Safilo news and archive

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...

BusinessFeatured

Safilo's H1 sales decline but profit improves

First half net sales at Safilo Group of 532 million euros, declined 2.4 percent at constant exchange and 3.3 percent at current exchange rates reflecting a sales reduction resulting from the exit of Jimmy Choo, which offset a slight growth by the rest of the portfolio. The company further said that adjusted operating result amounted to 37.6...

Fashion

David Beckham opens eyewear pop-up in Selfridges

Former footballer David Beckham and eyewear specialist Safilo SPA have opened a pop-up in Selfridges as part of the department store’s ‘Sportopia,’ summer of sports. The Eyewear by David Beckham pop-up is open until September 13. It showcases the brand’s summer collection and five key autumn/winter 2024 sun styles chosen for perfectly...

Business

Safilo sales hit by North America, lower Jimmy Choo sales

In the first quarter, Safilo's net sales amounted to 277.2 million euros, down 1.8 percent at constant exchange rates and 3.5 percent at current exchange rates influenced by the reduction in sales of Jimmy Choo. The company said in a statement that the other main drivers of the period were the weak performance of North America and the temporary...

Business

Safilo signs perpetual license agreement with David Beckham brand

Safilo Group, the Italian eyewear giant, has entered a perpetual license agreement with Authentic Brands Group for David Beckham Eyewear, replacing the previous contract set to expire in 2030. Under this new deal, Safilo will retain control over the entire value chain, from design to global distribution, with David Beckham leading the creative...

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...

BusinessFeatured

Safilo 2023 profit plunges 76 percent

Safilo Group closed the year 2023 with net sales of 1,024.7 million euros, down 2.3 percent at constant exchange and 4.8 percent at current exchange rates. Its full-year adjusted net profit declined by 76 percent to 14 million euros, while its adjusted core profit stood at 92 million euros, down 9.1 percent year on year. In the year, the company...

Business

Safilo and Levi’s renew eyewear licence until 2029

Safilo Group and the Levi’s brand have announced the renewal of their global eyewear licensing agreement until the end of 2029. “We are very proud to renew our partnership with Levi’s which, thanks to its unmatched brand awareness, allows our group to offer amazing contemporary eyewear to consumers all around the world,” said Angelo Trocchia,...

People

Safilo halts Chiara Ferragni contract amid allegations of misleading statements

Eyewear manufacturer and distributor Safilo Group has said that it has interrupted its licensing agreement with Chiara Ferragni amid allegations against the Italian influencer of misleading claims. The firm said that it was putting to a halt its deal for the design, production and distribution of the public figure’s branded eyewear collection...

BusinessFeatured

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...

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...

Business

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...