Safilo And Fossil Announce The Renewal Of Their Optical Frame Licensing
Agreement And Add Sunglasses Globally
PADUA, Italy, July 11, 2013
PADUA, Italy, July 11, 2013 /PRNewswire/ --Safilo Group, worldwide leader in
the premium eyewear sector, and Fossil Group, Inc., the global lifestyle
company specializing in consumer fashion accessories, announce the renewal of
their eyewear licensing agreement for the design, manufacturing and
distribution of FOSSIL branded optical frames and the addition of sunglasses.
The new agreement now runs until December 31st, 2018 and has been extended to
include global distribution. The previous agreement for optical frames covered
only the U.S and Canada.
"Fossil is an extraordinary partner and we are very satisfied with the results
we have achieved in North America over the past few years," said Roberto
Vedovotto, CEO of Safilo Group. "We are truly convinced that there is still
significant potential to be exploited all over the world with a brand which
represents its authentic vintage style in such a comprehensive way. With the
aim to further reinforce their collaboration in order to achieve faster growth
in the eyewear category we believe there are important opportunities for
development, particularly in EMEA and Latin America, but also in Asia where
the brand is already successful."
Kosta N. Kartsotis, Chairman and Chief Executive Officer of Fossil Group, Inc.
commented: "Safilo has been a great partner for us and we are excited to add
the sunglass category and expand optical frames to the global market. This
licensing agreement will allow us to leverage Safilo's expertise and
distribution to increase our FOSSIL brand global eyewear offerings."
About Safilo Group
The Safilo Group is worldwide leader in the premium eyewear sector for
sunglasses, optical frames and sports eyewear. With an international presence
through 30 owned subsidiaries in primary markets – in America, Europe and Asia
– and exclusive distributors, Safilo produces and distributes its house brands
– Safilo, Carrera, Polaroid, Smith Optics, Oxydo – and the licensed brands
Alexander McQueen, Banana Republic, Bobbi Brown (starting from 2014), BOSS,
BOSS Orange, Bottega Veneta, Celine, Dior, Fendi (starting from 2014), Fossil,
Gucci, HUGO, J.Lo by Jennifer Lopez, Jimmy Choo, Juicy Couture, Kate Spade,
Liz Claiborne, Marc Jacobs, Marc by Marc Jacobs, Max Mara, Max&Co., Pierre
Cardin, Saint Laurent, Saks Fifth Avenue and Tommy Hilfiger. For further
About Fossil Group, Inc.
Fossil Group, Inc. is a global design, marketing and distribution company that
specializes in consumer fashion accessories. The Company's principal offerings
include an extensive line of men's and women's fashion watches and jewelry
sold under proprietary and licensed brands, handbags, small leather goods,
belts, sunglasses, soft accessories and clothing. In the watch and jewelry
product categories, the Company's offerings include a diverse portfolio of
globally recognized proprietary and licensed brand names under which its
products are marketed. The Company's extensive range of accessory products,
brands, distribution channels and price points allows it to target
style-conscious consumers across a wide age spectrum on a global basis. The
Company's products are sold to department stores, specialty retail stores and
specialty watch and jewelry stores in the U.S. and in approximately 130
countries worldwide. The Company also distributes its products in over 450
Company-owned and operated retail stores and through international e-commerce
websites and the Company's U.S. e-commerce website at www.fossil.com, where
certain product, press release and SEC filing information concerning the
Company are also available.
Safilo Group Investor Relations Fossil Group, Inc. Investor Relations
Barbara Ferrante Allison Malkin
ph. +39 049 6985766 ICR
www.safilo.com/en/investors.html ph +1 203-682-8225
Safilo Group Press office
Milan – ph. +39 02 77807607
Padua – ph. +39 049 6985322
SOURCE Safilo Group
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