Marcolin is selling, all the big frame manufacturing sharks are circling. Essilux will always have the deepest pockets, so thats my bet.
https://www.reuters.com/markets/deal...ts-2024-03-09/
For quality sake, I hope Kering acquires them.
Marcolin is selling, all the big frame manufacturing sharks are circling. Essilux will always have the deepest pockets, so thats my bet.
https://www.reuters.com/markets/deal...ts-2024-03-09/
For quality sake, I hope Kering acquires them.
come on Kering!!!
I like how Safilo was like ehhhh
Essilux doesn't need companies. It takes brands it wants.
Merger/aquisition? It would seem like it would depend on their hard assest and profits more than brands.
Tom Ford is probably the most attractive brand that Marcolin has a license with. Marcolin signed a perpetual license renewal with them recently. They've renewed most of their licensed brands in the past year as well as purchasing ic Berlin. I'm sure all in the effort to boost sale price.
Anytime private equity takes over a business (in this case Marcolin), it is only a matter of time until the business is sold.
Europa went to a private equity firm recently.
Before there was Optiboard(?) they were partnered and made displays' and promotions together for a while as I recall.
I recall Marcolin being the "little brother" of Marchon and were based in Canada before they merged- but could be wrong.
I believe their booths were always next to each other at shows. Their reps also usually came in together like Avante Garde and Ber-Del did.
A story out there from a long time ago when Marchon elbowed their way into the big time, was the NY convention center hosting the annual show was not going to allow the premier booth at the entrance to the show to them as it was promised to another frame line. But being New York and who Marchon's owners were back then it got resolved after a few phone calls and everyone walked away (literally;) satisfied but only one was happy.
Or so I remember being told.
At the trade shows, they always had candy dishes full of M&Ms.
Ding Ding Ding!!!
I put at the top of the story from this link a couple of pic's of 24/7 back in the day!!!
https://www.safetydimensions.com.au/van-halen/
I actually looked more like Eddie than Diamond Dave back in the day! Lol!
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