EssilorLuxottica: Prada Group and EssilorLuxottica announce ten-years licensing renewal
December 19 2024 - 1:00AM
UK Regulatory
EssilorLuxottica: Prada Group and EssilorLuxottica announce
ten-years licensing renewal
Prada Group and EssilorLuxottica announce
ten-years licensing renewal
The renewal is a testament to the strong confidence, trust and
collaboration between the two companies
Milan, Italy and Paris, France (19 December 2024 – 08:00 am
CET) – Prada Group and EssilorLuxottica announce
today the renewal of their licensing agreement for the development,
production and worldwide distribution of eyewear under the Prada,
Prada Linea Rossa and Miu Miu brands.
The existing agreement, expiring on December 31, 2025, has been
extended through December 31, 2030, with the provision for renewal
until December 31, 2035.
Rooted in a pioneering vision and commitment to excellence, the
over twenty-year partnership has shaped a unique approach to luxury
that is both timeless and forward-looking. The two companies have
taken inspiration from the worlds of fashion and technology to
deliver innovative collections that have become a benchmark in the
entire industry.
Patrizio Bertelli, Prada Group Chairman, commented: “We are
pleased to announce the renewal of this agreement with
EssilorLuxottica, a trusted and long-standing partner with whom we
have developed a strong collaboration built on craftsmanship,
quality and innovation. This renewal reaffirms our commitment to
these values and to our shared vision for the future of
eyewear.”
“Since our paths first crossed, Prada Group has been an
extraordinary partner, holding a very special place in our journey.
This renewal fills us with pride and marks our shared commitment to
embrace the finest expression of luxury eyewear – from refined
elegance to bold irreverence and sport-inspired dynamism. Together
we aim to deliver even greater innovations in the years to
come,” added Francesco Milleri, Chairman and CEO at
EssilorLuxottica.
- DOWNLOAD THE PRESS RELEASE
Essilorluxottica (EU:EL)
Historical Stock Chart
From Nov 2024 to Dec 2024
Essilorluxottica (EU:EL)
Historical Stock Chart
From Dec 2023 to Dec 2024