ESLOY Essilor Luxottica (PK)

By Andrea Figueras

EssilorLuxottica said Thursday that it has signed a licensing agreement with Capri Holdings' Jimmy Choo for the design, manufacture, and worldwide distribution of the British fashion brand's eyewear collections for the next ten years.

The agreement, with undisclosed financial details, will be effective from Jan. 1 and run until Dec. 31, 2028. It has an automatic renewal option of an additional five years, the companies said.

Sandra Choi, creative director of Jimmy Choo, will lead the development of the collections. The first collaborative work will be available in the first quarter of the next fiscal year.

"Our collaboration will further strengthen the high-luxury segment in the eyewear category," said Francesco Milleri, chairman and chief executive of the Italian-French eyewear company.

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

June 29, 2023 03:58 ET (07:58 GMT)

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