford, the former creative director of Gucci Group, who has formed a partnership with its former CEO, Domenico De Sole, to build up a strong brand under his own name. The designer from Texas is also licensing out a line of beauty products to Estée Lauder.
Marcolin will present its first Tom Ford line at the SILMO fair in Paris next Fall. Lasting until 2010, the deal will help offset the loss of the Dolce & Gabbana license, which is moving gradually to Luxottica later this year. Stefano Gabbana and Domenico Dolce have sold their joint 4.9 percent stake in Marcolin to Diego and Andrea Della Valle, raising their joint stake to 40.4 percent. The Marcolin family remains with a stake of 35.4 percent.