Luxottica Group and Versace Renew License Deal

(PRESS RELEASE) MILAN, ITALY – Luxottica Group and Versace announced the early renewal of an exclusive license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Versace brand. The ten-year renewal was effective starting April 1, 2020, and expires on Dec. 31, 2029.

“We are pleased to renew our partnership with Versace, which marks the further extension of a longstanding relationship between our two Companies dating back to 2003. Together we continue to create unique collections that express the wonder of Versace’s style through eyewear around the world,” said Francesco Milleri, CEO of Luxottica.

“Versace is delighted to renew and further develop its strong and successful partnership with Luxottica. We look forward to the next chapter of our relationship where we will continue to innovate in the eyewear category,” said Jonathan Akeroyd, CEO of Versace.