July 28, 2016 3:03 AM ET

Specialty Retail

Company Overview of Rivoli Group, LLC

Company Overview

Rivoli Group, LLC imports, distributes, and retails luxury products in the United Arab Emirates, Oman, Qatar, and Bahrain. It provides watches, writing instruments, luxury communications instruments, eyewear, and leather and lifestyle accessories. The company also manages on-board duty free sales for airports and airlines. Rivoli Group, LLC was founded in 1988 and is based in Dubai, United Arab Emirates. As of November 25, 2013, Rivoli Group, LLC operates as a subsidiary of Technocorp Holding S.A.

The H Dubai, Office Tower

Level 21

1, Sheikh Zayed Road

P.O. Box 121

Dubai,  

United Arab Emirates

Founded in 1988

Phone:

971 4 376 5000

Fax:

971 4 354 5570

Key Executives for Rivoli Group, LLC

Chief Executive Officer
Compensation as of Fiscal Year 2016.

Rivoli Group, LLC Key Developments

Rivoli Group and Roland Iten Launch R22 Bugatti Limited Edition Mechanical Belt Calibre in Steel

Rivoli Group and Roland Iten have launched the new R22 Bugatti limited edition mechanical belt calibre in steel in Dubai. The new R22 Bugatti mechanical belt is the product of joint forces between automobile company, Bugatti, and Ronald Iten to create a mechanically performing belt mechanism. The collection comprises of 22 hand-crafted, exquisite pieces with shades of solid white and red gold using natural titanium architecture interconnected to create a mechanism that allows the wearer to obtain the absolute precise fit. The latest introduction is the R22 Bugatti edition mechanical belt calibre that is made of steel and is created by master craftsmen in Geneva, Switzerland. The steel edition of the Bugatti mechanical belt calibre incorporates a ‘safety lock’ clip, which was not previously included in the gold collection. Roland Iten accessories are available exclusively at the Rivoli store in Burj Al Arab. Traditional belts come in lengths of 90, 100, 110 or 120cm, but the Roland Iten R22 Mk.I-22mm Bugatti edition mechanical buckle is customizable to any size, whether it is 87.30, 99.50 or 108.90cm. The patented expansion mechanism uses flow-guiding wheels that are incorporated into the teeth of the gear system to provide a ‘click-free click’ and minimal friction. Comprised of precisely 102 components in gold/titanium and 103 components in steel/titanium, each piece of this limited edition series has been entirely handcrafted, polished and assembled by master craftsmen in Switzerland and supervised throughout the production process by Roland Iten himself.

The Rivoli Group Provides Earnings Guidance for the Year 2015

The Rivoli Group provided earnings guidance for the year 2015. The company expects to record a 10% growth in profit and revenue in 2015 compared with 2014 as it looks to acquire a couple of more brands licensed by Italian eyewear firm Marcolin.

Rivoli To Acquire Brands From Marcolin

Rivoli Group, LLC intends to pursue acquisitions of brand from Marcolin S.p.A. The company expects to record a 10% growth in 2015 compared with 2014 as it looks to acquire a couple of more brands licensed by Marcolin S.p.A., according to Ramesh Prabhakar, Chief Executive Officer of Rivoli Group. "These are pretty much concluded," he said. An announcement on these brands will be made in the second half of 2015.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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