EssilorLuxottica and Kodak Announce Perpetual Worldwide Brand License Agreement
27 Julho 2023 - 1:00PM
EssilorLuxottica and Kodak Announce Perpetual Worldwide Brand
License Agreement
EssilorLuxottica and
Kodak
AnnouncePerpetual
Worldwide
Brand
License
Agreement
Charenton-le-Pont,
France and Rochester, New
York (July
27,
2023) –
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.”
EssilorLuxotticaEssilorLuxottica 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.
KodakKodak (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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