Safilo Group news and archive

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...

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...

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,...

People

Safilo Group names new president of North America

Eyewear group Safilo has appointed Francesco Rinaldi Ceroni as the president and chief commercial officer for the North American market. Ceroni, who joined Safilo in June 2020 as global general manager of Smith Optics, Safilo’s biggest brand in the portfolio, will take up his new role on June 1, following the retirement of Steve Wright. He will...

Fashion

Safilo Group announces launch of Imprint 3D technology

Eyewear company Safilo Group has announced the launch of its Imprint 3D technology. The technology, which was created through Safilo’s proprietary brand, Smith, aims to eliminate the one size fits all approach to sports gear and address the variety of face shapes. The Imprint 3D technology has already debuted a 3D printed snow goggle. As a...

BusinessFeatured

Safilo signs ten-year eyewear license deal with Isabel Marant

Safilo has signed a new global ten-year licensing agreement with French fashion designer Isabel Marant, for the design, manufacture and distribution of Isabel Marant sunglasses and optical frames. Angelo Trocchia, chief executive of Safilo Group, said in a statement: “We are pleased to welcome to our portfolio one of the coolest French designer...

ManagementFeatured

Safilo buys 70 percent stake in Blenders Eyewear

Safilo Group has announced the acquisition of a 70 percent stake in the equity of the California company Blenders Eyewear LLC, based on a total value on a cash-and debt free basis equal to 90 million dollars. The company said that Chase Fisher will retain full ownership of 30 percent of the shares and, pursuant to the share purchase agreement,...

Business

Safilo and Levi Strauss & Co sign eyewear licensing agreement

Safilo Group has added one more brand to its licensing portfolio: Levi’s. The eyewear giant, which makes sunglasses and prescription glasses for brands like Dior, Banana Republic, Kate Spade and Moschino, has scored a global licensing agreement to design, manufacture and distribute glasses for Levi Strauss & Co. The contract goes until November...

ManagementFeatured

Safilo Group reports loss of 6.6 mn euros in H1

For the first half of 2017, Safilo Group’s adjusted net result equalled a loss of 6.6 million euros (7.8 million dollars) compared to a profit of 22.9 million euros (27 million dollars) in H1 2016. The company’s total net sales in the second quarter were 315.3 million euros (373 million dollars), down 9.8 percent at current exchange and 10.6...