eyesmart.com.au

The Wall Street Journal reports that Luxottica's Chief Executive Andrea Guerra said in a recent interview that Luxottica Group SpA is in talks with Giorgio Armani SpA to produce glasses for the designer under license, in a push to add one of the fashion world's most highly coveted labels to its stable of brands. Landing an agreement with Armani, one of Italy's biggest fashion houses, would be a coup for Luxottica. Smaller rival Safilo SpA currently holds the Armani contract, which expires at the end of this year.

Spokespeople for Armani and Safilo didn't respond to requests for comment. The comments came as Luxottica, the world's largest eyewear maker, Monday posted a modest increase in third-quarter net profit and said it is continuing to target emerging markets such as Brazil and China for growth.