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MILAN — Luxottica Group and Prada said Wednesday they had renewed a licensing agreement for the production and distribution of eyewear under the Prada and Miu Miu monikers until December 31, 2018.
The license had first been signed in July 2003.
Andrea Guerra, chief executive officer of Luxottica, stated: "We are delighted to be able to confirm the collaboration between two icons of Italian excellence, continuing along the path of success and mutual satisfaction in all the markets in which we operate."
In addition to its own house brands Ray-Ban and Oakley among others, Luxottica produces eyewear collections for brands including Burberry, Chanel, Coach, Ralph Lauren and Versace.
At the same time, as rival eyewear maker Marcolin finalized its sale to Cristallo SpA, controlled by PAI Partners, it said it had renewed its own licenses with Roberto Cavalli (also for the Just Cavalli brand) and Kenneth Cole until 2020 and 2016, respectively.
The board said that Giovanni Zoppas was taking on the role of chairman, in addition to his current post as ceo and general director, as Giovanni Marcolin Coffen had resigned. Maurizio Coffen Marcolin and shareholders Andrea and Diego Della Valle had also resigned as administrators of the board. Marcolin produces collections under license for brands including Balenciaga, Tod's, Hogan, Tom Ford and DSquared 2 among others, in addition to its own brands Marcolin and Web Eyewear.