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Moncler and EssilorLuxottica Announce Licensing Agreement

Ray-Ban sunglasses and case.
The maker of Oakley and Ray-Ban sunglasses has signed a licensing agreement with luxury label Moncler. (Shutterstock)
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The agreement, which goes into effect January 2024, will allow EssilorLuxottica to design, produce and globally distribute Moncler eyewear.

The news comes at a time when the luxury market is experiencing a slowdown after a pandemic boom. Last month, Moncler reported that its topline growth had weakened from 24 percent in the first half of the year to 7 percent in the third quarter. Growth in the luxury market is expected to further slow down in 2024, according to consultancy Bain.

The first Moncler products to be produced by EssilorLuxottica will be released in fall 2024.

The licensing agreement will be in effect until December 2028 with an option to renew the partnership for an additional five years.

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About the author
Yola Mzizi
Yola Mzizi

Yola Mzizi is the Editorial Associate at The Business of Fashion (BoF). She is based in New York and provides operational support to the New York team and writes features for BoF and The Business of Beauty.

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