Kering, EssilorLuxottica Among Bidders for Eyewear Maker Marcolin, the Financial Times Reports
-- French luxury conglomerate Kering and Ray-Ban parent EssilorLuxottica are potential suitors for Italian eyewear manufacturer Marcolin, the Financial Times first reported on Saturday, citing unnamed sources.
-- U.S. eyewear maker Marchon also expressed interest in Marcolin, known for producing Tom Ford's eyewear line, the FT said, citing a single source. In addition, Marcolin held preliminary talks with its Italian peer Safilo, according to the FT.
-- Marcolin's owner, French private equity firm PAI Partners, values the company at about 1.3 billion euros ($1.42 billion), the FT added.
-- Marcolin declined to comment. PAI, Kering, EssilorLuxottica and Safilo didn't immediately respond to a Dow Jones Newswires' request for comment. Marchon didn't respond to a request for comment outside of U.S. business hours.
Full story: https://bit.ly/4ckTwFs
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
March 11, 2024 04:06 ET (08:06 GMT)
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