2005-01-13 -
Luxottica to Sell Dolce & Gabbana by Year’s End

Luxottica Group has signed an agreement with Marcolin for a distribution shift of Dolce & Gabbana Eyewear and D&G Dolce & Gabbana Eyewear, to the benefit of all customers.

The main advantage of this agreement is that from October 1, 2005, Luxottica Group will start selling a significant part of products manufactured and distributed by Marcolin. In addition, an agreement to provide after-sale service was concluded.

Even though Marcolin’s title over the licence agreement will continue until December 31, 2005, Luxottica Group will take over the sale of Dolce & Gabbana Eyewear and D&G Dolce & Gabbana Eyewear lines, paying to the licensor on behalf of Marcolin, royalties on the turnover realized over the reference period. Marcolin will not pay to Dolce & Gabbana a portion of the last quarter guaranteed minimum turnover, estimated at around 1.8 million euros.

This agreement will not include all markets since Marcolin will continue to distribute Dolce & Gabbana Eyewear and D&G Dolce & Gabbana Eyewear lines in UAE, Qatar, Oman, Syria, Bahrain, Jordan, Japan, Korea, Australia and New Zealand, through its exclusive distributors, until December 31, 2005.

“For sure we will start selling Dolce & Gabbana collections by the year’s end,” says Luxottica Canada.