Safilo Group 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...

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...

Business

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...

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 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...

BusinessFeatured

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...

BusinessFeatured

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...