We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Dec 24, 20247:03pm

Safilo renovates Hugo Boss licensing after loosing Dior

The Italian optics group dropped its results in the first half of the year, with a descent of 246.7 million euros. The company, however, grew 6.5%.

Aug 30, 2019 — 4:37pm
Mds
Save

Safilo renovates Hugo Boss licensing after loosing Dior

 

 

Safilo renovates licensing with Hugo Boss. The Italian optics group, owner of brands such as Polaroid or Carrera, reached an agreement with the German company for its sunglasses line up until 2025.

 

This agreement happens two months after the company lost the licensing of Dior. Starting 2021, Safilo will stop manufacturing and commercializing the optics line for the French company, that sold in 2018 a total of 30 million units, generating 13% of its sales.

 

On the other hand, in the last couple of weeks, Safilo closed the sale of Solstice to the American Fund Fairway for 9 million euros. The agreement with Fairway states that the Italian company will continue to commercialize the products for several years. Safilo acquired the company in 2002 and since then it has expanded its stores to 76 establishments.

 

Safilo closed the first half of its fiscal year with drops for 246.7 million euros, 49% more than in 2017, affected by the IFRS 16 leases. Sales of the group increased 6.5% in the period, up to 495.9 million euros.

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...