The partnership with Luxottica, one of the leaders in premium, luxury and sports eye-wear, will last for 10 years
It will allow Michael Kors to continue the global expansion of the brand’s eye-wear business. Luxottica will produce eye-wear for both the Michael Kors Collection and MICHAEL Michael Kors lines. The brand’s two luxury eye-wear collections will be carried around the world in Michael Kors stores, department stores, select travel retail locations, independent optical locations and Luxottica’s retail stores. The first collection produced with Luxottica will launch in January 2015.
“We have achieved great success in the eye-wear business and believe that our new partnership will further enhance our luxury image in the optical and sunglass marketplace,” said John D Idol – CEO – Michael Kors. “Luxottica is the industry leader in eye-wear through their commitment to design and quality which makes them the perfect partner for our luxury brand. Our eye-wear business is an important component of the overall growth strategy as we continue our expansion around the world,” he added.
“We are very excited and proud to be entering this new partnership with Michael Kors, one of the most powerful American luxury lifestyle brands in the world,” said Andrea Guerra – CEO – Luxottica Group. “Michael Kors has a major influence in fashion, with products that are exciting to luxury audiences globally. We believe that Michael Kors’ brand proposition, its solid growth and strong performance across its segments, and its innovative fashion design fit perfectly within our portfolio. We are confident that this partnership will achieve great success.”