Wednesday, September 3, 2014

Kering Creates Separate Entity for Its Eyewear, and Resigns with Safilo

"French luxury and retail group Kering looking to strengthen its eyewear business by creating a separate entity that will fully control the eyewear value chain, from design to product development and supply chain, and from branding and marketing to sales," reports RTT News. "The owner of the Gucci and Saint Laurent brands currently manages nine of their 11 brands through license agreements with five different partners. It only receives royalty totaling about 50 million euros on these licenses." Read more.

Meanwhile Safilo and Kering said that they will continue their 20-year partnership. The two will go-steady with the Gucci license until December 2016 and product development until December 2020. Read more.

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