Global Retail Alliance
info@gra.world
  • Login
  • Register
  • Newsletter
  • Virtual Library
  • Choose your country
    • Australia
    • Brazil
    • China
    • Poland
    • Latin America
    • Middle East
GRAGRA
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact

Retail News

  • Home
  • Retail News
  • LVMH to tighten grip on eyewear business with Marcolin deal

LVMH to tighten grip on eyewear business with Marcolin deal

  • Categories Retail News
  • Date February 2, 2017
  • Comments 0 comment

Marcolin and LVMH have entered into a joint venture agreement  in respect of the proposed JV (jont venture) with LVMH pursuant to which, subject to certain conditions and approvals, the proposed JV will, starting in 2018, design and manufacture eyewear for the Céline and Louis Vuitton brands, with aim of becoming, in the future, the preferred partner of LVMH in the eyewear business.

LVMH and Marcolin will control, respectively, 51% and 49% of the share capital of the proposed JV. In total, Marcolin’s equity contributions to the start-up costs, capital expenditures and working capital requirements of the JV will be between €20 million and €25 million over the course of the next four to five years, of which Marcolin expects to fund approximately €7 million in 2017.

Pursuant to the JVA, the capital requirements of the JV will be funded as and when required by direct or indirect pro rata equity contributions by Marcolin and LVMH and/or debt financing incurred by the JV for a maximum amount of €45 million (or 50% of the JV’s financing needs), which is expected to be non-recourse with respect to Marcolin and its subsidiaries. Marcolin will also provide distribution and transitional and other support services required in connection with setting up the JV.

Source Eye

  • Share:
gsiino

Previous post

Will Amazon Prime Now help online grocery grow?
February 2, 2017

Next post

Kit Kat debuts Ginza store, unveils ‘chocolate sushi’
February 2, 2017

You may also like

personalization-retail
Find out how two US retail disruptors are delivering next level personalisation
24 May, 2023
Walmart-opens-first-Market-Fulfilment-Centre-in-Arkansas
Walmart opens first Market Fulfilment Centre in Arkansas
23 May, 2023
Senza-titolo-1
Pacsun’s resale platform opens second store-within-a-store concept
18 May, 2023

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search News:

News category:

News Archive:

Last News:

Find out how two US retail disruptors are delivering next level personalisation
24May2023
Walmart opens first Market Fulfilment Centre in Arkansas
23May2023
Pacsun’s resale platform opens second store-within-a-store concept
18May2023
Target is letting parents return entire wardrobes of outgrown or damaged kids’ clothing for cash or all new items
17May2023
Elizabeth Arden opens virtual store
17May2023

© 2022 Global Retail Alliance | info@gra.world | Privacy Policy