What: The global eyewear group has completed the acquisition of its own subsidiary in Mexico.

Why it is important: Global brands and suppliers regain total control of their operations by squeezing local partners, putting department stores at the risk of losing leveraged negotiating power.

The Italian group has acquired the remaining 49% of its shares in its former joint venture in Mexico as part of its greater corporate strategy to enhance its presence in key markets.

Marcolin Mexico will continue to support its local stakeholders from its own subsidiary in Mexico City while further improving and quickening responses to clients’ needs.

Marcolin acquires Mexico operations