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Luxottica Group and Bulgari SpA renew license agreement
Milan (Italy), July 31, 2019 - Luxottica Group and Bulgari SpA today announced the early renewal of an exclusive license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Bulgari brand. The three-year renewal will be effective starting January 1, 2021, immediately following the expiration of the existing agreement, and is scheduled to expire on December 31, 2023.
“This is a meaningful renewal for Luxottica. We have more than 20 years of positive collaboration between us, and a bright future still in front of us. Together we can continue to shape the luxury eyewear market, with jewel-like eyewear, admired and desired all over the world,” commented Leonardo Del Vecchio, Executive Chairman of Luxottica.
“We are happy and proud to extend our partnership with Luxottica for the coming years. In the next 3 years we expect qualitative growth of our eyewear category with an enhanced client experience and further developments in the major existing and emerging markets especially in Asia and the USA,” added Jean-Christophe Babin, CEO of Bulgari SpA.