Michael Kors signs eyewear deal with Luxottica Group
Michael Kors has entered into a 10-year eyewear license agreement with the Luxottica Group in order to enhance their performance in the optical and sunglassese marketplace.
Michael Kors has signed a deal with the Luxottica Group.
The US fashion designer's eponymous label has entered into an exclusive 10-year license agreement with the world's largest eyewear company, with their first collection launching in January 2015.
Andrea Guerra, Chief Executive Officer of the Luxottica Group, commented: ''We are very excited and proud to be entering this new partnership with Michael Kors, one of the most powerful American luxury lifestyle brands in the world.
''Michael Kors has a major influence in fashion, with products that are exciting to luxury audiences globally. We believe that the Michael Kors' brand proposition, its solid growth and strong performance across its segments, and its innovative fashion design fit perfectly within our portfolio. We are confident that this partnership will have great success.''
Luxottica will produce eyewear for the Michael Kors Collection and MICHAEL Michael Kors eyewear, and both lines will be available at stores and online around the world.
Michael Kors is best known for its luxury accessories and the deal will allow the brand to continue expanding its eyewear abroad.
John D. Idol, CEO of Michael Kors, added: ''We have achieved great success in the eyewear business and believe that our new partnership will further enhance our luxury image in the optical and sunglass marketplace.
''Luxottica is the industry leader in eyewear through their commitment to design and quality which makes them the perfect partner for our luxury brand. Our eyewear business is an important component of the overall growth strategy as we continue our expansion around the world.''