Luxottica and Donna Karan strike five-year renewal of global eyewear licensing agreement – 22/05/09
Published: 22/05/09
Source: ©The Moodie Report
By Dermot Davitt
INTERNATIONAL. Luxottica Group and Donna Karan International Inc. have announced a five-year extension of their licensing 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, said: “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 maximising the potential of these two highly-recognisable brands each within its target market.”
Mark Weber, Chairman and CEO of Donna Karan International, added: “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."
About Luxottica Group
Luxottica Group is a global leader in premium fashion, luxury and sports eyewear, with over 6,200 optical and sun retail stores in North America, Asia-Pacific, China, South Africa and Europe. Luxottica’s key house brands include Ray-Ban, the best known sun eyewear brand in the world, Oakley, Vogue, Persol, Oliver Peoples, Arnette and REVO, while licence brands include Bvlgari, Burberry, Chanel, Dolce & Gabbana, Donna Karan, Polo Ralph Lauren, Prada, Salvatore Ferragamo, Tiffany and Versace. Visit www.luxottica.com.
About Donna Karan International
Donna Karan International is one of the world’s leading fashion design houses. It designs, markets and distributes collections of apparel, sportswear, accessories and shoes under the Donna Karan and DKNY brand names. The company has selectively granted licenses for the manufacture and distribution of beauty and beauty related products, jeanswear, activewear, men’s sportswear, men’s furnishings, men’s tailored clothing, eyewear, hosiery, intimate apparel, coats, children’s apparel, watches and home. Since November 2001, Donna Karan International has been part of LVMH, the world’s leading luxury goods group.
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