The ten-year renewal is effective starting April 1, 2020 and is scheduled to expire on December 31, 2029.
Luxottica Group and Versace on 10th April 2020, announced the early renewal of an exclusive license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Versace brand.
“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”, commented Francesco Milleri, CEO of Luxottica.
“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” added Jonathan Akeroyd, CEO of Versace.