All Safilo articles – Page 2
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ArticleTwo retail groups top our Q2 stock price chart
Stock prices of eyewear industry companies confirmed in Q2 their upward trend started in the previous quarter. On a non-weighed average basis, they increased by 12.5 percent quarter-on-quarter overperforming the 6.3 percent rice of MSCI World, a global index comprising over 1,500 companies. EWI Stock price chart Q2 2023 ...
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EssilorLuxottica, Safilo announce licensed portfolio updates
EssilorLuxottica has announced the signature of a 10-year license agreement with Jimmy Choo for the design, production and global distribution of Jimmy Choo Eyewear. The agreement will be effective from Jan. 1, 2024 with an automatic renewal option for five more years. Sandra Choi, Jimmy Choo’s creative director, will oversee ...
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Safilo officially in talks with Thélios for Longarone plant
Safilo Group has officially confirmed that it was engaged in advanced negotiations with Thélios, the LVMH group’s eyewear unit, for the transfer of its Longarone facility, a plant focusing on the production of metal frames. The group stressed that this would allow to preserve the plant’s know-how and retain a ...
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Top management reshuffle at Safilo’s North America and sports division
The Safilo Group has announced two top management appointments at its North American and sports division, two strategic areas for the group as they represent the company’s largest regional market and its fastest growing segment. Francesco Rinaldi Ceroni was promoted to the position of president of Safilo’s global sports’ division, ...
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Safilo adds Etro license to portfolio
The Safilo Group has announced a 10-year license agreement with Etro for the design, manufacture and global distribution of Etro-branded optical frames and sunglasses. The first collections will be presented for the spring-summer 2024 season. Founded in 1968 and headquartered in Milan, Italy, Etro describes itself as a lifestyle ...
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De Rigo appoints new DACH manager
De Rigo Vision has appointed Andrea Marzaro as its new general manager for the DACH region. Marzaro is a seasoned eyewear excutive with a deep knowledge of the region. The Italian executive spent the last twenty years working for the Safilo Group, the last eight as DACH country manager.
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ArticleGrowth in Europe and RoW offset declining U.S. sales for Safilo in Q1
Safilo Group has reported mixed results for the first quarter of 2023 as revenue increases in Europe and emerging markets were offset by declining sales in North America, the company’s largest market. Operating profits remained stable year-on-year. As shown in our table below, total quarterly revenue reached €287 million, down ...
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Safilo reportedly in advanced talks to sell Longarone plant
Safilo management has told unions that it is in “advanced talks” to sell its factory in Longarone, according to Italian news reports, which note that Thélios is now widely considered to be the frontrunner to purchase the plant. According to the newspaper Corriere delle Alpi, Thélios could also take on ...
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ArticleSafilo turns to luxury eyewear and fashion companies for its Longarone plant
Angelo Trocchia, CEO, indicated that the company is evaluating the “potential transfer of the Longarone plant to third parties with a view to preserving the know-how of the site and minimizing the social impact on the territory”. Trocchia, who was speaking during a capital markets day with analysts following the ...
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ArticleSafilo targets 4% annual growth pace for 2023-2027
The Safilo Group has confirmed an 11.1 percent year-on-year revenue for 2022 to €1,077 million as already announced in January when the company released its preliminary results, in spite of a strong deceleration in the last quarter of the year. We are focusing in this article on new information provided ...
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ArticleGood 2022 results for Safilo, but Longarone plant’s future uncertain
While showing positive results for 2022, with increases in both revenue and margins, the statement released by the Safilo Group yesterday (Jan. 26) raised concerns about the future of its Longarone plant and its 500 employees. In the opening remarks of its financial announcement, Safilo said that its board of ...
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Marcolin appoints new group marketing director
Marcolin has promoted Alessio Puleo to the position of group marketing director, reporting directly to Fabrizio Curci, the group’s CEO. Puleo, who joined Marcolin in 2021, will take responsibility for the company’s brand management, trade marketing, training and marketing analysis activities. The senior executive spent over 15 years of its ...
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ArticleEyewear companies climb in Deloitte luxury players’ ranking
Along with Thélios and Kering Eyewear, the eyewear subsidiaries of LVMH and Kering, three Italian-based eyewear manufacturers have been listed in the 2022 edition Deloitte’s “Global Powers of Luxury Goods”, an annual report ranking the 100 largest luxury companies in the world. Companies were ranked according to their consolidated sales ...
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ArticleSafilo maintains growth pace, except in the U.S., improves margins
The Safilo Group has reported a 14.9 percent year-on-year revenue increase to €260.4 million for the third quarter of the current fiscal year, as a 5.6 percent rise in organic sales was further boosted by favorable currency effects linked to the strong U.S. dollar. Organic sales include the group’s proprietary ...
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ArticleStrong stock price variations for eyewear companies in Q3
On a non-weighted average basis, stock prices of publicly listed companies in the eyewear sector went down by 1.3 percent in the quarter to September 30 in an apparent relative recovery from the 17 percent dive reported for the previous quarter. It compares slightly unfavorably with the global MSCI index, ...
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News briefsSafilo signs new credit line to pay back debt, support growth
Safilo Group has signed a financing agreement for €300 million with maturity in September 2027. It consists of a term loan facility of €150 million, a revolving credit facility of €75 million and a capex line of €75 million. The term loan, set for Sept. 29 of this year, will ...
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Safilo to start using Tritan Renew in polarized lenses
The Safilo Group is pursuing its partnership with Eastman with the scheduled introduction of the U.S. chemical supplier’s Tritan Renew material for its polarized lenses. The Italian eyewear manufacturer will start using the material from August 2023 in its Under Armour collections, before a progressive roll-out across its portfolio of ...
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SMITH promotes new global VP of sales from within
SMITH, the sports brand of the Safilo group, has promoted Rob Retzlaff to the position of global vice president of sales. Retzlaff has been working for SMITH in Canada for more than twenty years. He held various marketing and sales positions in the company and became general manager for Canada ...
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Blenders Eyewear signs partnership with Oracle Red Bull Racing
Blenders Eyewear, an entity of the Safilo Group, has announced a new partnership with Formula One racing team Oracle Red Bull Racing. Blenders will provide sunglasses to the team, including drivers Max Verstappen and Sergio Pérez, and, starting next year, will launch an exclusive collection of Oracle Red Bull Racing ...
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Safilo launches in-house digital academy
As part of its digital transformation plan, the Safilo Group is launching an in-house academy in partnership with Digital On Things (DOT), a consulting IT firm specialized in the Salesforce systems. Called “The Digital Force”, the program started on Sept. 5 with the kick-off of the recruitment phase in collaboration ...
