By  on November 11, 2008

MILAN — Safilo Group SpA can breathe a sigh of relief.

After speculation the Italian eyewear firm could lose one of its most lucrative contracts, with Gucci Group, both companies said Monday they had renewed license deals for the production and worldwide distribution of branded eyeglass frames and sunglass collections for Gucci, Bottega Veneta and Alexander McQueen.

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