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SFL Safilo Group SpA

1.184
-0.036 (-2.95%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Safilo Group SpA BIT:SFL Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.036 -2.95% 1.184 1.176 1.216 1.224 1.192 1.22 511,843 17:00:00

Luxottica, Armani To Clinch Licensing Agreement

16/11/2011 1:57pm

Dow Jones News


Safilo (BIT:SFL)
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Luxottica Group SpA (LUX), the world's largest eyewear maker, said Wednesday it signed a letter of intent with Giorgio Armani SpA for an exclusive license to produce eyewear sporting the Armani logo.

Smaller rival Safilo SpA (SFL.MI) currently holds the contract, which expires at the end of this year.

Luxottica, which makes eyewear under license for several companies, said its premium and luxury brands posted good growth, citing the Chanel SA, Prada SpA (1913.HK), Burberry Group PLC (BRBY.LN), Tiffany & Co (TIF) and Ralph Lauren labels.

The agreement, if finalized, will start on January 1, 2013.

-By Jennifer Clark, Dow Jones Newswires; 39 02 58 91 99 04; jennifer.clark@dowjones.com

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