Safilo Group strengthens partnership with Gucci
Safilo Spa and Gucci Group N.V. (NYSE: GUC; Euronext Amsterdam: GCCI.AS) today announced the launch of new lines of sunglasses by Stella McCartney and Bottega Veneta.
Starting February 2003, Bottega Veneta eyewear will be available throughout the world at selected eyewear outlets as well as at stores under direct management. Designed by Creative Director, Tomas Maier, the collection is unisex and will be presented in a distinctive brown leather pouch.
The Stella McCartney line consists of an initial collection of 6 different models of sunglasses. Presented in a wide range of colors and shapes, it promises to have all the characteristic sex appeal for which Stella McCartney is renowned. The worldwide launch of this collection is planned for spring 2003.
Commenting on the agreement, Domenico De Sole, President and CEO of the Gucci Group N.V., said 'Stella and Tomas have developed beautiful collections which are consistent with their respective brand images. The launch of these new eyewear lines will be an excellent complement to the presence of Stella McCartney and Bottega Veneta on the market. I am happy to note that both brands are making rapid progress in developing their own business and I am certain that Safilo, our partner for Gucci and Yves Saint Laurent for some time now, will help us to transform these launches on the market into equally big success stories.'
Vittorio Tabacchi, President of the Safilo Group, stated "We are pleased to reinforce our collaboration with the Gucci Group by increasing the number of the Group's collections that are to be produced and distributed under license. Working with a highly creative fashion designer like Stella McCartney and making eyewear for an exclusive brand like Bottega Veneta will be an interesting experience. The Botega Veneta line of sunglasses and the Stella McCartney collection will be presented to the eyewear market during the first few months of 2003. Both collections can depend on the technology, distribution organization and quality guaranteed by the Safilo Group".
