Armani and Luxottica sign exclusive license agreementTuesday, 12 June 2012
The Armani Group, one of the leading fashion and luxury goods
groups in the world, is joining forces with luxury eyewear company Luxottica in an exclusive license agreement for the production and worldwide distribution of luxury eyewear under the Giorgio Armani, Emporio Armani, and A/X Armani Exchange brands.
The 10-year license agreement, incorporating market conditions, will begin on January 1, 2013, and the first collection will be presented during 2013.
Luxottica is predicting that the Armani eyewear will generate strong growth for the company. After the initial launch period, which includes primary distribution in all key geographical regions and sales channels, annual sales are predicted to surpass €200 million.