MILAN Aug 17 Luxottica (LUX.MI), the world's
largest eyewear maker, will open retail spaces managed by its
Sunglass Hut unit in Myer stores across Australia, the two
companies said in a statement on Monday.
Myer, which says it is Australia's largest department store
group, has 65 branches across Australia.
In 30 of these, Sunglass Hut-branded shops will be opened by
November this year, the statement said. In the remaining 35, the
retail space will not be branded Sunglass Hut and should open in
the next few months.
"The agreement will significantly increase sales and
strengthen Myer's position as a leading destination for luxury
accessories," the statement added, without giving any financial
details of the deal.
Luxottica already has 835 stores in Australia under various
brands including Sunglass Hut, which sells designer brands
including Bulgari, Chanel, Dolce & Gabbana, Prada and Versace,
as well as Ray-Ban and Oakley.
(Reporting by Jo Winterbottom; editing by Simon Jessop)