
In 2019, the eyewear group's revenue rose by 3.1%, as APAC’s increased by 23.1% and the wholesale channel grew in line with forecasts. But Q4 was weak, due to an expected slowdown in Europe after the Kering deal.
223 published items with the word (s) or phrase Safilo in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
In 2019, the eyewear group's revenue rose by 3.1%, as APAC’s increased by 23.1% and the wholesale channel grew in line with forecasts. But Q4 was weak, due to an expected slowdown in Europe after the Kering deal.
Safilo Group has announced the early renewal of its licensing agreement for Marc Jacobs branded optical frames and sunglasses. The new deal will now run until December 31, 2026.
Italian eyewear maker Safilo said on Wednesday it expected the loss of licences with luxury LVMH brands to wipe 200 million euros off its annual sales, sending its shares plunging almost 22 percent.
Eyewear maker Safilo will cut 700 jobs in Italy next year, or more than 10% of its global workforce, as it tries to boost profitability amid sluggish sales, it said on Tuesday.
The Italian eyewear group has bought a 70% stake in Blenders Eyewear LLC from Chase Fisher, who founded the company in 2012 and remains as CEO with a 30% interest. The company’s full valuation was $90 million.
Diversification, licensing and retail expansion, these are the strategic priorities for the Italian fashion label, which is about to enter China and is launching its first watches line in partnership with Timex.
A year and a half after taking charge of the ready-to-wear label owned by Italian fashion group OTB, CEO Stefano Biondo has left. He will be replaced by Barbara Calò, Marni’s global omni-channel retail director.
The company set up from scratch in 2014 by luxury group Kering, the industry’s first to internalise its eyewear business, is about to top the €500 million revenue mark, and says it isn’t interested in Safilo.
Italian eyewear maker Safilo has renewed for three years an accord with French luxury giant Kering to manufacture and supply Gucci-branded products, the companies said on Friday.
International luxury giant LVMH unsurprisingly announced on Wednesday that it will take over through Thélios the licence for Dior eyewear, once the deal with Italian group Safilo will expire in December 2020.