MILAN – Marcolin Group has inked a joint venture agreement with the Rivoli Group.The Italian eyewear company said on Tuesday that it will own 51 percent of the business, which has been named Marcolin Middle East.Based in Dubai, Marcolin Middle East will distribute the eyewear collections of the brands in Marcolin’s portfolio, which include Tom Ford, Balenciaga, Ermenegildo Zegna, Emilio Pucci, Dsquared2, Montblanc, Tod’s and Diesel, among others.Marcolin Group’s chief executive officer Giovanni Zoppas in a statement said the Middle East represents “a key market for the luxury, fashion and diffusion brands in our portfolio and for the future of our company.”Marcolin's eyewear collections will be distributed in Rivoli EyeZone stores, in addition to department stores and select opticians.Founded in 1988, Rivoli Group, based in Dubai, operates in different product categories, such as watches and leather accessories, in addition to eyewear.Marcolin Group was founded by Giovanni Marcolin Coffen in 1961 in the Cadore eyewear district of Longarone, Italy. In 2012, the PAI Partners private equity company took control of Marcolin.Earlier this year, Marcolin announced another joint venture, with LVMH Moët Hennessy Louis Vuitton. As per the agreement, starting from 2018, Marcolin will design and manufacture the eyewear collections for Céline and Louis Vuitton. LVMH is to control 51 percent of the joint venture, plus take a 10 percent stake in Marcolin.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion