Armani Group and Luxottica Group S.p.A. signed an exclusive license
agreement for the design, manufacturing and worldwide distribution of
sun and prescription eyewear under the Giorgio Armani, Emporio Armani
and A/X Armani Exchange brands. The 10-year license agreement will begin on January 1, 2013. The
first collection will be presented during 2013. Armani eyewear is
expected to generate annual sales exceeding
€200 million annually after thedistribution has been fully rolled out across key geographies and channels.
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