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This excerpt taken from the LUX 20-F filed Jun 28, 2006. Concentration of Sales under License Agreement In February 2004, the Company renewed its license agreement for the design, production and distribution of frames under the Chanel trade name. Chanel sales represent approximately 4.4 percent and 3.8 percent of total sales in 2004 and 2005, respectively. The renewed Chanel license agreement expires in 2008. This excerpt taken from the LUX 20-F filed Jun 29, 2005. Concentration of Sales under License Agreement
In 1999, the Company signed a license agreement for the design, production and distribution of frames under the Chanel trade name. Since 1999, Chanel sales have been increasing, representing approximately 4.4 percent of total sales in 2004. In February 2004, the Company announced the renewal of this license agreement. This renewed license agreement expires in 2008.
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