|
|
 | | | |
- close
- close
- close
- close
| |||||||||
This excerpt taken from the LUX 20-F filed Jun 28, 2006. Moschino line,
which is terminable upon 12 months’ notice, these license agreements typically
have terms ranging from three to ten years, but may be terminated early by
either party for a variety of reasons, including non-payment of royalties,
failure to meet minimum sales thresholds, product alteration and, under certain
agreements, any change in the ownership of the ordinary shares resulting in a
change in control of Luxottica Group S.p.A.
No single designer line accounted for more than five percent of net sales for the year ended December 31, 2005. Management believes that, while the early termination of one or a small number of the current license agreements may have an adverse effect on our results of operations in the short term, any such termination would not have a material adverse effect on our long-term results of operations or financial condition. Upon any early termination of an existing license agreement, we expect that we would seek to enter into alternative arrangements with other designers to reduce any negative impact of such a termination. This excerpt taken from the LUX 20-F filed Jun 29, 2005. Moschino line,
which is terminable upon 12 months’ notice, these license agreements typically
have terms ranging from three and six years, but may be terminated early by
either party for a variety of reasons, including non-payment of royalties,
failure to meet minimum sales thresholds, product alteration and, under certain
agreements, any change in the ownership of the ordinary shares resulting in a
change in control of Luxottica Group S.p.A.
No single designer line accounted for more than five percent of net sales for the year ended December 31, 2004. Management believes that, while the early termination of one or a small number of the current license agreements may have an adverse effect on our results of operations in the short term, any such termination would not have a material adverse effect on our long-term results of operations or financial condition. Upon any early termination of an existing license agreement, we expect that we would seek to enter into alternative arrangements with other designers to reduce any negative impact of such a termination.
| EXCERPTS ON THIS PAGE:
RELATED TOPICS for LUX: |
| |||||||
