EssilorLuxottica and Armani Group Announce 15-Year Licensing Renewal
Friday, September 16 2022 | 11 h 47 min | Agreements and Partnerships, News, Press Release
EssilorLuxottica and the Armani Group announced the renewal of their licensing agreement for the development, production and worldwide distribution of eyewear under the Giorgio Armani, Giorgio Armani Privé, Emporio Armani, EA7 Emporio Armani and A|X Armani Exchange brands. The existing agreement, which took effect on January 1, 2013, and expires on December 31, 2022, has been renewed for 15 years, effective January 1, 2023.
The shared history of EssilorLuxottica and The Armani Group dates back to 1988, when Luxottica’s founder and late Chairman Leonardo Del Vecchio teamed up with Armani’s founder and Chairman Giorgio Armani to bring Armani-branded glasses to the global market. This move is widely seen as the start of a revolution that changed the way consumers used their glasses, evolving them from a necessary medical device into a fashion accessory and a symbol of personal style.
“The relationship with EssilorLuxottica has been a cornerstone of my path, born from personal and professional esteem, which has led to challenging choices. Such an important renewal is the confirmation of a mutual loyalty that makes me proud and that will lead to further, important innovations,” said Giorgio Armani.
“Leonardo Del Vecchio saw in Giorgio Armani a fellow entrepreneur with a shared passion for quality and innovation, and we are excited to continue on the journey they started,” said Francesco Milleri, Chairman and CEO of EssilorLuxottica.
Click HERE for the full press release.
