Luxottica Expects $100 Million in Next Eyewear Licences in 2015

"Ray Ban sunglasses maker Luxottica expects to sign a new eyewear licence worth at least $100 million in sales starting next year, its chief executive said on Friday," notes a Reuters report posted on MSN Money. "'We will strengthen the licence portfolio in the next weeks or months...the new licence that probably will come on board will start in January 2015,' Andrea Guerra said. 'The licence is at least 100 million dollars,' Guerra said at an investor day in Milan broadcast on the group's website. He did not say with whom the licence agreement would be. Luxottica generates most of its sales from its own brands including Ray Ban and Oakley, and also makes and distributes eyewear under licence for fashion labels Chanel and Armani. Guerra told Reuters on Thursday the group expects to make at least 160 million euros from the Armani licence in 2014." Read more.