Italian eyewear maker Marcolin posts flat revenues in first quarter

blog image

On Thursday, Italian eyewear maker Marcolin revealed first-quarter net sales of 145.6 million euros ($156.4 million), which was flat year-over-year when measured like-for-like. According to reports, private equity firm PAI Partners—the company’s principal investor—has enlisted the help of Goldman Sachs to investigate possible merger or sale possibilities.

Marcolin, an eyewear manufacturer famous for its permanent license to produce Tom Ford-branded eyewear, reported an 8.5% increase in adjusted core profit, reaching 25.7 million euros, for the first three months of the year.

The company’s record highlights its ability to adapt to changing market conditions and its dedication to providing value to shareholders, even as its principal investor assesses its strategies.

Ethan Sullivan

Ethan's penchant for the pulse of the fashion world extends to covering lifestyle topics, offering readers a seamless blend of the latest style updates and lifestyle trends.

Read more