Innovative Eyewear more than doubles on licensing pact with Authentic Brands

Innovative Eyewear

28/12/2022 18:22

(Updates)
    ** Shares of Innovative Eyewear Inc  LUCY.O  more than
double to over two-month high of $1.77
    ** Stock last up ~42%, on course for best day since October
2022
    ** LUCY announces a multi-year global licensing agreement
for Authentic Brands Group to develop and market company's
outdoor brand Eddie Bauer for smart eyewear
    ** Eddie Bauer smart eyewear collection is expected to
launch in 2023 - company
    ** LUCY develops and retails smart eyewear under Lucyd and
Nautica brands
    ** Authentic Brands owns Forever 21 and Aéropostale
    ** Stock down ~84% from its August IPO price of $7.50
 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))