Stephen Fairchild has signed a licensing agreement with GFM Industria of Granarolo Faentino under which the Italian company will produce and distribute its branded eyewear, starting in the Spring of 2005. The collection will start with 15 models, which might in due course increase to 30. GFM Industria belongs to the Mariella Burani Fashion Group, which happens to own 50 percent of Stephen Fairchild.