EssilorLuxottica and Michael Kors Announce Extended Licensing Partnership
21 Fevereiro 2024 - 3:00AM
EssilorLuxottica and Michael Kors Announce Extended Licensing
Partnership
EssilorLuxottica and Michael
KorsAnnounce Extended Licensing
Partnership
Charenton-le-Pont, France, and New York,
US (February, 21 2024 – 07:00 am CET) -
EssilorLuxottica and Michael Kors announced today the renewal of
their licensing agreement for the development, production and
worldwide distribution of prescription frames and sunglasses under
the Michael Kors brand.
The renewal will come into effect on January 1,
2025 and cover a period of five years, with an option for a
five-year extension. The early renewal, coming almost a year before
the expiration of the current agreement, is a testament to the
strong confidence and collaboration between the two companies since
2015.
“We are really proud of the work we’ve done with
Michael Kors over the past decade. In the years ahead, we’ll
continue to innovate together with designs that reflect the brand’s
innate sense of modern glamour and its unfailing eye for effortless
chic,” says Francesco Milleri, Chairman and CEO of
EssilorLuxottica. “With this move, EssilorLuxottica continues to
strengthen its collaboration with one of the most relevant luxury
groups around the world through strategic partnerships that express
the essence of its unique brands”.
“We’re very pleased with the success of our
partnership with EssilorLuxottica over the past 10 years,” says
Cedric Wilmotte, CEO of Michael Kors. “Together, we have grown
Michael Kors eyewear into a global business at the leading edge of
fashion eyewear while continuing to celebrate the brand’s long and
distinctive heritage. We share EssilorLuxottica’s commitment
to design, innovation and quality, and look forward to continuing
our close collaboration in the years ahead.”
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. EssilorLuxottica
has over 190,000 employees. In 2023, the Company generated
consolidated revenue of Euro 25.4 billion. For more information,
please visit www.essilorluxottica.com.
Michael Kors
Michael Kors is a world-renowned, award-winning
designer of luxury accessories and ready-to-wear. His namesake
company, established in 1981, currently produces a range of
products under Michael Kors Collection, MICHAEL Michael Kors and
Michael Kors Mens, including accessories, ready-to-wear, footwear,
watches, and a full line of fragrance products. Michael Kors stores
are operated in the most prestigious cities in the world. In
addition, Michael Kors operates digital flagships across North
America, Europe and Asia, offering customers a seamless
omni-channel experience.
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