Safilo and Kate Spade Announce License Extension, Expansion for Jack Spade Eyewear

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PADUA, Italy— Safilo Group (SFL:MI) and Kate Spade LLC, owned by Fifth & Pacific Companies Inc. (FNP:NYSE), have announced the signing of a five-year North American eyewear licensing agreement for the design, production and distribution of Jack Spade, and a three-year extension of the current Kate Spade New York international licensing agreement. Both agreements are in effect through Dec. 31, 2018.

“We are extremely pleased to expand this very successful longstanding partnership that has excellent growth expectations,” said Luisa Delgado, CEO of Safilo Group. “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.”

“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,” added Craig Leavitt, CEO of Kate Spade LLC. “We are confident that our customers will appreciate the design and quality of the both Kate Spade New York and Jack Spade eyewear collections.”

The Jack Spade men’s sunglasses collection will be available in top-tier department stores, sunglass specialty retailers, such as Solstice Sunglasses owned by Safilo Group, and Jack Spade retail stores across the U.S. and Canada beginning February 2014, followed by the roll-out of the Jack Spade men’s optical collection which will be available at select optical retailers throughout North America starting April 2014.