PADOVA, Italy—Sàfilo Group (SFL.MI) has announced the renewal of its licensing agreement with Fossil, Inc. to design, manufacture and market prescription eyeglass frames and prescription sunglasses for the optical market.

The renewal is in effect until 2013, with the possibility of an extension for a further five–year period, and includes distribution rights in the U.S. and Canada, where the collections are currently sold. Sàfilo Group has been a licensee of the Fossil brand since 1999.