EssilorLuxottica : EssilorLuxottica and Tory Burch renew license agreement
- Nasdaq, S&P 500, set records as jobless claims decline
- Moderna (MRNA) Tops Q2 Street Estimates, Nabs $4.2 Billion from 199 Million Sold Vaccines That Yielded 93% Efficacy Through Six Months
- Oil rises over 1% as Mideast tensions face virus concerns
- Penn National Gaming (PENN) 'Scores' with $2 Billion Deal to Acquire theScore (SCR), Seen as 'Highly Strategic'
- Uber (UBER) Beats Estimates As Higher Labor Spend Drags on Profitability, Analysts Lower PTs but Remain Bullish
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
EssilorLuxottica and Tory Burch renew license agreement
Charenton-le-Pont, France and New York, US (June 21, 2021 – 8:00 am CEST) – EssilorLuxottica and Tory Burch today announced the renewal of the exclusive license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Tory Burch brand. The ten-year renewal is scheduled to expire on December 31, 2030, subject to the terms and conditions therein.
“We are pleased to continue our partnership with Tory Burch, a luxury lifestyle brand that perfectly complements our portfolio. We look forward to keep on innovating together in styles and designs that express the essence of the brand through eyewear,” commented Francesco Milleri, Chief Executive Officer of EssilorLuxottica.
“Luxottica has been a great partner that shares our commitment to innovation in this important category. We are thrilled to be continuing our relationship and look forward to taking our designs to the next level,” said Pierre-Yves Roussel, Chief Executive Officer of Tory Burch.
EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. Formed in 2018, its mission is to help people around the world to see more, be more and live life to its fullest by addressing their evolving vision needs and personal style aspirations. The Company brings together the complementary expertise of two industry pioneers, one in advanced lens technology and the other in the craftsmanship of iconic eyewear, to set new industry standards for vision care and the consumer experience around it. Influential eyewear brands including Ray-Ban and Oakley, lens technology brands including Varilux and Transitions, and world-class retail brands including Sunglass Hut and LensCrafters are part of the EssilorLuxottica family. For more information, please visit www.essilorluxottica.com.
About Tory Burch
Founded in 2004 in New York City, Tory Burch is an American luxury brand known for beautiful, timeless pieces and rich storytelling that evokes optimism and joy. Tory is a fashion designer who draws inspiration from her parents’ effortless style, the worlds of travel, art and interiors, and women globally. The collections span ready-to-wear, handbags, footwear, accessories, jewelry, home and beauty. Empowering women is the company’s guiding principle, underpinning the design philosophy and company culture, and driving the work of the Tory Burch Foundation.
EssilorLuxottica Tory Burch
Corporate Communications: firstname.lastname@example.org Frances Pennington: email@example.com
Investor Relations: firstname.lastname@example.org SVP, PR & Brand Communications
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Reservoir Capital Corp. Chief Financial Officer Resignation
- Essential Energy Services Announces Second Quarter Financial Results
- Millrock Provides Exploration Update For Alaska Gold Projects
Create E-mail Alert Related CategoriesGlobe Newswire, Press Releases
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!