Safilo Group news and archive

Safilo and Levi Strauss & Co sign eyewear licensing agreement

Safilo Group has added one more brand to its licensing portfolio: Levi’s. The eyewear giant, which makes sunglasses and prescription glasses for brands like Dior, Banana Republic, Kate Spade and Moschino, has scored a global licensing agreement to design, manufacture and distribute glasses for Levi Strauss & Co. The contract goes until November...

ManagementFeatured

Safilo Group reports loss of 6.6 mn euros in H1

For the first half of 2017, Safilo Group’s adjusted net result equalled a loss of 6.6 million euros (7.8 million dollars) compared to a profit of 22.9 million euros (27 million dollars) in H1 2016. The company’s total net sales in the second quarter were 315.3 million euros (373 million dollars), down 9.8 percent at current exchange and 10.6...

Report

Eugenio Razelli appointed as the new Chairman of Safilo board

The Board of Directors of Safilo Group has appointed Eugenio Razelli as Chairman. Eugenio Razelli succeeds Robert Polet who resigned as chairman for personal reasons and remains as director of the company. Razelli has been member of the board since 2010 and was the CEO of Magneti Marelli from 2005 to 2015, the largest Italian global car...

Business

Safilo ends collaboration with Céline

Italian eyewear group Safilo has announced that its licensing agreement with Céline, part of the LVMH group, will end on December 31, 2017. The agreement covered the design, manufacturing and worldwide distribution of Céline's collections of sunglasses and optical frames. The group didn’t offer any explanation for the end of the collaboration,...

Fashion

Safilo and Jimmy Choo renew eyewear license

Safilo Group and Jimmy Choo have agreed on an early renewal of the license for the design, production and distribution of the eyewear collection under the British luxury brand’s name. The new agreement will see the Italian eyewear creator and distribution looking after Jimmy Choo’s eyewear collection until December 31, 2023. In addition, the new...

Business|REPORT

Safilo reports 9 percent rise in Q3 net sales

Safilo Group net sales for the first nine months grew by 10.6 percent at current exchange rates to 959.7 million euros (1,044.3 million dollars) and by 1 percent at constant exchange rates. Net sales in the third quarter increased by 9 percent at current exchange rates to 284.8 million euros (309.9 million dollars) and by 0.9 percent at constant...

Fashion

Elie Saab to launch eyewear collection

Luxury designer Elie Saab has signed a nine-year licensing deal with Italian eyewear giant Safilo Group to launch its first eyewear collection. The first collection will be available worldwide from January 2017 and will be manufactured in Italy and Japan and will be carried in all Elie Saab standalone boutiques and speciality optical retailers....

Business|REPORT

Safilo reports 6.9 percent rise in H1 gross profit

Safilo Group net sales for the first six months of 2015 grew by 11.3 percent on a reported basis and by 1 percent at constant currencies, with the business recording an improvement in the second quarter, up 12 percent or 1.2 percent at constant currencies. The main growth contributors were Western European countries, North America, MEA and Latin...

Business

Safilo Q3 sales increase 7.4 percent

REPORT_ In the third quarter, Safilo Group confirmed the increase in sales at constant exchange rates of 7.4 percent already recorded in the second quarter, taking the first nine-month’s top line growth to 5.5 percent. The gross profit margin for the first nine months stood at 62.3 percent, after a further progression registered by the same...

Apparel

Jack Spade to launch eyewear

Kate Spade’s menswear line Jack Spade is to make its first foray into eyewear after entering into a licensing agreement with eyewear company Safilo Group. The five-year deal will see Safilo designing, producing and distributing a line of Jack Spade sunglasses and optical glasses throughout North America until December 31, 2018. "We are extremely...

Apparel

Celine signs licensing agreement with Safilo

Premium eyewear brand, Safilo Group, and the luxury label Celine, have announced the signing of a multi-year licensing agreement for the production and worldwide distribution of Celine eyewear. The collections, designed for a ‘sophisticated modern woman’, will be available from January 2012 in Celine boutiques and selected retail outlets...

Apparel

Gucci 3D glasses

Following the 3D hype started by block busters such as Avatar, Italian fashion house Gucci is coming with 3D glasses. Gucci has been working on a trendier version of the carton cinema glasses since last year. The 3D design will have an aviator feel to it and will come in a shiny retro black. The new glasses will be part of Gucci Eyeweb...