Safilo news and archive

Safilo Group teams up with Amazon on Alexa smart glasses

Eyewear manufacturing conglomerate Safilo Group has partnered with e-commerce giant Amazon on new smart glasses, implementing the platform’s Alexa technology into two frame designs. The ‘Carrera Smart Glasses’, which are only currently available on the US market, come complete with open-ear audio technology, funnelling sound directly to the...

Report

Safilo Group reports 6.6 percent drop in Q2 sales

Italian accessories group Safilo has reported a notable decline in net sales, which dropped 8.8 percent to 263 million euros in Q2, as a result of a weakened North American market and turbulent weather conditions. The group posted an increase in its gross margin from 56.1 percent to 59.1 percent, while its adjusted EBITDA margin dropped from 9.5...

ManagementFeatured

Safilo Group CFO resigns, Michele Melotti steps up

Italian eyewear manufacturer Safilo Group has announced that Gerd Graehsler, the company’s chief financial officer and manager responsible for its financial reports, has resigned. Graehsler, who owns 100,000 ordinary shares in the group, will be stepping down from the role on August 28 in order to “undertake a new professional experience”, a...

Fashion

Safilo and Tommy Hilfiger renew eyewear licensing agreement

American fashion brand Tommy Hilfiger, owned by PVH Corp., has signed an early renewal of its global eyewear licensing agreement with the Safilo Group. Under the renewed arrangement, the Italian-based Safilo will continue to be responsible for designing, manufacturing and distributing Tommy Hilfiger-branded sunglasses and optical eyewear...

Business

Safilo Group to end Jimmy Choo partnership, issues update on Longarone plant talks

Eyewear manufacturer and distributor Safilo Group has announced that it will be terminating its contract with the luxury brand Jimmy Choo. Reasons for ending the deal were not disclosed, however a statement from the company stated that the licensing agreement for the design, production and distribution of the house’s eyewear collection was to “...

Fashion

Etro and Safilo ink eyewear licensing deal

Italian fashion label Etro has signed a ten-year global licensing deal with the Safilo Group to design, manufacture, and distribute its branded eyewear collections. Etro said that Safilo would launch its first eyewear collection, featuring sunglasses and optical frames, for the spring/summer 2024 season, under the creative direction of Marco De...

Report

Safilo's Q1 net sales improve 1.6 percent

Safilo’s net sales in the first quarter amounted to 287.2 million euros, up 1.6 percent at current exchange rates and slightly down, by 0.4 percent, at constant exchange rates. Organic sales, the company said in a release, grew by 3.2 percent at constant exchange rates, on the one hand benefiting from the good performance of the home brands and...

ManagementFeatured

European market drives 2022 sales at Safilo

Preliminary results for Safilo Group S.p.A., for the financial year ended December 31, 2022 showed that net sales amounted to 1076.7 million euros, up 11.1 percent at current exchange rates and 4.2 percent at constant exchange rates. In the year, the company said, organic sales grew by 7.7 percent at constant exchange rates, recording...

Fashion Featured

Safilo expands use of sustainable materials and joins The Fashion Pact

Eyewear manufacturer and distributor Safilo have joined The Fashion Pact to commit to environmental goals to stop global warming, restore biodiversity and protect the oceans as part of its purpose-led sustainability strategy. The Fashion Pact is a global coalition of companies in the fashion and textile industry, including ready-to-wear, sport,...

Report

Safilo to introduce first Chiara Ferragni eyewear collection

Safilo and entrepreneur Chiara Ferragni have announced a new multi-year global licensing agreement for the design, manufacture and distribution of the first Chiara Ferragni branded eyewear collection. The company said in a release that the full eyewear range – both optical and sun – will be unveiled for the SS22 season, hitting the market in...

Management

Safilo posts strong improvement in sales and profitability

In the second quarter of 2021, Safilo’s net sales of 259.4 million euros increased 137.1 percent at constant exchange rates and 126.6 percent at current exchange rates. The company said in a statement that the significant year-on-year rebound translated into a sequential top line acceleration of 9.4 percent at constant exchange rates and 4.3...

Report

Safilo signs eyewear licensing agreement with Carolina Herrera

Safilo and Carolina Herrera have announced a five-year global licensing agreement for the design, manufacture and distribution of Carolina Herrera branded eyewear. The company said in a statement that the licence agreement will be effective as of January 1, 2022. “Carolina Herrera is an iconic luxury fashion brand, both popular and valued...