Florence – Melville (NY), March 23, 2015 – Salvatore Ferragamo S.p.A., the parent company of the Salvatore Ferragamo Group and one of the leading players in the global luxury industry, has announced that it has agreed to a five-year extension to its worldwide licensing agreement for the design, distribution, marketing and sale of “Salvatore Ferragamo” branded sunglasses and optical frames for men and women with Marchon Eyewear, Inc., one of the leading companies in the eyewear sector.
The licensing agreement, which first went into effect on January 1, 2012, will now run until December 2021. Produced exclusively in Italy, the Salvatore Ferragamo eyewear collections are the perfect interpretation of the brand’s history, heritage and style. The collections are distributed all over the world in Salvatore Ferragamo mono-brand boutiques and in leading stores and specialist opticians.
“Our partnership with Salvatore Ferragamo is a source of great pride and satisfaction for us. The task of interpreting the brand’s history, heritage and integrity is a constant challenge, one that spurs us on to create top-quality glasses capable of combining style with refinement,” remarked Claudio Gottardi, President and CEO of Marchon Eyewear.
“The increase in volume registered in the last three years, which has averaged at just below 30% per annum, is confirmation of the incredible value of our partnership with Marchon. Their design expertise, combined with the top-quality, cutting-edge nature of their product, has had an invaluable contribution to the Ferragamo branded line. As a result, we’re confident that we’ll see additional growth in the medium term,” added Michele Norsa, CEO of the Ferragamo Group.