All Safilo articles – Page 5
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ArticleSafilo’s Q4 sales rise driven by North America, Asia-Pacific
Safilo ’s fourth-quarter revenues rose by 3.0 percent at constant exchange rates thanks to strong gains in North America and Asia-Pacific, while European sales were hit by Covid-19-related lockdowns and a lack of tourists. On a reported basis, however, the company’s sales were down by 2.1 percent to €225.6 million. ...
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ArticleEyewear industry stocks grew by 6% in 2020
We are publishing here for the first time our ranking of the main stock-listed eyewear industry companies, based on their stock market capitalization in euros at the end of 2020. The corresponding table also shows the change in market value from the previous year, both in local currency and euros. ...
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News briefsSafilo’s acquisitions are offsetting license losses
Safilo expects Blenders Eyewear and Privé Revaux , the two American companies it bought this year, to offset the loss of the Dior and Fendi licenses. The Dior license expires at the end of 2020 and Fendi at the end of June 2021. In an interview with the ...
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News briefsSafilo launches new B2B platform in Europe
Safilo has launched a new B2B platform called You Safilo and a new customer relationship management system with the support of the American software company Salesforce . The Italian eyewear company was also assisted by the web designer WIP Italia and by the consultancy group Accenture . ...
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ArticleSafilo sees uncertain year end after Q3 sales rebound
Safilo could not provide an outlook for November and the holiday season due to growing uncertainty resulting from a resurgence of Covid-19 cases in many countries after posting a strong improvement in sales in the third quarter and seeing a continued positive development of its business in October. ...
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News briefsSafilo produces recycled sunglasses for The Ocean Cleanup
Safilo announced the release of the first sunglasses made for The Ocean Cleanup , a Dutch non-profit environmental organization that develops advanced technologies to extract plastic pollution from the oceans. The Ocean Cleanup sunglasses are made of injected plastic deriving from the Great Pacific Garbage Patch (GPGP). They ...
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News briefs
Blenders launches winter collection
Safilo ’s unit Blenders Eyewear of San Diego, California, has launched its winter collection, called Snow 2021 , with new goggles and the company’s first accessories and helmets. There are 26 goggle models, 13 each in two collections called Aura and Nebula . All have been designed ...
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News briefs
Safilo extends Pierre Cardin license to end 2026
Safilo has renewed until Dec. 31, 2026, the license to design, manufacture and distribute eyewear under the Pierre Cardin brand. The companies have been working together for three decades, with the presentation of the first Pierre Cardin branded collection dating back to 1991. In a statement, the designer ...
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Article
Silmo Paris announces its Silmo d’Or awards online
In spite of the cancellation of this year’s edition of the show, the organizers of Silmo Paris have decided to proceed with some parts of their usual program, including the annual distribution of the Silmo d’Or awards. However, instead of the usual festive event, the Silmo d’Or laureates were ...
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News briefsSafilo completes sale of Martignacco site
Safilo has completed the sale of a factory in Martignacco, situated in the Italian region of Friuli Venezia Giulia, to iVision Tech , a unit of iVision Group , an Italian concern with activities spreading from software to face masks. No financial details were released. The facility will ...
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News briefs
Smith transfers consumer & dealer services division to Portland
The American helmet and eyewear brand Smith Optics has transferred its consumer dealer services division to its headquarters in Portland, where it will join the product, marketing and sales departments. The division was previously located at Smith’s Utah-based manufacturing facility. The Portland team will include account managers ...
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ArticleSafilo secures €108.0 million government-backed financing
Safilo signed of a new term loan facility totaling €108.0 million which provides it with additional liquidity to finance its working capital and investment needs for activities located in Italy. The financing is guaranteed at 90 percent by the Italian export credit agency Sace . On April 8, ...
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ArticleMarcolin signs on Max Mara
Unsurprisingly, Marcolin has signed a licensing agreement for the design, production and worldwide distribution of Max Mara sunglasses and eyeglasses. The partnership with the Italian fashion house has a five-year duration starting from Nov. 1, and enlarges Marcolin’s product offer for the womenswear market. It follows last ...
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ArticleSafilo’s full-year sales forecasts cut by analysts
After Safilo released weaker-than-expected second-quarter results, some financial analysts cut their forecasts for the full year. In the second quarter of 2020, Safilo registered a 54.0 percent decrease in sales to €114.5 million as a consequence of coronavirus-related lockdowns and travel restrictions. Thanks to a mid-single digit growth ...
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ArticleSafilo signals moderate decline in Q3 sales despite July rebound
Safilo warned that it could suffer a moderate decline in sales in the third quarter, despite the rebound experienced in July and the contribution of its new acquisitions Privé Revaux and Blenders, that propped up sales in the first half. The company is also negotiating with creditor ...
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News briefsSafilo loses Max Mara license
Safilo and the Italian fashion house Max Mara have agreed to the early termination of the license agreement for sunglasses and optical frames under the Max Mara label. The license will end on Oct. 31, 2020 rather than an original expiry date of Dec. 31, 2023. In 2019, ...
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ArticleSafilo’s credit rating downgraded to B3 by Moody’s
Like many other companies, Safilo is seeing its credit rating cut because of the impact of the coronavirus. But, the eyewear manufacturer was already weakened prior to the health crisis by the loss of the Dior license and a further downgrade is a possibility.
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ArticleSafilo completes the acquisition of Blenders and boosts its e-commerce business
Safilo has completed the acquisition of a 70 percent stake in the Californian company Blenders Eyewears , bringing in house a high-growth business and skills to further develop its e-commerce activity.
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News briefs
Jimmy Choo, Versace return to last’s year sales levels in China
In April and May , Jimmy Choo and Versace returned to last year’s sales levels in Mainland China, as volumes gradually built up from the end of the coronavirus-related lockdown, while the Michael Kors brand was at 80 percent of last-year’s sales for the period. The three ...
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News briefs
Total joins forces with PureCycle to produce recycled polypropylene
The French oil major Total has signed an agreement with PureCycle Technologies to develop a partnership in plastic recycling. Under the deal, Total will purchase part of the output of PureCycle’s future polypropylene facility in the United States and will assess the interest of developing a new plant ...
