Longarone (Belluno), April 28, 2023 — Marcolin Group (“Marcolin”) closed today a long-term license with The Estée Lauder Companies (“ELC”) for TOM FORD eyewear. This represents a substantial extension of Marcolin’s license with TOM FORD. The new license agreement is perpetual and provides for an upfront payment by Marcolin of $250 million to TOM FORD, which is now owned by ELC. This was funded by a combination of cash on balance sheet and a capital increase of €75 million by Marcolin’s shareholders.
For additional information on the acquisition by The Estée Lauder Companies Inc. of the TOM FORD brand, please refer to: https://bwnews.pr/3NmkBhb
This announcement constitutes a public disclosure of inside information by the Group under Regulation (EU) 596/2014 (16 April 2014).
Marcolin Contacts: Investor Relations
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