By  on August 5, 2011

MILAN — Marcolin SpA said chief executive officer and general manager Massimo Saracchi has submitted his resignation due to the expiration of his contract. Saracchi will continue as ceo until Sept. 30.

Saracchi’s impending departure was revealed as Marcolin reported higher profits and sales in the first half of the year, bolstered by sales of the luxury brands it has under license, with a significant boost from the Swarovski line the Italian eyewear maker introduced at the beginning of the year.

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