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Safilo, Fossil Extend Deal

New agreement has been expanded to include global distribution.

SAFILO AND FOSSIL EXTEND DEAL: Safilo Group said Thursday that it renewed its optical licensing agreement with Fossil Inc., and that it would add sunglasses to its partnership with the Richardson, Tex.-based accessories firm.

Previously, Fossil had manufactured its sunglass collection in house.

The Padua, Italy-based Safilo said that the new agreement, which runs until December 31, 2018, has been expanded to include global distribution. The prior deal for optical frames only covered the U.S. and Canada.