Safilo news and archive

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...

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...

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...