MILAN, Nov 21 (Reuters) – Brunello Cucinelli (BCU.MI) signed an unique license take care of French-Italian glasses maker EssilorLuxottica (ESLX.PA) for the design, manufacture and distribution of eyewear below the Italian luxurious group’s model, the 2 firms stated in an announcement on Monday.
The brand new ten-year settlement will likely be efficient from subsequent January, whereas the primary assortment of glasses will likely be launched within the first quarter of 2024.
The deal is an extension of the present collaboration between the 2 companies that started in 2021, together with a capsule assortment signed by Brunello Cucinelli and EssilorLuxottica’s unique model Oliver Peoples, they added.
Reporting by Cristina Carlevaro enhancing by Federico Maccioni
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