By
Reuters
Published
May 9, 2024
Italian eyewear maker Marcolin reported on Thursday net sales of 145.6 million euros ($156.4 million) in the first quarter, broadly flat compared with a year earlier on a like-for-like basis, as its main investor looks for a buyer.
Marcolin’s main shareholder, private equity firm PAI Partners, earlier this year hired Goldman Sachs to explore a merger or a sale, sources said at the time.
The group, which holds a permanent licence to produce Tom Ford-branded eyewear, said its adjusted core profit rose 8.5% in the first three months of the year to 25.7 million euros.
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