LUXOTTICA and PRADA renew eyewear license agreement

05 Dec 2012 - 07:30 PM

Milan, Italy – December 5, 2012- Luxottica Group (MTA: LUX; NYSE: LUX), a leader in the design, manufacture and distribution of fashion, luxury and sports eyewear and PRADA Sa, company of the Gruppo PRADA, one of the world leaders in the luxury goods sector, 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, until December 31, 2018 consistent with existing commercial terms and conditions.

Andrea Guerra, Chief Executive Officer of Luxottica, commented: “We are delighted to be able to confirm the collaboration between two icons of Italian excellence, continuing along the path of success and mutual satisfaction in all the markets in which we operate”.

This license represents one of the most important and significant example of industrial collaboration between two key players in “Made in Italy” design that incorporates creativity, craftsmanship, production and distribution.

Last updated: Dec 30 2013