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French luxury group Kering has struck a licensing deal to develop eyewear for Valentino, deepening ties between the two companies days after Kering said it would take more time before buying full control of the Italian fashion brand.
The agreement announced Monday, which gives Kering the rights to develop and distribute glasses and sunglasses under the Valentino label, was announced as Kering CEO Luca de Meo started his first official day at the French group.
Kering said last week it would not…
