LUX, KORS: Luxottica, Michael Kors Team Up in 10-Year Eyewear Deal

by Karl Utermohlen | April 15, 2014 8:46 pm

Luxottica (LUX[1]) and Michael Kors (KORS[2]) have teamed up to help expand the latter’s eyewear business on a global level.

Luxottica[3]The two parties have signed[4] a 10-year licensing agreement to help with Michael Kors’ international expansion. Luxottica said that the first collaboration between the companies will be a Michael Kors collection that will be launched in January 2015.

Italian company Luxottica is the world’s largest eyewear company with control of over 80% of the world’s biggest eyewear brands. U.S.-based Michael Kors is best known for its women’s fashion and accessories.

LUX stock is down 1.5% Tuesday. KORS stock is up 2.5%.

  1. LUX:
  2. KORS:
  3. [Image]:
  4. have signed:

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