All Safilo articles
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News briefs
Safilo's Iberia and Greece manager responsibilities expanded to France and Benelux
Safilo Group has announced the promotion of Pedro Rubio Hidalgo to the position of senior commercial head for Iberia, Greece, France and Benelux. Rubio Hidalgo joined the group in 2014 as general manager for Spain and Portugal and the scope of his responsabilities was expanded to include Greece in 2019. ...
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ArticleSafilo Q1 revenue inch down as momentum in Europe fails to fully offset North American decline
As anticipated by the company’s management in previous announcements, Safilo Group has posted lackluster results for the first quarter of 2024 with revenue declining by 3.5 percent year-on-year to €277.2 million. At constant rates, the topline was down by 1.7 percent marking a trend reversal from Q4 2023 when it ...
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News briefs
Safilo and David Beckham sign perpetual eyewear license agreement
Safilo Group has announced that is has agreed on a perpetual eyewear license agreement for David Beckham Eyewear with Authentic Brands Group, the brand owner. The new agreement substitutes the current license that was set to expire at the end of 2030. As is customary, the license includes the design, ...
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ArticleSlight average eyewear stocks price hike in Q1 reflects extreme ups and downs
The average stock price of public eyewear companies inched up by 1.6 percent on a non-weighted basis during the first quarter of 2024, slowing down from the 8.4 percent growth calculated for Q4 2023. The Q1 2024 performance also fell short of the 8.1 percent quarter-on-quarter growth of the MSCI ...
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News briefs
Safilo and Marc Jacobs renew eyewear partnership
Safilo Group has announced the early renewal of its multi-year eyewear license agreement with Marc Jacobs. The renewed partnership includes the design, manufacturing and global distribution of prescription frames and sunglasses bur also outdoor eyewear, goggles and helmets under the American fashion brand until December 2031. Safilo has been Marc ...
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ArticleSafilo looks at 2024 with confidence and hope after complex 2023
Safilo Group has reported its final full-year results for fiscal 2023, confirming the 4.8 percent year-on-year decrease in revenue to €1,025 million announced when the group released preliminary figures at the end of January. Annual sales were down by 2.4 percent at constant exchange rates versus 2023 and by 1.3 ...
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News briefs
Safilo Group and Missoni extend eyewear partnership
Safilo Group has announced the renewal until 2029 of its license agreement for the design, production and global distribution of Missoni-branded eyewear. Safilo has been partnering with the women’s luxury fashion brand since 2020 and Angelo Trocchia, CEO of the eyewear group, stressed that the Missoni eyewear collection has been ...
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News briefs
Marcolin negotiations with strategic investors reportedly hit a €1.3 billion snag
According to an article published last Saturday by the Financial Times (FT), EssilorLuxottica, Kering, Safilo and Marchon have all expressed interest in the acquisition of Marcolin, as PAI Partners is looking to sell its majority stake in the company. While EssilorLuxottica and Kering seem to be the most likely candidates ...
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News briefs
Safilo emissions reduction targets approved by SBTi
Safilo Group has announced that its near-term science-based sustainability targets have been approved by the Science Based Targets Initiative (SBTI). The organization is a partnership between Carbon Disclosure Project (CDP), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). According to its ...
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News briefs
Safilo announces two early licence renewals
Safilo Group has announced a few days apart the early renewals of two of its global eyewear licences, with HUGO BOSS and Aeffe. The agreement with HUGO BOSS, started in 2006, is renewed until 2030 for the BOSS and HUGO eyewear collections. The partnership with Aeffe covers the Moschino and ...
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ArticleEyewear stock price up 8% in Q4, sector market capitalization up 10% year-on-year
Along with our usual quarterly update on public eyewear companies’ stock price variations, we are also publishing in the table below the year-on-year changes to provide a longer-term perspective, as well as our annual market capitalization ranking further down on this page. After a negative third quarter, the average stock ...
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News briefs
Bags and accessories’ luxury sales up 15 % in 2022
Luxury good sales in the bag and accessories segment, in which eyewear is included, went up by 15.3 percent year-on-year to $3.6 billion in 2022 according to Deloitte’s annual ranking of the hundred largest luxury companies worldwide. The category, which accounts for approximately 1 percent of total luxury goods’ sales, ...
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ArticleSmith rebound cushions Safilo’s Q3 revenue decline
The Safilo Group has reported a second consecutive quarter of topline decline as total Q3 revenue dropped by 9.8 percent year-on-year to €260.4 million, with sales declining both in North America and Europe that together account for over 80 percent of sales. Aside from strong currency headwinds, the company attributed ...
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ArticleEyewear companies' average stock price down in Q3
After two consecutive quarters of double-digit growth, the average stock price of eyewear companies went down by an average 7 percent on a non-weighted basis (see chart below) in the quarter ended Sept. 30. This also marks an unusual underperformance compared with the MSCI World Index, a global index comprising ...
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News briefs
Safilo expands portfolio and partnership with Tapestry
Safilo Group is expanding its partnership with Tapestry by adding a license agreement with the U.S. luxury fashion group’s Stuart Weitzman brand of women footwear. Safilo will design, produce and distribute globally Stuart Weitzman-branded sunglasses and prescription frames until June 2029 and starting with the Fall/Winter 2024 season. It is ...
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News briefs
Innovatek gears up to start operations at Longarone plant
The Italian eyewear company Innovatek plans to begin eyewear finishing work in November at the Longarone, Italy plant, which it is acquiring from Safilo Group. This will happen after the first 30 Safilo employees it has agreed to take on as part of the transaction agreement, start working on Nov. ...
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ArticleAmazon smart eyewear range upgrade includes Safilo partnership
Amazon has announced the upgrading of its smart eyewear collection with the launch of seven new styles, including five Echo Frames models, its proprietary brand, and two designs by Carrera, a house brand of Safilo Group. It is the first time that the Italian eyewear company partners with Amazon. All ...
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ArticleSafilo reaches deal with Thélios, Innovatek for Longarone plant and workers
Safilo Group said it has reached an agreement with Thélios, the eyewear business of the French luxury goods group LVMH, and Innovatek, an eyewear company owned by the businessman Carlo Fulchir, to guarantee the future of its Longarone facility and to relocate the 444 workers currently employed at the site ...
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ArticleA slow U.S. market and GrandVision exit weigh on Safilo results
The Safilo Group has reported lackluster results for the second quarter of 2023 as its topline declined by 8.8 percent year-on-year to €263.0 million, or by 6.6 percent at constant exchange rates. On an organic basis, a measurement including only the house brands and ongoing licenses and excluding the Kering ...
