Marcolin renews Timberland license

Marcolin has announced the renewal of the license agreement for the design, production and worldwide distribution of Timberland sunglasses and vision frames.

The agreement has been reconfirmed until December 31, 2010, with the conditions of the current agreement, due to expire at end 2007, substantially unchanged.

Estimated billings for the 2006-2010 period are between 50 and 60 million dollars.

Maurizio Marcolin, Chief Executive Style & Licensing of the Marcolin Group, commented: 'We are extremely pleased about the early renewal of the license agreement with Timberland. Our future commitment will be aimed at capitalizing on and increasing the development of the eyewear brand and to continue the profitable collaboration that has been created over the years'.

Patrick Baboin, Vice President for The Timberland Company worldwide licenses, commented: 'We are enthusiastic about continuing our collaboration with Marcolin. It has demonstrated its considerable ability to interpret and fully enhance the qualities and authenticity of our style. We look forward to many successful years together'.