EssilorLuxottica and Kodak Announce Perpetual Worldwide Brand License Agreement
27 Julho 2023 - 1:00PM
Business Wire
EssilorLuxottica and Eastman Kodak Company announced today that
they have signed a perpetual worldwide license agreement granting
EssilorLuxottica the exclusive right to use the Kodak registered
trademarks for products and services in connection with
EssilorLuxottica’s business.
Effective January 1, 2024, EssilorLuxottica will permanently add
one of the world’s most well-known and trusted brands to its
portfolio and will further develop the Kodak brand in the full
range of EssilorLuxottica product categories.
This new commitment represents an evolution of the multi-year
licensing agreement with Kodak currently in place. Under the terms
of the new agreement, EssilorLuxottica will continue to develop,
manufacture and distribute optical products and services featuring
the Kodak brand indefinitely.
“Kodak is an iconic brand rich in innovation and trusted by tens
of millions of consumers around the world. We are pleased to make
this substantial and permanent addition to our brand portfolio and
are looking forward to leveraging our innovation capabilities and
distribution network to create new opportunities for the brand and
our customers. Long term agreements like this one pave the way for
our company’s growth for many years to come,” said Paul du
Saillant, Deputy CEO of EssilorLuxottica.
“We are excited about the opportunity to expand our brand
licensing arrangement with a vision care industry leader like
EssilorLuxottica. We know the Kodak brand is in good hands along
with the other esteemed brands in the EssilorLuxottica portfolio,”
said Jim Continenza, Kodak’s Executive Chairman and CEO. “This
agreement is a great fit for Kodak. We share EssilorLuxottica’s
commitment to meeting evolving customer needs through innovation,
and we look forward to a long and successful relationship.”
EssilorLuxottica EssilorLuxottica is a global leader in
the design, manufacture and distribution of ophthalmic lenses,
frames and sunglasses. Formed in 2018, its mission is to help
people around the world to see more and be more by addressing their
evolving vision needs and personal style aspirations. The Company
brings together the complementary expertise of two industry
pioneers, one in advanced lens technology and the other in the
craftsmanship of iconic eyewear, to set new industry standards for
vision care and the consumer experience around it. Influential
eyewear brands including Ray-Ban and Oakley, lens technology brands
including Varilux and Transitions, and world-class retail brands
including Sunglass Hut, LensCrafters, Salmoiraghi & Viganò and
GrandVision are part of the EssilorLuxottica family.
EssilorLuxottica has approximately 190,000 employees. In 2022, the
Company generated consolidated revenue of Euro 24.5 billion. The
EssilorLuxottica share trades on the Euronext Paris market and is
included in the Euro Stoxx 50 and CAC 40 indices. Codes and
symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP.
For more information, please visit www.essilorluxottica.com.
Kodak Kodak (NYSE: KODK) is a leading global manufacturer
focused on commercial print and advanced materials & chemicals.
With 79,000 worldwide patents earned over 130 years of R&D, we
believe in the power of technology and science to enhance what the
world sees and creates. Our innovative, award-winning products,
combined with our customer-first approach, make us the partner of
choice for customers worldwide. Kodak is committed to environmental
stewardship, including industry leadership in developing
sustainable solutions. For additional information on Kodak, visit
us at kodak.com, or follow us on Twitter @Kodak and LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20230727522843/en/
EssilorLuxottica Marco Catalani – Head of Corporate
Communications e-mail: media@essilorluxottica.com Giorgio Iannella
– Head of Investor Relations e-mail: ir@essilorluxottica.com
Kodak Kurt Jaeckel, Director, WW Communications e-mail:
kurt.jaeckel@kodak.com
Eastman Kodak (NYSE:KODK)
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