Luxottica Renews Eyewear License With Prada

MILAN— Luxottica Group (MTA: LUX; NYSE: LUX) and Prada Sa, a company of the Gruppo Prada have announced the renewal of their exclusive license agreement for the design, production and worldwide distribution of prescription frames and sunglasses under the Prada and Miu Miu brands, until Dec. 31, 2018 consistent with the commercial terms and conditions of the existing agreement.

“We are delighted to be able to confirm the collaboration between two icons of Italian excellence, continuing along the path of success and mutual satisfaction in all the markets in which we operate,” said Andrea Guerra, CEO of Luxottica.

According to Luxottica, this license represents an important and significant example of industrial collaboration between two key players in “Made in Italy” design.