Latest news with #Marcolin
Fashion Network
a day ago
- Business
- Fashion Network
Eyewear group Marcolin holds steady in H1 2025 with $339 million in revenue
Eyewear group Marcolin delivered a steady performance in the first half of 2025, following a modest 1.2% uptick in the first quarter. The company reported net sales of €295.7 million ($339.1 million), reflecting a slight decline of 0.6% at current exchange rates and a 0.3% increase at constant rates. EBITDA totalled €52.3 million ($59.1 million), representing 17.7% of total sales. The adjusted net financial position reached €323.1 million ($370.6 million), broadly in line with the €321.3 million ($368.5 million) recorded on December 31, 2024. The company's core markets remained the EMEA region, which generated €161.3 million ($184.5 million) in sales—up 7.3% at current exchange rates and 7.0% at constant exchange rates—and the Americas, which posted €98.7 million ($113.5 million) in sales, reflecting declines of 7.4% and 4.6%, respectively. 'The Asian market continues to represent high potential for the group, despite a temporary deceleration attributable to a different timing of supply from large distributors, recovering compared to the first quarter of 2025,' Marcolin stated in its press release. In the first half of 2025, Marcolin signed a new licensing agreement with fashion brand Rag & Bone and renewed existing partnerships with Max Mara, Guess, Adidas, and Gant. (€1 = $1.15)
Fashion Network
a day ago
- Business
- Fashion Network
Eyewear group Marcolin holds steady in H1 2025 with $339 million in revenue
Eyewear group Marcolin delivered a steady performance in the first half of 2025, following a modest 1.2% uptick in the first quarter. The company reported net sales of €295.7 million ($339.1 million), reflecting a slight decline of 0.6% at current exchange rates and a 0.3% increase at constant rates. EBITDA totalled €52.3 million ($59.1 million), representing 17.7% of total sales. The adjusted net financial position reached €323.1 million ($370.6 million), broadly in line with the €321.3 million ($368.5 million) recorded on December 31, 2024. The company's core markets remained the EMEA region, which generated €161.3 million ($184.5 million) in sales—up 7.3% at current exchange rates and 7.0% at constant exchange rates—and the Americas, which posted €98.7 million ($113.5 million) in sales, reflecting declines of 7.4% and 4.6%, respectively. 'The Asian market continues to represent high potential for the group, despite a temporary deceleration attributable to a different timing of supply from large distributors, recovering compared to the first quarter of 2025,' Marcolin stated in its press release. In the first half of 2025, Marcolin signed a new licensing agreement with fashion brand Rag & Bone and renewed existing partnerships with Max Mara, Guess, Adidas, and Gant. (€1 = $1.15)
Yahoo
a day ago
- Business
- Yahoo
Marcolin Proves Resilient With Flat Sales, Profitability in H1
MILAN — Proving the resilience of the eyewear sector against a dampened macroeconomic landscape and downturn in luxury spending, revenues and profitability at Italian eyewear player Marcolin in the first half of 2025 were mostly flat. In the six months ended June 30, the Longarone, Italy-based company posted net sales of 295.7 million euros, down 0.6 percent at current exchange rates but up 0.3 percent in comparable terms, versus the first half of 2024. More from WWD Chairman Gildo Zegna on Group Strategies, Investments, Opportunities Ermenegildo Zegna Group Inks Agreement to Sell Stake to Temasek Jennifer Lopez Taps Into Tom Ford's Cutout Legacy With Suede Cage Heels in Poland These were mainly driven by the Europe, Middle East and Africa region, which contributed to the performance with a 7.3 percent jump in revenues at current exchange rates to 161.3 million euros. Meanwhile the Americas dropped 7.4 percent to 98.7 million euros compared to the first half of 2024. The company, which is privately owned, didn't disclose the revenue breakdown for the Asia-Pacific area beyond saying that it continues to 'represent a high potential area for the group, despite temporary deceleration attributable to different sourcing timing from large distributors, still recovering from the first quarter 2025.' The ongoing disruptions caused by geopolitical instability and shifting consumption patterns didn't dent the eyewear player's profitability, as it posted earnings before interest, taxes, depreciation and amortization of 52.3 million euros, or 17.7 percent of sales, substantially in line with EBITDA in the first half of 2024. In the first half, the company announced the renewals of key agreements with Max Mara, Guess, Adidas and Gant. As reported in May, it also inked a new four-year licensing agreement with Rag & Bone for the design, production and distribution of the brand's new line of premium sun and optical glasses. Other brands in the Marcolin's licensing portfolio include Tom Ford, Zegna, Christian Louboutin, MCM, Pucci, Timberland and K-Way, to name a few. As of June 30, the net adjusted financial position stood at 323.1 million euros, in line with the figure reported in 2024 year-end results. Marcolin's first-half performance reflects the eyewear sector's resilience and ability to buck the downturn. By comparison, Kering said Tuesday that its Kering Eyewear and corporate division posted a 3 percent increase in second-quarter organic sales, outperforming the French group's luxury brands that mostly experienced sales declines in the three months to June 30. On Monday, eyewear juggernaut EssilorLuxottica reported that adjusted revenues in the first half of 2025 were up 5.5 percent at current exchange rates to 14.02 billion euros. They jumped 7.3 percent at constant exchange rates, driven by the direct-to-consumer business and growth in sales of smartglasses. The French Italian group's operating profit amounted to 2.53 billion euros in the first half, with the adjusted operating margin stable at 18.3 percent of sales. Best of WWD Harvey Nichols Sees Sales Dip, Losses Widen in Year Marred by Closures Nike Logs $1.3 Billion Profit, But Supply Chain Issues Persist Zegna Shares Start Trading on New York Stock Exchange Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion United
16-06-2025
- Business
- Fashion United
Gant renews licensing deal with Marcolin
Italian eyewear manufacturer Marcolin has announced a long-term licensing renewal with American sportswear brand Gant. The new license agreement has been extended until December 31, 2032, and covers the design, production and international distribution of Gant's sunglasses and optical frames. Marcolin has been producing Gant's eyewear collections since 2013 in line with the brand's American Sportswear heritage along with its more refined European influences, offering sunglasses and optical frames that are contemporary while staying true to Gant's iconic preppy style. The eyewear collections will continue to be available at selected retailers and on Gant eyewear Credits: Gant
Fashion Network
16-06-2025
- Business
- Fashion Network
Gant opts for early renewal of eyewear deal with Marcolin
Gant has linked up with Marcolin until 2032. The two companies have announced the early renewal of the exclusive licensing deal for the design, manufacture, and global distribution of the American label's sunglasses and prescription frames. The collaboration originally launched in 2013 and has clearly been a successful one for both businesses. It features contemporary sunglasses and optical frames inspired by Gant's preppy style along, the companies said, with more refined European influences. Gant was founded in 1949 as a shirtmaker and became a major American sportswear trailblazer. The brand is now present in 81 countries and over 650 stores globally. Not that Marcolin itself is small. The eyewear specialist manages a massive brand portfolio that includes its own labels as well as major licenses for big-name brands, such as Zegna, Tom Ford, K-Way, and Max Mara. The Gant deal isn't the only renewal Marcolin has announced this month. At the start of June, Marcolin and Guess revealed the early renewal of their exclusive licensing agreement for the design, production and international distribution of Guess and Marciano sunglasses and eyeglasses. The deal, which was previously set to run until 2030, has been further extended until 2040. And last month, Marcolin and Adidas also unveiled the renewal of their global licensing agreement for Adidas Sport and Adidas Originals, extending their collaboration through to 2032.
