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LUX » Topics » , worldwide leader in the eyewear sector, announced today a 10-year licence agreement for the design, production and worldwide distribution of prescription frames and sunglasses under the Burberry name. The agreement will begin on January 1, 2006.These excerpts taken from the LUX 6-K filed Nov 7, 2005. ,
worldwide leader in the eyewear sector, announced today a 10-year licence
agreement for the design, production and worldwide distribution of prescription
frames and sunglasses under the Burberry name. The agreement will begin on
January 1, 2006.
Brian E. Blake, President and Chief Operating Officer of Burberry Group plc commented: “Burberry looks forward to working with Luxottica in this new global partnership. Among Luxottica’s many strengths, its proprietary store network in key markets and targeted growth geographies are very well aligned with Burberry’s expansion strategies. Together we will endeavour to realise the exciting opportunities for the Burberry brand in the eyewear category.”
Leonardo Del Vecchio, Chairman of Luxottica Group, commented: “We are extremely pleased with this new long-term licence agreement and look forward to working with the Burberry team to develop new, exciting collections. Burberry is one of the world’s most distinctive and dynamic luxury brands. Burberry’s strength in the substantial U.S. and Japan markets is of particular strategic importance for our Group.”
,
worldwide leader in the eyewear sector, announced today a 10-year licence
agreement for the design, production and worldwide distribution of prescription
frames and sunglasses under the Burberry name. The agreement will begin on
January 1, 2006.
Brian E. Blake, President and Chief Operating Officer of Burberry Group plc commented: “Burberry looks forward to working with Luxottica in this new global partnership. Among Luxottica’s many strengths, its proprietary store network in key markets and targeted growth geographies are very well aligned with Burberry’s expansion strategies. Together we will endeavour to realise the exciting opportunities for the Burberry brand in the eyewear category.”
Leonardo Del Vecchio, Chairman of Luxottica Group, commented: “We are extremely pleased with this new long-term licence agreement and look forward to working with the Burberry team to develop new, exciting collections. Burberry is one of the world’s most distinctive and dynamic luxury brands. Burberry’s strength in the substantial U.S. and Japan markets is of particular strategic importance for our Group.”
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