Luxottica and Tory Burch renew eyewear license agreement
Milan (Italy), 19 December 2014 - Luxottica Group (MTA: LUX; NYSE: LUX), a leader in the design, manufacture, distribution and sale of fashion, luxury and sports eyewear, and Tory Burch LLC, an American lifestyle brand, today announced the renewal of an exclusive license agreement. Under the ten-year agreement, Luxottica will design, manufacture and distribute sun and prescription eyewear globally under the Tory Burch brand through December 31, 2024.
“Tory Burch is an incredibly successful brand that we strongly believe in. Together we have been able to translate its continuous brand awareness growth and its powerful identity into the eyewear space” said Massimo Vian, CEO of Luxottica Group. “We are excited to continue our partnership as this license fits extremely well into our brand portfolio”.
Tory Burch, Chairman, Co-CEO & Designer of Tory Burch, said, “Luxottica has been a great partner and we are thrilled to be continuing our relationship. We look forward to working with them to introduce new designs and further grow our business in this important category.”