MILAN— Luxottica Group (MTA: LUX; NYSE: LUX) and Tory Burch LLC have announced the renewal of their exclusive license agreement. Under the new 10-year agreement, Luxottica will design, manufacture and distribute sun and prescription eyewear globally under the Tory Burch brand through Dec. 31, 2024.

“Tory Burch is an incredibly successful brand that we strongly believe in,” said Massimo Vian, CEO of Luxottica Group. “Together we have been able to translate its continuous brand awareness growth and its powerful identity into the eyewear space. We are excited to continue our partnership as this license fits extremely well into our brand portfolio.”

“Luxottica has been a great partner and we are thrilled to be continuing our relationship,” added Tory Burch, chairman, co-CEO and designer of Tory Burch. “We look forward to working with them to introduce new designs and further grow our business in this important category.”