EssilorLuxottica, Jimmy Choo Sign Ten-Year Licensing Agreement
By Andrea Figueras
EssilorLuxottica said Thursday that it has signed a licensing agreement with Capri Holdings' Jimmy Choo for the design, manufacture, and worldwide distribution of the British fashion brand's eyewear collections for the next ten years.
The agreement, with undisclosed financial details, will be effective from Jan. 1 and run until Dec. 31, 2028. It has an automatic renewal option of an additional five years, the companies said.
Sandra Choi, creative director of Jimmy Choo, will lead the development of the collections. The first collaborative work will be available in the first quarter of the next fiscal year.
"Our collaboration will further strengthen the high-luxury segment in the eyewear category," said Francesco Milleri, chairman and chief executive of the Italian-French eyewear company.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
June 29, 2023 03:58 ET (07:58 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
Markets Brief: Tech Stocks Lead Ahead of Nvidia Earnings
-
How Anti-Obesity Drugs Are Innovating the Healthcare Market
-
What’s Happening In the Markets This Week
-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
After Earnings, Is Lyft Stock a Buy, a Sell, or Fairly Valued?
-
8 Stock Picks in the Apparel Industry
-
Baidu Earnings: Advertising Weakness Offset by Continued Growth In Cloud Business
-
Going Into Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?
-
Walmart Earnings: Low Prices and Strong Digital Presence Drive Market Share Gains
-
After Earnings and a Big Selloff, Is Shopify Stock a Buy, a Sell, or Fairly Valued?
-
Cisco Earnings: Positive Guidance and Splunk Inclusion Align With Our Long-Term Thesis
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing