Luxottica Group and Prada Group renew eyewear license agreement
Milan, Italy – May 14th, 2015- Luxottica Group (MTA: LUX; NYSE: LUX), a leader in the design, manufacture and distribution of fashion, luxury and sports eyewear, and Prada s.p.a., part of Prada Group, announced today the renewal of an exclusive license agreement for the design, production and worldwide distribution of prescription frames and sunglasses under the Prada and Miu Miu brands. The 10-year agreement will extend through December 31, 2025.
The partnership between Luxottica and Prada Group illustrates a deep and on-going commitment to true Italian excellence based on creativity, craftsmanship and innovation.
Adil Khan, Luxottica’s CEO of Markets, commented: “We are extremely proud of our collaboration with Prada Group and the beautiful and innovative frames we are creating together. Prada and Miu Miu are truly global and iconic brands and we look forward to continuing our successful partnership in the years ahead”.
Patrizio Bertelli, Prada Group’s CEO, said: “We are very pleased to announce the renewal of our co-operation with Luxottica which, thanks to its leadership in the international markets, is the ideal partner to boost our brands’ identities.”