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Luxottica reports sales increase, renews licensing with Chanel

Luxury eyewear giant Luxottica Group reports net profits of EUR393 milion (USD527.8 million) ) for the first half of 2014, compared to the same period 2013. Luxottica’s turnover reached EUR3.9 billion (USD5.2 billion), a 0.5 percent increase on the previous year. Luxottica also renewed its licensing agreeement with Chanel until December 2018.