Marcolin and Rivoli form joint venture

Leading eyewear company, Marcolin Group has signed a joint venture deal with Rivoli Group, which is one of the largest luxury retailers in the Middle East.

The joint venture, named Marcolin Middle East, is 51 percent owned by Marcolin and will be headquartered in Dubai, and will see the new venture distributing the brands in Marcolin's portfolio including Tom Ford, Balenciaga, Swarovski and Dsquared2 across the Middle East and “other specific markets”.

Giovanni Zoppas, chief executive of Marcolin Group, said: “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 added: "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."

Image: Giovanni Zoppas courtesy of Marcolin Group