(PRESS RELEASE) LONGARONE, BELLUNO – Marcolin Group announced the signing of a joint venture agreement with Moendi, one of the largest independent distributors in Mexico.
Moendi has over 25 years of experience in the wholesale and retail distribution of luxury and diffusion sunglasses and eyeglasses in Mexico, selling more than 250,000 frames a year with 20 sales representatives covering the national territory.
The JV, named Marcolin Mexico, is 51 percent owned by Marcolin Group and its headquarters will be based in Naucalpan in the state of Mexico. It will distribute the eyewear collections of some of the brands that are part of the Marcolin Group portfolio.
Massimo Renon, CEO Marcolin Group, said: “We are proud to establish this joint venture with the Goldwasser family. Their long-lasting experience in the wholesale and retail eyewear distribution across Mexico will allow Marcolin Group to further grow and strengthen its presence in that area”.
Mario Goldwasser, Moendi’s founder, added: “Our family is extremely proud of the new JV partnership with an industry leader like Marcolin Group, making us very excited to represent its leading brand portfolio in Mexico. Thanks to the common business vision which is the pillar of our partnership, we will work together to enhance Marcolin Group’s market share in our country.”