Safilo news and archive

Safilo and Pierre Cardin renew eyewear licence until 2031

Safilo Group and the maison Pierre Cardin have signed an early renewal of the global licence agreement for the design, production and distribution of its optical frames and sunglasses collections. The agreement extends the current partnership until December 31, 2031, consolidating an industrial and commercial relationship that began in 1991. The...

Member

Business

Safilo withdraws bid for Inspecs

Safilo does not intend to make a binding offer for British eyewear company, Inspecs. In a statement, Inspecs said that in light of the proposed acquisition by Bidco at a price of 84 pence per share, Safilo Group has confirmed it does not intend to make a binding offer for Inspecs. Bidco is a newly formed company established for the acquisition...

Member

Business

Safilo: net sales up 2.2 percent in nine months, reaching 758.4 million

Safilo has reported a third quarter of resilient sales growth at constant exchange rates, amid a still uncertain environment impacted by currency fluctuations. Net sales stood at 220.8 million, up 2.1 percent at constant exchange rates, in the three-month period. In the first nine months, net sales reached 758.4 million, up 2.2 percent at...

Member

Business

Safilo submits non-binding offer for Eschenbach and BoDe

In reference to the “Statement regarding possible offer” published yesterday by Inspecs Group, Safilo confirmed today in a statement that it has submitted a non-binding offer to acquire the Eschenbach Group and BoDe businesses, owned by Inspecs. The offer was made as part of its exploration of new investment opportunities. At present, there is...

Member

Business

Safilo Group's H1 2025 sales and profitability improve

Net sales totalled 537.6 million euros, up 2.3 percent at constant exchange rates, in the first half for Safilo Group. Gross industrial margin was 61.1 percent, up 110 basis points from 60.0 percent. Adjusted EBITDA margin was 11.6 percent, up 80 basis points from 10.8 percent. Adjusted net profit for the group reached 33.7 million euros, up...

Member

Business

Safilo Group: Net sales up, driven by Europe and Asia Pacific

Net sales totalled 285.8 million, up 2.2 percent at constant exchange rates for the eyewear group Safilo, in the first quarter. On May 7, the board of directors of Safilo Group spa reviewed and approved the main performance indicators for the first quarter of 2025. The company's gross industrial margin stood at 60.5 percent, up 50 basis points...

Fashion

Dsquared2 and Safilo renew eyewear partnership

Eyewear group Safilo has announced the early renewal of its multi-year licensing deal with fashion brand Dsquared2, founded by brothers Dean and Dan Caten. In a statement, Safilo said the new partnership deal would see the group designing, manufacturing and distributing Dsquared2 branded eyewear collections until the end of December 2031. Angelo...

Member

Business

Safilo and Under Armour renew eyewear licensing agreement

Safilo Group and Under Armour have renewed their global licensing agreement for Under Armour branded eyewear until 2031. "We are enthusiastic about extending our successful partnership started in 2020 with Under Armour. We are thrilled to continue this journey, leveraging Under Armour's growing consumer base in North America and in the rest of...

FeaturedMember

Business

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...

FeaturedMember

Business

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...

Member

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...