Dolce & Gabbana renews its partnership with Essilux for an extra 16 years
By
Ansa
Translated by
Cassidy STEPHENS
Printed
Mar 11, 2024
EssilorLuxottica and Dolce & Gabbana announce the early renewal of their license settlement for the event, manufacturing and worldwide distribution of eyewear and sun shades below the Dolce&Gabbana model.
Dolce & Gabbana Alta Sartoria – Ansa
The prevailing settlement, which got here into pressure on January 1, 2020 and was as a result of expire on December 31, 2029, has been renewed and changed by a brand new 16-year contract, efficient from January 1, 2024 to December 31, 2039. This early renewal and its length affirm the mutual belief and high quality of the collaboration that started between the 2 corporations in 2005.
“For twenty years, Dolce & Gabbana has held a particular place in our hearts. Since our tales crossed, we now have created magnificent, timeless and modern frames, a rare expression of our Made in Italy. The fast renewal of our partnership confirms the shut hyperlink between our corporations and the prospects for luxurious eyewear within the a long time to return,” stated Francesco Milleri, Chairman and CEO of EssilorLuxottica.
“EssilorLuxottica and Dolce & Gabbana have constructed a powerful partnership over the previous 19 years, each commercially and creatively. The long-term renewal we’re signing right now confirms our shared confidence sooner or later and within the alternatives that each corporations will be capable to seize by persevering with to work collectively within the years to return,” stated Alfonso Dolce, CEO of Dolce & Gabbana.
By 2023, the Dolce & Gabbana group could have achieved gross sales of €1.6 billion, in accordance with Alfonso Dolce, in an interview with McKinsey.
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