Luottica and Burberry Renew Licensing Agreement

"Luxottica Group (MTA: LUX; NYSE: LUX), a leader in the design, manufacture and distribution of fashion, luxury and sports eyewear, and Burberry Group (LSE: BRBY), the global British luxury brand, today announced the renewal of an exclusive license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Burberry name. The 10-year agreement will extend to December 31, 2025." That announcement appeared in the Wall Street Transcript. Read more.