Marcolin and Rivoli sign a Middle East joint venture

The joint venture, named Marcolin Middle East, is 51 per cent owned by Marcolin Group and its headquarters will be based in Dubai.

By Staff Report

Published: Fri 19 May 2017, 4:00 PM

Last updated: Fri 19 May 2017, 6:22 PM

Marcolin Group, a worldwide leading eyewear company, announced to have signed a joint venture agreement with Rivoli Group, one of the largest luxury retailers in the Middle East.
The JV, named Marcolin Middle East, is 51 per cent owned by Marcolin Group and its headquarters will be based in Dubai. It will distribute the eyewear collections of the Marcolin's brand portfolio: 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.
Giovanni Zoppas, CEO Marcolin Group, affirmed: "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, commented: "The Rivoli Group is extremely pleased with the development of the JV with Marcolin Group to service the Middle East and other specific markets. 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."