Safilo renews key Gucci license with Kering for three years
today Oct 7, 2019
The current accord, which had replaced a license agreement for the Gucci brand that Safilo lost after Kering set up its in-house eyewear business, expires in December 2020.
The new one will kick in from January.
Shares in Safilo closed up almost 12% on Friday.
The stock had risen earlier this week on speculation that Kering could be looking at the Italian company as a possible takeover target.
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