Luxottica, the maker of Ray-Ban sunglasses, has struck a deal to design, develop and distribute glasses based on Google's Internet-connected Glass eyewear, potentially bringing the new technology to a wider market.
Italian eyewear company Safilo said on Wednesday profitability rose in 2013 and pledged to focus on developing its proprietary and licensed brands, taking advantage of growing demand for fashionable eyewear.
Ray Ban sunglasses maker Luxottica expects to sign a new eyewear licence worth at least $100 million in sales starting next year, its chief executive said on Friday. "We will strengthen the licence portfolio in the next weeks or months.
Italian eyewear firm Marcolin and menswear designer Ermenegildo Zegna have agreed a licensing deal for Marcolin to make and distribute sunglasses and frames for Ermenegildo Zegna and its womenswear brand Agnona.
Luxottica's chief executive on Tuesday poured cold water on suggestions the Ray Ban sunglasses maker could use its cash pile to pay out a special dividend, saying the company was more interested in expansion, following record growth in 2013.