MILAN — Marcolin Group has began the yr on a powerful footing, with revenues rising 17.3 percent in the primary quarter, and the closing last week of a perpetual license with The Estée Lauder Cos. for Tom Ford eyewear, a historic agreement for the Italian eyewear manufacturer.
This can be a significant extension of the corporate’s license with the American designer’s brand, whose eyewear Marcolin has manufactured and distributed since 2005.
The Estée Lauder Cos. in November said it was acquiring the Tom Ford business for about $2.3 billion, net of a $250 million payment to Lauder at closing from Marcolin through available money. Upon the closing of the deal last week, Marcolin revealed on its website that it had raised a...
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