Luxottica, the Italian unit of EssilorLuxottica, has agreed an early renewal of its license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Versace brand. The 10-year renewal is effective from April 1, 2020 and runs until Dec. 31, 2029. The parties have been collaborating since 2003. The Italian fashion house Versace was recently acquired by an American luxury goods group, Capri Holdings.