De Rigo has signed a one-year extension of a labor contract with its 841 remaining employees that calls for shorter working hours for some of them and promotions for some others. As previously reported, the Italian company had announced its intention to lay off 108 employees, following the loss last year of the eyewear licenses with Givenchy and Zegna, but in the end, the company was satisfied with the voluntary resignation of 59 persons in June. De Rigo is expecting a turnover of around €450 million in 2016, up from last year's level of €403 million, but that will be mainly due to the consolidation of Rem Eyewear, the U.S. company that it agreed to acquire a few months ago. The goal is to reach a global level of €500 million in three years' time.

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