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EssilorLuxottica, Armani Renew Deal Which Changed Eyewear World

EssilorLuxottica SA and Giorgio Armani’s fashion group said Wednesday that they’ll renew a landmark licensing agreement with roots in the 1980s, which saw optics tycoon Leonardo Del Vecchio and fashion icon Armani join forces to shake up the eyewear world. 

The companies said they’ll extend their current cooperation deal for 15 years, continuing to focus on development, production and global eyewear distribution under the Giorgio Armani, Giorgio Armani Privé, Emporio Armani, EA7 Emporio Armani and A|X Armani Exchange brands.