Marcolin Group Signs a Joint Venture in Middle East With Rivoli Group
LONGARONE, Italy—Marcolin Group S.p.A announced that they’ve signed a joint venture agreement with Rivoli Group, one of the largest luxury retailers in the Middle East. The joint venture, Marcolin Middle East, is 51 percent owned by Marcolin Group and will have headquarters based in Dubai, United Arab Emirates. It will distribute the eyewear collections of the Marcolin’s brand portfolio including Tom Ford, Balenciaga, Ermenegildo Zegna, Montblanc, Roberto Cavalli, Tod’s, Emilio Pucci, Swarovski, Dsquared2, Diesel, Just Cavalli, Kenneth Cole, Timberland, Guess, Gant, Harley-Davidson, Marciano, Skechers and Web.
“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,” said Giovanni Zoppas, CEO, Marcolin Group. “The Rivoli Group is extremely pleased with the development of the JV with Marcolin Group to service the Middle East and other specific markets,” Ramesh Prabhakar. “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.”
Giovanni Zoppas, CEO, Marcolin Group pictured right.