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Article: Luxottica and Stella McCartney Sign New License Agreement for Sunglasses.
- Article from:
- PR Newswire
- Article date:
- April 17, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MILAN, Italy, and LONDON, April 17 /PRNewswire-FirstCall/ -- Luxottica Group S.p.A. (NYSE: LUX; MTA: LUX), a global leader in the design, manufacturing and distribution of premium fashion and luxury eyewear, and Stella McCartney Limited, a joint venture between Ms. Stella McCartney and Gucci Group N.V., announced today the signing of a new long-term exclusive license agreement for the design, production and worldwide distribution of sunglasses under the luxury lifestyle brand Stella McCartney.
The agreement, which will begin on January 1, 2009, is for an initial term of six years, automatically renewable for an additional five-year term. The first collection ...