Italian eyewear maker Safilo and Gucci have announced the extension of licence agreements for the production and distribution of high end designer brands such as Gucci, Bottega Veneta and Alexander McQueen optical and sunglass collections.
The contract renewals dispel rumours that Safilo could lose the rest of its Gucci licences after Luxottica Group won the licence for Stella McCartney branded sunglasses (Optician, News, May 2).
Relations between the two groups began when Safilo presented Gucci's first eyewear collection in 1989 and the signings extend the Gucci brand contract to 2018, Bottega Veneta to 2010 and Alexander McQueen to 2013.
Vice-chairman and chief executive officer of the Safilo group, Massimiliano Tabacchi commented after the agreement on November 10: 'We are very proud that one of the most long-standing and successful partnerships in the luxury sector, that between Gucci Group and Safilo has been renewed.'
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