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 Posted: Mon 20:10, 12 Aug 2013 Post subject: Fossil Safilo Enter Licensing Agreement for Optica |
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Fossil Safilo Enter Licensing Agreement for Optical Frames
RICHARDSON,[link widoczny dla zalogowanych], Texas--(BUSINESS WIRE)--March 17, 1999--Fossil, Inc. (Nasdaq/NMS:FOSL FOSL Finding Of Suitability (for) Leasing
FOSL Falling Off Seat Laughing ) announced today that it has entered into a multi-year licensing agreement with Safilo USA,[link widoczny dla zalogowanych], Inc. ("Safilo") for the design, manufacture and sale of FOSSIL brand optical frames in the United States and Canada and optical frames and sunglasses in Italy.
Safilo,[link widoczny dla zalogowanych], one of the world's leading eyewear manufacturing and distribution companies, anticipates commencing commercial distribution of the products to optical stores during the later part of this year.
"We are excited about the potential of the Fossil brand in the optical frame market,[link widoczny dla zalogowanych]," stated Mr. Mark Quick, Fossil's EVP EVP Executive Vice President
EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor
EVP Electronic Voice Phenomenon
EVP Europäische Volkspartei (Germany)
EVP Employee Value Proposition - Accessories. "Safilo provides us the opportunity to extend the FOSSIL brand into this market and to be represented by one of the largest companies in the eyewear business. Combining their design expertise and extensive distribution and market knowledge in the optical business with our creative team will provide an excellent platform to launch the FOSSIL brand in the optical frame market," added Mr. Quick.
"We are extremely excited about adding FOSSIL to our optical portfolio,[link widoczny dla zalogowanych]," said Claudio Gottardi,[link widoczny dla zalogowanych], Chief Operating Officer Chief Operating Officer (COO)
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Safilo USA. "Not only does the FOSSIL name have strong brand recognition which easily lends itself to an eyeweay line, the success of the company in all areas in which they do business, be it watches, leather accessories or sunglasses, makes them an ideal partner of us," Gottardi added.
Safilo Group is one of the world's leading manufacturers and marketers of ophthalmic and fashion eyeglasses eyeglasses or spectacles,[link widoczny dla zalogowanych], instrument or device for aiding and correcting defective sight. Eyeglasses usually consist of a pair of lenses mounted in a frame to hold them in position before the eyes. ,[link widoczny dla zalogowanych], sunglasses and sport glasses. Brands include Safilo, its namesake line,[link widoczny dla zalogowanych], and a number of fashion and designer lines including Carrera,[link widoczny dla zalogowanych], Gucci, Polo Ralph Lauren Polo Ralph Lauren (NYSE: RL) is American fashion designer Ralph Lauren's luxury lifestyle company. Polo Ralph Lauren specializes in high-end casual/semi-formal wear for men and women,[link widoczny dla zalogowanych], as well as accessories, fragrance,[link widoczny dla zalogowanych], and housewares. ,[link widoczny dla zalogowanych], Christian Dior and Smith. The actual results of the future events could differ materially from those stated in such forward-looking statements. Among the factors that could cause actual results to differ materially are: general economic conditions, competition,[link widoczny dla zalogowanych], government regulation and possible future litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.
When a person begins a civil lawsuit, the person enters into a process called litigation. ,[link widoczny dla zalogowanych], as well as the risks and uncertainties set forth in Fossil's Current Report on Form 8-K .
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