PADOVA, Italy— The Sàfilo Group (SFL.MI) and the Gucci Group, one of the world’s leading multi-brand luxury goods companies, have announced the extension of their license agreements for the production and worldwide distribution of branded eyeglass frames and sunglass collections for Gucci, Bottega Veneta and Alexander McQueen.

The renewals extend the Gucci brand contract to 2018, Bottega Veneta to 2010 and Alexander McQueen to 2013. The two groups first entered into partnership in 1989 with the presentation of Gucci’s first eyewear collection.

“Gucci is one of the most famous and desired brands in the world and this agreement allows both groups to focus on common values and strengths, such as the quality of product and distribution, through a strong and exclusive brand image,” said Massimiliano Tabacchi, vice chairman and CEO of Sàfilo Group.

“The target we have set ourselves for the upcoming years is to further strengthen the brand’s leadership in all worldwide markets. Furthermore, we are satisfied to be able to continue the partnership started in 2002 with two of the most prestigious Gucci Group brands; Bottega Veneta and Alexander McQueen, which, with their distinctive product and differing target consumer, both fit perfectly into our brand portfolio.”

“We are delighted to continue our long and highly successful collaboration with Sàfilo,” added Robert Polet, president and CEO of Gucci Group. “The success of Gucci Group brands’ designer eyewear is a reflection of the unique design and quality execution of our many products over the last 20 years we have partnered with Sàfilo. Their consistent respect for the spirit, heritage and exclusivity of these Gucci Group brands has made them a wonderful partner to work with. We look forward to building further on this strong foundation as we continue to expand our eyewear business in the years ahead.”

The Gucci Group is owned by Pinault-Printemps-Redoute (PPR), (Euronext: PP), a global retail and luxury goods company. ■