Optical Prism Jan/Feb 2014 Vol 31 No 7 - Page 42

Safilo Group and Kate Spade LLC Announce Eyewear Licensing Agreement S afilo Group, worldwide leader in the premium eyewear sector and Kate Spade LLC, owned by Fifth & Pacific Companies Inc., jointly announce the signing of a five-year North American eyewear licensing agreement for the design, production and distribution of Jack Spade, and the threeyear extension of the current Kate Spade New York international licensing agreement. Both agreements are in effect through December 31, 2018.  “We are extremely pleased to expand this very successful longstanding partnership that has excellent growth expectations. Jack Spade creates new opportunities to enhance the male segment of our portfolio that has tremendous potential, with a stylish yet timeless, functional brand that has a sense of fun. The prolongation of our Kate Spade licensing agreement by three years is particularly pleasing for us, confirming the incredible success we are having together,” said Luisa Delgado, CEO of Safilo Group.  “Both Jack Spade and Safilo share a deep passion for design, quality craftsmanship and attention to detail. Jack Spade’s entrance into the eyewear category with such a regarded industry partner is a natural progression of our existing kate spade new york eyewear assortment,” said ܘZY