Marcolin Group and RivoliGroup sign joint venture

Giovanni Zoppas, CEO, Marcolin Group. Photo credit: Mauricio Ache

Marcolin Group, a worldwide leading eyewear company, announced today to have signed a joint venture agreement with Rivoli Group, one of the largest luxury retailers in the Middle East area.

The JV, named Marcolin Middle East, is 51% owned by Marcolin Group and its headquarters
will be based in Dubai in the United Arab Emirates. It will distribute the eyewear collections of the Marcolin’s brand portfolio: Tom Ford, Balenciaga, Ermenegildo Zegna, Montblanc, Roberto Cavalli, Tod’s, Emilio Pucci, Swarovski, Dsquared2, Diesel, Just Cavalli, Kenneth Cole,
Timberland, Guess, Gant, Harley-Davidson, Marciano, Skechers and Web.

Giovanni Zoppas, CEO Marcolin Group, affirmed: “The valuable long-term distribution
agreement with Rivoli Group and the strong personal relationship and collaboration developed during these years with Mr. Ramesh Prabhakar, our partner in the JV, have been further strengthened establishing this capital partnership in Middle East, which represents such a key market for the luxury, fashion and diffusion brands in our portfolio and for the future of our company.”

Ramesh Prabhakar, Vice Chairman and Managing Partner of Rivoli Group commented: “The
Rivoli Group is extremely pleased with the development of the JV with Marcolin Group to
service the Middle East and other specific markets. Our relationship with the Marcolin
management signifies this new association and we are looking forward to further enhancing
Marcolin brands presence in the markets. Our Milestones will be reached through planned
distribution and innovative retailing within the Rivoli EyeZone stores.”