Luxottica has extended licenses for Brooks Brothers and Anne Klein.
Retail Brand Alliance, Inc., and Luxottica Group S.p.A. , a leader in premium fashion, luxury and sports eyewear, announced today a five-year extension of the license agreement for the design, production and worldwide distribution of prescription frames and sunglasses under the Brooks Brothers brand.
The new agreement will run through December 2014, with an option for a further five-year extension under the same terms. The terms were substantially unchanged from those of the previous agreement.
Claudio Del Vecchio, Chairman and Chief Executive Officer of Retail Brand Alliance, Inc., as well as its largest shareholder, is also member of the Board of Directors of Luxottica Group SpA.
Also announced was that Luxottica Group has also signed a three year renewal of its exclusive license agreement with Jones Apparel Group for the design, production and global distribution of prescription frames and sunglasses under the Anne Klein New York brand.
The new agreement, which is substantially unchanged from the previous agreement, extends the license through December 2012, with a provision for a further renewal. www.luxottica.com