Ralph Lauren Men's Spring 2017

Ralph Lauren Corp. has renewed its licensing agreement with Luxottica Group for the design, production and worldwide distribution of the Ralph Lauren and Polo Ralph Lauren labels.

The 10-year pact, which was first signed in 2007, has been extended through 2027.

Last month, Luxottica inked an agreement to help promote Milan’s prestigious Teatro alla Scala as a private ordinary founder.

In the second quarter of 2016, Luxottica, whose portfolio includes several house brands, including Ray-Ban, Oakley and Oliver Peoples, as well as licensed labels such as Giorgio Armani, Michael Kors and Prada, reported net sales of 2.23 billion euros, or $2.42 billion at average exchange, up 3.2 percent compared with the previous quarter.