The world’s largest eyewear group is thought to be continuing its expansion into emerging markets as it looks to offset a decline in demand for luxury on a global scale. The Milanese company, which owns Ray-Ban, Oliver Peoples and Oakley and holds the licenses to produce eyewear for Prada, Chanel, Stella McCartney and Versace, is now reported to be considering expanding into Brazilian and Asian markets.
Safilo and Marc Jacobs have announced the early renewal of their licensing agreement for the design and distribution of Marc Jacobs and Marc by Marc Jacobs frames and sunglasses. The deal is said to run until the end of 2024, according to a statement.
Luxury eyewear maker Luxottica SpA on Wednesday announced fourth quarter sales grew 12 per cent on strong demand from emerging markets, as well as a rebound in Australia. The Italian group said net sales rose to EUR 1.51 billion in the last three months of the year from EUR 1.35 a year before.
Luxottica Group SpA has confirmed talks with Giorgio Armani SpA to produce glasses for the designer under license. The eyewear specialist is keen to close a deal with the fashion house, which is one of the world’s most coveted labels. Luxottica chief executive Andrea Guerra told press “Yes we are in talks with Armani,” as the company battles with rival eyewear maker Safilo for the licensing contract.
Luxottica (LUX.MI), the world's biggest premium eyewear group, expects a solid 2011 after stronger demand for luxury brands, especially in the United States and Asia, boosted 2010 sales to record levels. The maker of Ray-Ban and Oakley sunglasses said on Monday 2010 net sales hit a record 5.80 billion euros ($7.9 billion), helped by consumers' improving confidence in its key U.S. market and a more customer-focused retail business. Read more on Reuters
Today, luxury brand Gucci hit the 3 million fan mark on Facebook. The Italian brand may soon surpass Burberry, as the most followed fashion brands with 3.2 million fans. But Burberry may be facing stiff competition from Gucci as both brands hit the 2-million-fan mark on Facebook in October and are aggressive when it comes to communicating with their online followers. They regularly post photos, product announcements, videos and lookbooks of their upcoming collections on their Facebook walls. Furthermore, Gucci launched the "Eye Want You" Facebook application earlier this month, which features eyewear from the new Gucci Eyeweb CollectionSee more on Independent
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