Safilo news and archive

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...

Business

Safilo's Q1 net sales improve 1.6 percent

Safilo’s net sales in the first quarter amounted to 287.2 million euros, up 1.6 percent at current exchange rates and slightly down, by 0.4 percent, at constant exchange rates. Organic sales, the company said in a release, grew by 3.2 percent at constant exchange rates, on the one hand benefiting from the good performance of the home brands and...

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,...

Business

Safilo to introduce first Chiara Ferragni eyewear collection

Safilo and entrepreneur Chiara Ferragni have announced a new multi-year global licensing agreement for the design, manufacture and distribution of the first Chiara Ferragni branded eyewear collection. The company said in a release that the full eyewear range – both optical and sun – will be unveiled for the SS22 season, hitting the market in...

BusinessFeatured

Safilo posts strong improvement in sales and profitability

In the second quarter of 2021, Safilo’s net sales of 259.4 million euros increased 137.1 percent at constant exchange rates and 126.6 percent at current exchange rates. The company said in a statement that the significant year-on-year rebound translated into a sequential top line acceleration of 9.4 percent at constant exchange rates and 4.3...

Business

Safilo signs eyewear licensing agreement with Carolina Herrera

Safilo and Carolina Herrera have announced a five-year global licensing agreement for the design, manufacture and distribution of Carolina Herrera branded eyewear. The company said in a statement that the licence agreement will be effective as of January 1, 2022. “Carolina Herrera is an iconic luxury fashion brand, both popular and valued...

BusinessFeatured

Safilo's Q1 sales improve 20 percent

In the first quarter of 2021, Safilo posted total net sales of 251.4 million euros, up 20 percent at constant exchange and 13.7 percent at current exchange rates. The company said that the positive sales performance reflected the strong recovery recorded by the group across the brands portfolio, from the strong growth of its own brands Smith and...

Business

Safilo and Dsquared2 sign eyewear licensing agreement

Safilo and Dsquared2, the global fashion brand founded in 1995 by Dean Dan Caten, have announced five-year global licensing agreement for the design, manufacture and distribution of Dsquared2 branded eyewear. “We are very satisfied about starting this new partnership with Dsquared2, which represents a great brand addition to our portfolio and a...

BusinessFeatured

Safilo witnesses rise in Q4 sales

In the fourth quarter of 2020, Safilo posted total net sales of 225.6 million euros, up 3 percent at constant exchange rates and down 2.1 percent at current exchange rates. Net sales performance in Q4 2020 allowed the group to continue the recovery of earnings started in the third quarter, registering a positive adjusted EBITDA of 15 million...

BusinessFeatured

Safilo witnesses business rebound, expects to break even in FY20

Safilo’s preliminary 2020 net sales equalled 780.3 million euros, down 15.2 percent at constant exchange rates and 16.9 percent at current exchange rates, due to the sharp decline suffered in the first half of the year following the severe lockdowns put in place by governments on a global scale to fight the Covid-19 pandemic. The company said,...

BusinessFeatured

Safilo posts sales rise in Q3, returns to profitability

In the third quarter, net sales at Safilo Group S.p.A. reached 219.1 million euros, growing by 3 percent at current exchange rates and 6 percent at constant exchange rates led by the significant rebound experienced by the wholesale market in North America, and the full-quarter contribution deriving from the recent acquisitions of Blenders...