#To See The Beauty Of Life
Luxottica and Donna Karan Renew Global Eyewear License Agreement for an Additional Five Years
09 Apr 2009 - 09:14 AM
Milan, Italy and New York – April 9, 2009 - Luxottica Group S.p.A. (NYSE: LUX; MTA: LUX), a global leader in premium fashion, luxury and sports eyewear, and Donna Karan International Inc. today announced a five-year extension of the license agreement for the design, production and worldwide distribution of prescription frames and sunglasses under the Donna Karan and DKNY brands. The new agreement will run through December 2014, with an option for a further five-year extension.
Antonio Miyakawa, Executive Vice President, Wholesale and Marketing of Luxottica Group, commented: “We are very pleased with the long-term renewal of this partnership. The new agreement will allow us to target the market even more effectively, thus maximizing the potential of these two highly-recognizable brands each within its target market.”
“We are extremely pleased to further our longstanding partnership with Luxottica. The combined experience of our two companies in design, product development and building brand equity will enable us to further develop our eyewear business for growth,” commented Mark Weber, Chairman and CEO of Donna Karan International.
Last updated: Jan 02 2014