Italy's Safilo Group has announced their third consecutive licensing agreement with Banana Republic for the brand’s eyewear collections, beginning on February 1 of 2019 and continuing through January 31 of 2025.
LFW ended Tuesday and while the big name labels were the focus, the event also helped smaller brands gain valuable exposure and make the kind of buyer and press contacts that are the lifeblood of early-stage businesses.
Apple Inc has acquired a startup focused on making lenses for augmented reality glasses, a signal the firm has ambitions to make a wearable device that would superimpose digital information on the real world.
Safilo said on Thursday it expected a 3 percent decline in full-year 2018 sales at constant currencies after poor sales in Europe and ongoing weakness in North American department stores hit its second-quarter.
Raen is expanding directly in Europe with the formation of a new European division, Raen Optics GmbH, or Raen Europe. Christian Grund, founder of Raen’s former European eyewear distributor, Eyegents, will lead the geo.
Celebrity-backed affordable eyewear brand Privé Revaux is expanding into France through a distribution agreement with Ikspan. The brand will launch at retail with Krys Group, France's largest eyewear distributor.