Put up for sale by PAI in early 2024, the Italian eyewear specialist will join the American company VSP Vision, which had already acquired its American competitor Marchon Eyewear. This will shake up the global landscape of the sector…
Marcolin has found a new owner, and not just any owner.
Its current majority shareholder, French investment fund PAI Partners, is selling the Italian eyewear manufacturer to VSP Vision, owner of its competitor Marchon Eyewear.
Too high a valuation?
In early 2024, Goldman Sachs was entrusted with the sale of Marcolin. The Financial Times had since revealed that French groups Kering and EssilorLuxottica, Italy’s Safilo, and finally America’s Marchon had all expressed interest in the deal. But according to the business press, the sale had so far been hampered by the ambitions of PAI, which was counting on a valuation of the company of more than €1 billion, which was apparently considered too high.
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Featured photo: © Marcolin
