EssilorLuxottica signs 10-year licensing agreement with Swarovski
Reuters
Published Dec 06, 2022 07:30
(Reuters) -EssilorLuxottica signed an exclusive licensing agreement with Swarovski Eyewear, the Franco-Italian eyewear maker said on Tuesday.
The collaboration's first collection, to be developed under Swarovski's creative director Giovanna Engelbert, will be available on the market from September next year, in time for the fall/winter 2023 season, the company, which also makes Ray-Ban glasses, said.
"We have always seen each pair of frames as a piece of art to be worn, which makes Swarovski and its story such a wonderful fit," Francesco Milleri, chairman and CEO of EssilorLuxottica said in a statement, expressing his excitement for the "journey with Swarovski".
The agreement, which Swarovski's CEO Alexis Nasard said is in line with the jewels maker's LUXignite strategy, will be effective until the end of 2028, with an automatic renewal option for additional five years.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.