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Luxottica secures license renewals for two Italian luxury brands

Luxottica Group has renewed its exclusive licensing agreements with Italian luxury fashion labels Dolce & Gabbana and Versace until the end of 2029.

The Italian eyewear giant announced the deals in March and April, which will see it continue with the development, production and distribution of sunglasses and prescription frames for both brands for the next 10 years.

Mr Leonardo Del Vecchio, executive chairman of Luxottica, said the company had worked with Dolce & Gabbana for the past 15 years.

“We are extremely proud of our collaboration with Dolce & Gabbana and the beautiful frames we are creating together,” he said. “

“Dolce & Gabbana is a truly global and iconic brand and a true ambassador of ‘made in Italy’. We look forward to continuing to shape the idea of luxury eyewear together in the decade ahead.”

Luxottica Group’s worldwide agreement with Versace was an early renewal of an exclusive license agreement.

Mr Francesco Milleri, CEO of Luxottica, said the company was pleased to partner with Versace, further extending an agreement which dates back to 2003.

“Together we continue to create unique collections that express the wonder of Versace’s style through eyewear around the world,” he said.

Mr Jonathan Akeroyd, CEO of Versace, added: “We are 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.”