Luxottica renews eyewear licence contract with Chanel
today Oct 24, 2019
Chanel and the Luxottica group have announced the early renewal of their exclusive licence agreement for the development, production and worldwide distribution of the French luxury label’s eyeglasses and sunglasses.
The new, five-year licence deal will be effective on January 1 2020 and will end on December 31 2024, with the option of a three-year extension from January 1 2025 to December 31 2027.
“Chanel has developed a very strong and valuable partnership with Luxottica over the past 20 years. We are convinced that Chanel’s eyewear will continue to be one of the most desirable fashion accessories thanks to Luxottica’s innovative know-how, which magnifies Chanel’s creativity and our further enhancement of the client experience in the coming years. We are absolutely delighted to continue this success story with Luxottica,” said Bruno Pavlovsky, president of Chanel’s fashion division.
“For twenty years, Luxottica and Chanel have shaped the idea of luxury eyewear together, with outstanding, highly exclusive and iconic products, starting with the launch of Chanel’s first-ever eyewear collection in 1999. We are proud and thankful for this collaboration which has brought mutual success and satisfaction,” said Leonardo Del Vecchio, executive president of Luxottica.
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