EssilorLuxottica and Coach Renew Global License Agreement
EssilorLuxottica and Coach announced the renewal of an exclusive license agreement for the design, production and worldwide distribution of prescription frames and sunglasses globally under the Coach Eyewear brand. The five-year agreement will come into effect on July 1, 2021 and run until June 30, 2026 with the potential for a five-year extension.
“EssilorLuxottica is delighted to renew and further develop its partnership with Coach, a leading design brand which represents authentic craftsmanship and luxury modern American style. Through our new branded eyewear collections, we continue to build loyalty and strengthen our emotional connection with Coach’s clients around the world,” commented Francesco Milleri, CEO of EssilorLuxottica.
“We are so pleased to renew our successful partnership with Luxottica,” said Todd Kahn, CEO and Brand President of Coach. “We are excited for the next chapter of our relationship, and are looking forward to continuing to create beautiful eyewear that is crafted to last.”