Innovative Eyewear surges on licensing pact with Authentic Brands

Innovative Eyewear

28/12/2022 14:21

** Shares of Innovative Eyewear Inc  LUCY.O  up ~95%
premarket; set to open near two-month high of $61
    ** LUCY announces a multi-year global licensing agreement
for Authentic Brands Group to develop and market co'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
    ** Up to Tuesday's close, LUCY down ~89% from its August IPO
price of $7.50
 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))