Italian fashion house Dolce&Gabbana has announced the early renewal of their eyewear licensing agreement with eyewear manufacturer EssilorLuxottica.
The new licensing renewal will see EssilorLuxottica continuing to develop, produce and distribute worldwide prescription frames and sunglasses under the Dolce&Gabbana brand.
The existing agreement, which took effect on January 1, 2020, and was scheduled to expire on December 31, 2029, has been renewed and replaced with a new accord, lasting 16 years, effective January 1, 2024, until December 31, 2039.
Francesco Milleri, chairman and chief executive at EssilorLuxottica, said in a statement: “Dolce&Gabbana has held a special place in our hearts over two decades. Since our stories intertwined, we have created some beautiful, memorable and innovative frames together, each a ‘made in Italy’ masterpiece.
“We have cultivated a love, admiration and loyalty among the most discerning consumers, developing a deep trust and respect for each other along the way. Our early renewal signals the strong bond between our companies and the promise that luxury eyewear represents in the decades ahead.”
Alfonso Dolce, chief executive at Dolce&Gabbana, added: “EssilorLuxottica and Dolce&Gabbana have built a powerfully effective partnership over the last 19 years, both in business and creativity. Today's long-term renewal is representative of our shared confidence in the future opportunities from which both parties will benefit as we continue to work together in the years ahead.
“EssilorLuxottica's unparalleled know-how in the manufacture of eyewear is matched only by the scale and quality of its global network of retail and distribution. Dolce&Gabbana is delighted to confirm today's renewal.”
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