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Luxottica Group and Tory Burch LLC, an emerging fashion and life-style model in America, yesterday announced that they've signed a license settlement for the style, production and globally distribution in the sun and vision collections aided by the Tory Burch and TT labels.
Successful from January 2009, the six-year settlement is renewable for another four. The first assortment is going to be introduced summer 2009 and will come on the market inside the fall.
Considering that its foundation in 2004, the Tory Burch label has always been highly regarded mainly because of its life-style idea in a number of classes such as footwear, bags and jewellery. In 2008 Tory Burch won CFDA’s accessory stylist from the year award.
Tory Burch will be personally involved in every step with the resourceful process and will work closely with Luxottica’s designers and item staff.
“I am proud to announce this partnership with Luxottica”, Tory Burch commented. “I think there might be great market opportunities for these glasses, which we will be introducing quickly due to Luxottica’s power and experience”. “We are incredibly happy in regards to the new partnership with Tory Burch; she is 1 in the most highly viewed skills inside new generation of style stylists, specially inside a strategic market like North America”, added Antonio Miyakawa, Executive Vice President, Wholesale and Advertising, Luxottica Group. “Because of the characteristics of her brand inside the accessible luxurious section it is the ideal inclusion to our portfolio and can make it even much more complete. Thanks to this license,tory burch 2010, which is proof that Luxottica continues to make investments even in a very tough market scenario, we'll strengthen our positioning also within the division shops segment”.
Additionally to Tory Burch boutiques and selected division stores from the United States where the stylist is currently current, the collections is going to be distributed to chosen independent opticians and Luxottica’s retail chains, to begin with in North America. Distribution will then be prolonged to Europe along with the relaxation with the world.
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