License agreement between Visibilia and Emanuel Ungano

Visibilia and Emanuel Ungaro have entered into a new license agreement for the Emanuel Ungaro brand.

The five-year agreement shall begin on January 1, 2006, and is for the production and worldwide distribution of Emanuel Ungaro vision and sunglasses.

In today's eyewear sector, Visibilia represents one of the most dynamic players with entrepreneurial intuition. The company operates on the market through many distribution channels supported by the work of direct subsidiaries.

Visibilia Chairman Dan Levi commented: 'We are pleased to welcome Ungaro as one of the partners we already represent and we are certain that a brand with such a prestigious image can only strengthen our expansion, especially in France, North America, Middle East and Far East, and also consolidate the creative strength that is an important added value for our company'.

Paolo De Spirt, Chairman of Emanuel Ungaro, believes that the agreement with Visibilia is essential for the growth of Emanuel Ungaro accessories of which the sun and vision eyewear lines are a priority.

The first world preview of the Emanuel Ungaro eyewear collection will take place in May 2006 at Mido.