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Published
Jul 30, 2015
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Luxottica and Burberry renew eyewear license agreement

Published
Jul 30, 2015

Italy's Luxottica and Britain's Burberry on Wednesday announced the renewal of an exclusive license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Burberry name. The 10-year agreement will extend to December 31, 2025.

From The Gabardine Collection - Burberry


Christopher Bailey, Chief Creative & Chief Executive Officer of Burberry said: “I am delighted that we will continue to work with Luxottica under this new agreement. Eyewear is an exciting area of our business combining great design with fine craftsmanship in much the same way as many of our iconic products.”
 
“We’re incredibly pleased to renew our partnership with Burberry,” said Adil Khan, Luxottica’s CEO of Markets. “When we came together ten years ago, we set out to translate one of the world’s most iconic luxury brands for the eyewear category and the results have been very gratifying.”

The most recent eyewear collection from Burberry, The Gabardine Collection, takes its inspiration from Burberry’s iconic gabardine fabric. First invented by the company’s founder Thomas Burberry in 1879, the lightweight and protective gabardine cloth is woven at the Burberry Mill in Yorkshire for the brand’s heritage trench coats.

This announcement comes on the heels of Luxottica's publication of its latest quarterly numbers on Monday. A strong dollar and hot weather in Europe helped the world's biggest eyewear group achieve a 25 percent rise in net income for the second quarter.

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