In 1997 under Global License the fashion giant signed Fossil to design, create and distribute watches under the Armani and Emporio Armani label. In 2002, the Group’s retail investment program continued at a fast pace. At the end of 2002, again in line with the company’s precise strategy of selective distribution and product positioning, the decision was made to allow its eyewear license with the Luxottica Group to lapse, instead awarding Safilo S.p.A., the highly regarded Italian manufacturer, a new license for the production and distribution of Giorgio Armani and Emporio Armani Eyewear.