PADUA, Italy and SAN FRANCISCO—Safilo Group and Banana Republic have announced their third consecutive licensing agreement for the brand’s optical frames and sunglass collections. The licensing agreement between the companies is effective from Feb. 1, 2019 through January 31, 2025. The renewal of this contract, which was originally signed in 2006, further strengthens the partnership between Safilo and Banana Republic, and represents an opportunity to build on the brand’s steady business in the contemporary lifestyle segment for both men and women, the company stated.