Luxottica and Salvatore Ferragamo Renew Global Eyewear License Agreement for an Additional...

Luxottica and Salvatore Ferragamo Renew Global Eyewear License Agreement for
an Additional Three Years

- New agreement stresses importance of Made in Italy -

MILAN and FLORENCE, Italy, Jan. 30 /PRNewswire-FirstCall/ -- Luxottica Group
S.p.A. (NYSE: LUX; MTA: LUX), a global leader in premium fashion, luxury and
sports eyewear, and Salvatore Ferragamo Italia S.p.A., parent company of the
Ferragamo Group, a world leading player in luxury goods industry, announced
today a three-year extension of the licence agreement for the design,
production and worldwide distribution of prescription frames and sunglasses
under the Salvatore Ferragamo brand. The new agreement will run through
December 2011, with an option for a further two-year extension under the same
terms.

Andrea Guerra, CEO of Luxottica Group, commented: "The relationship with
Salvatore Ferragamo started back in 1998 and it is thus one of the longest
lasting licenses in our portfolio. We look forward to continue working
together to develop new collections that leverage the quality and
craftsmanship of Made in Italy that distinguishes our products with clients
and consumers alike around the world."

"We are very pleased with the renewal of the agreement with Luxottica, the
most prestigious company in eyewear with whom we have been long-time partners.
This relationship contributes to further expand our brand in the global luxury
market," commented Michele Norsa, CEO of Salvatore Ferragamo.

The terms were substantially unchanged from those of the previous agreement.

About Luxottica Group S.p.A.

Luxottica Group is a global leader in premium fashion, luxury and sports
eyewear, with over 6,200 optical and sun retail stores in North America,
Asia-Pacific, China, South Africa and Europe and a strong and well balanced
brand portfolio. Luxottica's key house brands include Ray-Ban, the best known
sun eyewear brand in the world, Oakley, Vogue, Persol, Oliver Peoples, Arnette
and REVO, while license brands include Bvlgari, Burberry, Chanel, Dolce &
Gabbana, Donna Karan, Polo Ralph Lauren, Prada, Salvatore Ferragamo, Tiffany
and Versace. In addition to a global wholesale network covering 130 countries,
the Group manages leading retail brands such as LensCrafters and Pearle Vision
in North America, OPSM and Laubman & Pank in Australasia, LensCrafters in
Greater China and Sunglass Hut globally. The Group's products are designed and
manufactured in six Italy-based manufacturing plants and in two wholly-owned
plants in China. In 2007, Luxottica Group posted consolidated net sales of
euro 5 billion. Additional information on the Group is available at
www.luxottica.com.

About Salvatore Ferragamo Italia S.p.A.

Incorporated in 1927, Salvatore Ferragamo Italia S.p.A. (S.F.I.) is the parent
company of the Ferragamo Group, one of the world's leading players in luxury
goods. The group is active in the creation, production and distribution of
shoes, leather goods, ready-to-wear, silk products and accessories, as well as
fragrances for men and women. The product range also includes eyewear and
watches, manufactured by licensees.

Great attention to uniqueness and exclusivity, achieved by combining style,
creativity and innovation with quality and workmanship typical of Made in
Italy, are the characteristics which have always identified the products of
the Group.

With about 2,700 employees and a sophisticated network of over 550 mono-brand
stores, the Ferragamo Group runs operations in Italy and in the world through
companies which provide the brand with a broad footprint in Europe, America
and Asia.

Safe Harbor Statement

Certain statements in this press release may constitute "forward-looking
statements" as defined in the Private Securities Litigation Reform Act of
1995. Such statements involve risks, uncertainties and other factors that
could cause actual results to differ materially from those which are
anticipated. Such risks and uncertainties include, but are not limited to, the
ability to successfully integrate Oakley's operations, the ability to realize
expected synergies from the merger with Oakley, the ability to successfully
introduce and market new products, the ability to maintain an efficient
distribution network, the ability to manage the effect of the poor current
global economic conditions on our business and predict future economic
conditions and changes in consumer preferences, the ability to achieve and
manage growth, the ability to negotiate and maintain favorable license
arrangements, the availability of correction alternatives to prescription
eyeglasses, fluctuations in exchange rates, the ability to effectively
integrate other recently acquired businesses, as well as other political,
economic and technological factors and other risks and uncertainties described
in our filings with the U.S. Securities and Exchange Commission. These
forward-looking statements are made as of the date hereof, and we do not
assume any obligation to update them.

SOURCE Luxottica Group S.p.A.

Ivan Dompe, Group Corporate Communications Director, +39(02)8633-4726,
Ivan.Dompe@luxottica.com, or Alessandra Senici, Group Investor Relations
Director, +39(02)8633-4069, InvestorRelations@Luxottica.com, or Luca
Biondolillo, Group Director of International Communications, +39(02)8633-4668,
or Mobile, +39(335)7870-903, LucaBiondolillo@Luxottica.com, all of Luxottica
Group; Marco Brusamolin, Corporate PR Director WW, +39(02)7711-1444,
Marco.Brusamolin@ferragamo.com, of Salvatore Ferragamo Italia; Image Building,
for Salvatore Ferragamo Italia, Mara Baldessarri or Simona Raffaelli, both at
+39(02)8901-1300, ferragamo@imagebuilding.it