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Luxottica and Kering among suitors for eyewear maker Marcolin

Fashion designer Tom Ford is photographed wearing his signature sunglasses.

The designer Tom Ford wearing his signature eyewear. Photo: Axelle/Bauer-Griffin/FilmMagic

Italian eyewear manufacturer Marcolin is attracting suitors in a sale process first reported by Reuters, including Kering, Essilor Luxottica, Safilo and Marchon, the FT reports.

Why it matters: The company, which is owned by PE firm PAI Partners, is seeking a valuation of up to €1.3 billion, per the FT.

Yes, but: The valuation may be a friction point between Marcolin and potential buyers, the FT says.

Zoom in: PAI, which owns an 83% stake in the business, hired investment bank Goldman Sachs to run the process.

  • Marcolin inked a perpetual licensing agreement to produce eyewear under the Tom Ford brand, which is owned by Estée Lauder, for €250 million last year, per the FT.
  • It also makes products under the Pucci, Zegna, Max&Co and Christian Louboutin brands.
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