Safilo Renews License for Banana Republic Eyewear

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PADUA, Italy— Safilo Group [SFL.MI] and Banana Republic have announced the renewal of their licensing agreement through Jan. 31, 2019 for the design, manufacturing and distribution of optical frames and sunglass collections.

The multi-year agreement strengthens a partnership with Banana Republic, originally forged in 2007, and gives further engine to the development and distribution of one of the most representative brands of elevated design at approachable prices, according to Safilo.

Banana Republic is a division of San Francisco-based Gap Inc. [NYSE: GPS].