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| Giorgio Armani |
Luxottica and
Armani "are inching closer to signing an exclusive licensing
deal, the companies announced Wednesday," CNBC reported yesterday. "The
two companies have signed a letter of intent which is preliminary to
the signing of a 10-year licensing agreement. The licensing agreement is
expected to cover the design, manufacturing and global distribution of
sun and prescription eyewear under the Giorgio Armani, Emporio Armani
and A/X brands. The deal is anticipated to start in January 2013." Read more.
As noted yesterday, Armani and Luxottica have signed a letter of intent regarding the licensing deal. The Safilo-Armani licensing deal will not expire until December 31, 2012. Safilo hooked up with Armani only after a falling out with the previous licensee--Luxottica.
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