License agreement between Safilo Group and Hugo Boss

Safilo Group and Hugo Boss, one of the leading international groups in the high fashion market, jointly announce a license agreement expiring on December 31st 2013 for the design, production and worldwide distribution of Boss and Hugo eyewear collections.

'With Safilo Group Hugo Boss has found a strong license partner in the eyewear sector', said Bruno Sälzer, Chief Executive Officer at Hugo Boss. 'We are very pleased about this cooperation and are looking forward to a successful future together'.

Vittorio Tabacchi, Chairman of Safilo Group commented: 'We are particularly happy to partner with one of the leading fashion brands in the fashion industry. Our positions as global leaders in our respective sectors, along with our combined experience and expertise in design, quality and distribution, will ensure that this partnership is a success'.

The new Boss and Hugo eyewear collections will be presented in October 2006 and will be distributed internationally in Hugo Boss boutiques and through exclusive department and optical stores.

Hugo Boss and Safilo Group will ensure the smooth transition of Boss and Hugo eyewearcollections from the current licensor Charmant to Safilo Group, for the benefit of all customers.