Safilo Group news and archive

Safilo acquires 25 percent stake in Inspecs for 21.7 million pounds

Safilo has announced its acquisition of shares in Inspecs Group. Between December 15 and 18, the company purchased a total of 25 percent of Inspecs' share capital for approximately 21.7 million pounds. In a statement, the management explained that this shareholding “reflects Safilo’s confidence in the long-term prospects of Inspecs, offering the...

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Business

Safilo becomes eyewear licensing partner of Victoria Beckham

Italian eyewear group Safilo and Victoria Beckham, creative director and founder of the eponymous fashion label, have signed a new licensing deal. The ten-year agreement covers the development, production and distribution of Victoria Beckham eyewear collections, and runs until the end of December 2035. The entire product line, which includes...

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Business

Safilo Group: Net sales up, driven by Europe and Asia Pacific

Net sales totalled 285.8 million, up 2.2 percent at constant exchange rates for the eyewear group Safilo, in the first quarter. On May 7, the board of directors of Safilo Group spa reviewed and approved the main performance indicators for the first quarter of 2025. The company's gross industrial margin stood at 60.5 percent, up 50 basis points...

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Blenders Eyewear names Jack Gray as its new CEO

Blenders Eyewear, part of the Safilo Group, has appointed Jack Gray as its new chief executive officer, succeeding the brand founder Chase Fisher, who will transition into a new role as the company’s brand evangelist. In a statement, Blenders Eyewear said that Gray’s two decades of experience building and scaling global brands would drive the...

Fashion

Polaroid Eyewear partners with the ATP tennis tour

Polaroid Eyewear, part of the Safilo Group, has become the official eyewear partner for the ATP Tour, the tennis tour for men to expand its global footprint. As part of the partnership, Polaroid Eyewear will host brand activations at a selection of ATP Tour events, including the Mutua Madrid Open, the Internazionali BNL d’Italia and the Swedish...

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Business

Safilo's Q3 net sales decline by 3.4 percent

Safilo’s net sales at 225.4 million euros were down 3.4 percent at constant exchange rates in the third quarter. Gross margin at 59.1 percent increased 140 bps, and adjusted EBITDA margin at 7.9 percent, improved 20 bps. In the first nine months of 2024, net sales at 757.4 million euros declined 2.7 percent at constant exchange rates. Gross...

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Business

Safilo and Marc Jacobs renew eyewear licensing agreement

Safilo Group and Marc Jacobs have announced the early renewal of their multi-year global licensing agreement for Marc Jacobs branded eyewear until December 2031. "During these 20 years Marc Jacobs has grown to become one of the most emblematic brands of Safilo's contemporary and premium offering, with a strong global appeal for both men and...

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Safilo and Hugo Boss renew eyewear licensing agreement until 2030

Safilo Group and Hugo Boss have announced the early renewal of their global licensing agreement for the Boss and Hugo eyewear collections, until December 2030. "We are delighted to renew our partnership with Hugo Boss, a highly valued partner for Safilo, and representing an exceptional asset in our portfolio. I am glad that in just a few years...

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Management

Safilo posts drop in sales and profit, extends CEO contract

In the third quarter, Safilo Group net sales amounted to 235 million euros, a decline of 9.8 percent at current exchange rates, which was significantly affected by the strengthening of the euro against the dollar and a number of other currencies. Safilo closed the nine month period with net sales of 785.1 million euros, down 5.6 percent at...

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Stuart Weitzman signs eyewear agreement with Safilo

Safilo Group and luxury footwear brand Stuart Weitzman have entered into an exclusive global licensing agreement, that runs through June 2029, for the design, manufacturing and distribution of Stuart Weitzman branded sunglasses and optical eyewear collections. “Building on our long history and successful collaboration with Tapestry, Inc. we are...

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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...

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Management

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...