Brunello Cucinelli signed an exclusive license deal with French-Italian glasses maker EssilorLuxottica for the design, manufacture and distribution of eyewear under the Italian luxury group's brand, the two companies said in a statement on Monday.

The new ten-year agreement will be effective from next January, while the first collection of glasses will be launched in the first quarter of 2024.

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The deal is an extension of the current collaboration between the two firms that began in 2021, including a capsule collection signed by Brunello Cucinelli and EssilorLuxottica's exclusive brand Oliver Peoples, they added.