Luxottica Group Renews 10-year License For Versace Sunglasses With Capri Holdings
Milan, Italy – Capri Holdings and Luxottica Group announced the early renewal of an exclusive license agreement for the Versace brand for the development, production and worldwide distribution of sunglasses and prescription frames.
The ten-year renewal is effective starting April 1, 2020 and is scheduled to expire on December 31, 2029. The previous agreement was set to expire in 2023. Luxottica first licensed the Versace brand in 2003 after acquiring the Italian eyewear company IC Optics, which had been a joint venture between Versace and Italocremona.
“Versace is delighted to renew and further develop its strong and successful partnership with Luxottica. We look forward to the next chapter of our relationship where we will continue to innovate in the eyewear category” commented Jonathan Akeroyd, CEO of Versace.
“We are pleased to renew our partnership with Versace, which marks the further extension of a long-standing relationship between our two Companies dating back to 2003. Together we continue to create unique collections that express the wonder of Versace’s style through eyewear around the world,” added Francesco Milleri, CEO of Luxottica.
Contacts:
Versace:
e-mail: press@versace.it
Luxottica Group:
