Marcolin acquires majority stake in Viva International
Marcolin has taken a majority stake in American eyewear company Viva International. A stock purchase agreement has been signed and the deal is expected to be finalized in the coming months.
Italian company Marcolin, founded in 1961, posted annual revenue of 282 million dollars in 2012 and will provide a rich history and solid financial standing for Viva International.
Marcolin’s chief executive officer at Marcolin Giovanni Zoppas said: “The association of our two companies will create an added value for both our clients and our brands as we become a global player in the eyewear industry with the support of PAI Partners.”
Marcolin currently holds licenses for brands such as Tom Ford, Balenciaga and Roberto Cavalli. As for Viva, the company has licenses with Guess, Gant and Skechers.
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