Marcolin Group announces set up of Marcolin Japan

The Marcolin Group, one of the world's leading eyewear companies, and Optec, the Japanese company renowned for the production and distribution of high-range eyewear collections, announced a joint-venture agreement for setting up Marcolin Japan.

Marcolin S.p.A. and Optec will have a 40% and 60% shareholding in the new company, respectively, and it is estimated that overall billings in the Japanese market will amount to 11 million euros during the first three years.

The opening of the subsidiary will allow the Marcolin Group to strengthen its presence on the important Japanese market - one of the world's major markets for luxury goods - where the Group's brands already have strong consumer appeal. The joint-venture will also reinforce its direct presence on the market and create important synergies between Marcolin know-how and Optec's experience of the local market.

Marcolin Group's Managing Director, Cirillo Marcolin, stated: 'The Japanese market is becoming incredibly important and this is why we have decided to use a more aggressive strategy for our brands consisting of a direct presence and a personalized approach. Optec is the ideal partner for this project and we are confident that our business will develop considerably with this collaboration.'

Optec President and Managing Director, Tetsuji Yamamoto, said: 'This agreement is a huge opportunity for Optec thanks to the complementary nature of the two partners and our mutual interest in developing the local market by offering extremely high product and service levels.'