Luxottica And Salvatore Ferragamo Renew World Eyewear License Agreement For An extra Three Years

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Milan and Florence, Italy – January 30, 2009 – Luxottica Group S.p.A. (NYSE: LUX; MTA: LUX), a worldwide leader in premium trend, luxury and sports eyewear, and Salvatore Ferragamo Italia S.p.A., mum or dad firm of the Ferragamo Group, a world leading participant in luxury goods trade, announced at the moment a three-year extension of the licence settlement for the design, manufacturing and worldwide distribution of prescription frames and sunglasses beneath the Salvatore Ferragamo brand. The brand new agreement will run via December 2011, with an option for an extra two-yr extension beneath the same phrases.

Andrea Guerra, CEO of Luxottica Group, commented: “The relationship with Salvatore Ferragamo started again in 1998 and it’s thus one of the longest lasting licenses in our portfolio. We stay up for proceed working collectively to develop new collections that leverage the standard and craftsmanship of Made in Italy that distinguishes our merchandise with shoppers and customers alike around the world

“We are very happy with the renewal of the agreement with Luxottica, essentially the most prestigious company in eyewear with whom we have been long-time companions. This relationship contributes to additional develop our model in the global luxurious market commented Michele Norsa, CEO of Salvatore Ferragamo.

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