Marcolin enters into a license agreement with Ferrari

Marcolin has announced to have entered into a license agreement with Ferrari SpA concerning the design, production and exclusive worldwide distribution of vision and sunglasses frames with the Ferrari label. The first collection will be presented early 2006.

The multi-year license contract expires December 2010 and the terms of the agreement comply with those of the fashion and luxury division of the Marcolin portfolio. The Ferrari line will be distributed to prestigious outlets throughout the world.

Marcolin Group Managing Director Maurizio Marcolin commented: 'We are extremely happy to have this opportunity to develop a new line of eyewear with the most famous Italian brand in the world, now an extraordinary symbol of Italian excellence in innovation, technology and luxury'.

Jean Todt, Managing Director of Ferrari SpA, said: 'It is a choice that perfectly mirrors Ferrari's genuine values: perfect craftsmanship, the use of new technologies and materials, extreme attention to detail, and exclusiveness. I am certain that Marcolin will create a product that is the epitome of tradition, sobriety and Italian style'.