Luxottica and Brooks Brothers renew license contract

Retail Brand Alliance and Luxottica Group yesterday announced the extension of the license contract for the design, production and worldwide distribution of prescription frames and sunglasses with the Brooks Brothers label.

Specifically, the contract will continue for 5 years through December 2014, with an additional 5-year renewal option under the same contractual conditions.

The terms and conditions of the agreement are in line with those of the previous contract. Claudio Del Vecchio, president, chief executive and reference shareholder of Retail Brand Alliance, Inc., is also a member of the board of directors of Luxottica Group SpA.