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This excerpt taken from the LUX 20-F filed Jun 28, 2006. Retail Expansion through Franchising In June 2006, we announced a five-year franchising agreement with Azal Group that will expand our Sunglass Hut chain by up to 50 stores in the Middle East by 2008. Azal Group has operations in the Middle East and Europe and has a franchise portfolio of over 30 brands, including some of the industrys most recognizable brands. |
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