All Marcolin articles – Page 2
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ArticleGood year overall for Marcolin but debt cost dampens profitability, sales momentum confirmed in Q1
Following the announcement of its preliminary results at the end of March, the Marcolin group released more detailed information on its performance in the last year during its shareholders’ meeting at the end of last week. The company confirmed a 20.2 percent year-on-year jump in reported revenue to €547.3 million ...
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News briefs
Safilo reportedly in advanced talks to sell Longarone plant
Safilo management has told unions that it is in “advanced talks” to sell its factory in Longarone, according to Italian news reports, which note that Thélios is now widely considered to be the frontrunner to purchase the plant. According to the newspaper Corriere delle Alpi, Thélios could also take on ...
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ArticleMarcolin posts 13% topline growth and stable margins for 2022
Ahead of its shareholders’ meeting in April, the Marcolin group has released positive preliminary results for 2022 that confirmed the Italian group’s topline growth and stable profit ratios despite challenging market conditions. Total revenue went up by 20.1 percent year-on-year to €547 million in reported terms, translating into a 13.2 ...
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News briefs
Marcolin promotes new product director from within
Marcolin has announced the appointment of Lara Marogna to the position of group style and product development director. A native from the Belluno region, Marogna entered the company as eyewear designer in 2011 after an initial eyewear experience at Marchon and has held the position of creative director since 2016. ...
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News briefs
Marcolin appoints new group marketing director
Marcolin has promoted Alessio Puleo to the position of group marketing director, reporting directly to Fabrizio Curci, the group’s CEO. Puleo, who joined Marcolin in 2021, will take responsibility for the company’s brand management, trade marketing, training and marketing analysis activities. The senior executive spent over 15 years of its ...
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News briefs
Marcolin and Harley-Davidson renew and expand partnership
Marcolin has announced the renewal until 2027 of its Harley-Davidson license for the design, production and global distribution of optical frames and sunglasses under the famous American motorbike brand. Both companies have been partnering since 2013 and the acquisition of Viva International by the Italian group. The scope of the ...
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News briefs
Marcolin appoints new communication director
Marcolin has appointed Clara Magnanini as its new group communication director. A graduate in Law with a master in communication, Magnanini joins the company after twenty years of experience in senior positions in the Italian luxury automotive sector at Maserati and Automobili Lamborghini. In her new role at Marcolin, she ...
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News briefs
EssilorLuxottica adds Swarovski Eyewear to portfolio
Swarovski and EssilorLuxottica have signed an exclusive license agreement for the design, manufacture and global distribution of Swarovski Eyewear. The partnership will be effective until the end of 2028, with a renewal option for an additional five-year term. The first collection will be developped under the leadership of Giovanna Engelbert, ...
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ArticleEyewear companies climb in Deloitte luxury players’ ranking
Along with Thélios and Kering Eyewear, the eyewear subsidiaries of LVMH and Kering, three Italian-based eyewear manufacturers have been listed in the 2022 edition Deloitte’s “Global Powers of Luxury Goods”, an annual report ranking the 100 largest luxury companies in the world. Companies were ranked according to their consolidated sales ...
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ArticleMarcolin to invest $250 m in TOM FORD perpetual license
The Estée Lauder Companies (ELC) have announced the acquisition of the TOM FORD in a deal that values the luxury brand at $2.8 billion and also involves the Ermenegildo Zegna Group and Marcolin through long-term license agreements, for fashion products and eyewear products, respectively. The transaction is expected to close ...
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ArticleMarcolin confirms sales momentum, margins’ consolidation in Q3
The Marcolin group has confirmed in the third quarter the positive revenue trend observed since the start of the year, with Q3 sales increasing by 24.3 percent year-on-year to €126 million in reported terms. For the first nine months of the year, the company’s topline has reached €410 million up ...
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ArticleMarcolin maintains growth pace in Q2
The Marcolin group posted a 19.7 percent year-on-year increase in revenue to €153.9 million for the second quarter of 2022, following on a similarly fast growth in the previous quarter. Overall and for the first six months of the year, the company’s sales totaled €283.7 million, up by 19.6 percent ...
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News briefs
Bernard Arnault to reinforce control over LVMH parent company
The French businessman Bernard Arnault plans to transform Financière Agache, a family holding company which controls the French luxury goods conglomerate LVMH, into a limited partnership. The move will enable the businessman and his five children to maintain control over the group, including Thélios. LVMH took full control of the ...
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News briefs
Marcolin earns ISO certification
Marcolin has obtained ISO 13485:2016 certification, which, according to International Organization for Standardization itself, “specifies requirements for a quality management system” for medical devices and related services at any stage of the product life-cycle, be it design, development, production, storage, distribution, installation or servicing. The certification is valid for three ...
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ArticleMarcolin builds on 2021 momentum in Q1
After bouncing back from the Covid-19 pandemic in 2021, the Marcolin Group built on its recovery in the first quarter of 2022, with sales posting a 19.5 percent year-on-year gain to reach €129.8 million and rising 15.3 percent at constant currency rates. Sales in financial year 2021, for which results ...
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ArticleLVMH takes full control of Thélios
LVMH and Marcolin have announced in a short common statement last Friday the end of their joint venture partnership in Thélios, with the French luxury group purchasing the 49 percent share of Marcolin in the company. No financial details were disclosed. LVMH, which becomes the sole owner of Thélios, said ...
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ArticleMarcolin back to pre-Covid sales level in key markets
Marcolin has confirmed in Q3 its strong sales recovery since the start of this year, with nine-month revenues jumping by 42.8 percent year-on-year in reported terms to €336.6 million. At constant exchange rates, revenues were up by 47.5 percent as compared to 2021. The growth was driven by the American ...
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News briefs
Marcolin partners with Treedom
Marcolin announced that it would support the planting of 10,000 trees by Treedom, an Italian company specializing in reforestation projects, through Timberland Eyewear, the licensed brand which has been part of its portfolio since 2003. The project is part of a larger partnership between Timberland and Treedom that calls for ...
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ArticleMarcolin on track towards full Covid recovery
Marcolin reported a strong sales recovery for the first six months of 2021 as compared to the same period last year, with an acceleration in Q2 that brought back the Italian group at pre-pandemic revenue level. The company also significantly improved its profitability ratios during the period. Total ...
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News briefs
Marcolin opens fully-owned branch in China
After seven years of presence in China through a joint-venture company with the Ginko Group , Marcolin has just opened a new and fully-owned subsidiary in the country. The investment is part of the Italian eyewear maker’s larger strategic plan that calls for a direct presence in its key ...
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