EssilorLuxottica and Michael Kors Extend Licensing Partnership
EssilorLuxottica and Michael Kors have renewed their licensing agreement for the development, production, and worldwide distribution of prescription frames and sunglasses. The five-year extension begins January 1, 2025.
EssilorLuxottica, a global leader in the eyewear industry, and fashion house Michael Kors announced an extension of their long-standing licensing partnership. The renewed agreement, effective January 1, 2025, will cover the development, production, and worldwide distribution of prescription frames and sunglasses under the Michael Kors brand.
The partnership extension spans five years, with an option for an additional five-year term. The early renewal, occurring nearly a year before the current contract expires, signifies the strong confidence and collaboration between the two companies since their initial partnership began in 2015.
Francesco Milleri, Chairman and CEO of EssilorLuxottica, expressed pride in the work accomplished with Michael Kors over the past decade. He stated that future endeavors will focus on continued innovation in designs that reflect the brand's signature modern glamour and effortless chic. Milleri added that this strategic partnership strengthens EssilorLuxottica's collaborations with globally relevant luxury groups.
Cedric Wilmotte, CEO of Michael Kors, commented on the success of the partnership over the last 10 years. He noted that together they have grown Michael Kors eyewear into a global business at the forefront of fashion eyewear while celebrating the brand's distinctive heritage. Wilmotte highlighted a shared commitment to design, innovation, and quality, and looks forward to continuing the close collaboration.