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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.


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(END) Dow Jones Newswires

March 11, 2024 04:06 ET (08:06 GMT)

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