MILAN — Luxottica Group and Prada said Wednesday they had renewed a licensing agreement for the production and distribution of eyewear under the Prada and Miu Miu monikers until December 31, 2018.
The license had first been signed in July 2003.
Andrea Guerra, chief executive officer of Luxottica, stated: "We are delighted to be able to confirm the collaboration between two icons of Italian excellence, continuing along the path of success and mutual satisfaction in all the markets in which we operate."
In addition to its own house brands Ray-Ban and Oakley among others, Luxottica produces eyewear collections for brands includingBurberry, Chanel, Coach, Ralph Lauren and Versace.
At the same time, as rival eyewear maker Marcolin finalized its sale to Cristallo SpA, controlled by PAI Partners, it said it had renewed its own licenses with Roberto Cavalli (also for the Just Cavalli brand) and Kenneth Cole until 2020 and 2016, respectively.
The board said that Giovanni Zoppas was taking on the role of chairman, in addition to his current post as ceo and general director, as Giovanni Marcolin Coffenhad resigned. Maurizio Coffen Marcolin and shareholders Andrea and Diego Della Valle had also resigned as administrators of the board.Marcolin produces collections under license for brands including Balenciaga, Tod's, Hogan, Tom Fordand DSquared 2 among others, in addition to its own brands Marcolin andWeb Eyewear.
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)
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For Lady Gaga’s only Italian show on her “Joanne World Tour,” the singer wore a range of @versace_official outfits. The standout piece: this custom-made bodysuit inspired by the brand’s spring 2018 collection. #wwdfashion (RG: @ladygaga)
@_camillaruth_ is expanding on the wellness-craze concept with @westbourne – a new NYC restaurant that’s both a healthy-minded café as well as a business that gives back to the community. Marcus works with the Robin Hood foundation to give back to The Door, a non-profit providing youth development services, and also hires employees through The Door. Read our full interview with Marcus on giving back through food on WWD.com. #wwdeye (📷: @lexieblacklock)