Safilo Group 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...

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...

Fashion

Safilo Group announces launch of Imprint 3D technology

Eyewear company Safilo Group has announced the launch of its Imprint 3D technology. The technology, which was created through Safilo’s proprietary brand, Smith, aims to eliminate the one size fits all approach to sports gear and address the variety of face shapes. The Imprint 3D technology has already debuted a 3D printed snow goggle. As a...

BusinessFeatured

Safilo signs ten-year eyewear license deal with Isabel Marant

Safilo has signed a new global ten-year licensing agreement with French fashion designer Isabel Marant, for the design, manufacture and distribution of Isabel Marant sunglasses and optical frames. Angelo Trocchia, chief executive of Safilo Group, said in a statement: “We are pleased to welcome to our portfolio one of the coolest French designer...

Business

Safilo buys 70 percent stake in Blenders Eyewear

Safilo Group has announced the acquisition of a 70 percent stake in the equity of the California company Blenders Eyewear LLC, based on a total value on a cash-and debt free basis equal to 90 million dollars. The company said that Chase Fisher will retain full ownership of 30 percent of the shares and, pursuant to the share purchase agreement,...

Business

Safilo and Levi Strauss & Co sign eyewear licensing agreement

Safilo Group has added one more brand to its licensing portfolio: Levi’s. The eyewear giant, which makes sunglasses and prescription glasses for brands like Dior, Banana Republic, Kate Spade and Moschino, has scored a global licensing agreement to design, manufacture and distribute glasses for Levi Strauss & Co. The contract goes until November...

BusinessFeatured

Safilo Group reports loss of 6.6 mn euros in H1

For the first half of 2017, Safilo Group’s adjusted net result equalled a loss of 6.6 million euros (7.8 million dollars) compared to a profit of 22.9 million euros (27 million dollars) in H1 2016. The company’s total net sales in the second quarter were 315.3 million euros (373 million dollars), down 9.8 percent at current exchange and 10.6...

People

Eugenio Razelli appointed as the new Chairman of Safilo board

The Board of Directors of Safilo Group has appointed Eugenio Razelli as Chairman. Eugenio Razelli succeeds Robert Polet who resigned as chairman for personal reasons and remains as director of the company. Razelli has been member of the board since 2010 and was the CEO of Magneti Marelli from 2005 to 2015, the largest Italian global car...

Business

Safilo ends collaboration with Céline

Italian eyewear group Safilo has announced that its licensing agreement with Céline, part of the LVMH group, will end on December 31, 2017. The agreement covered the design, manufacturing and worldwide distribution of Céline's collections of sunglasses and optical frames. The group didn’t offer any explanation for the end of the collaboration,...

Fashion

Rag & Bone signs deal with Safilo

New York city-based brand Rag & Bone has signed a new licensing agreement for eyewear with Safilo for the design, manufacturing and worldwide distribution of its sunglasses and optical frames. The partnership will run for five years beginning in January 2018 and ending on December 31, 2022. The new licensing agreement allows for growth...