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Safilo Group S.p.A.
Type Public (BITSFL)
Industry Fashion, manufacturing, retail
Founded Pieve di Cadore, Italy, in 1934
Headquarters Padua, Italy
Area served Worldwide
Key people Guglielmo Tabacchi (Founder), Roberto Vedovotto (Chief Executive Officer)[1]
Products Sport and fashion sunglasses, spectacle frames, ski helmets and goggles, bike helmets
Services Opticians, sunglass retail
Revenue €1.08 billion (2010)[2]
Operating income Increase €31.4 million (31 March 2011)[3]
Profit Increase €18.4 million (31 March 2011)[3]
Employees 8,108 (2011) [4]
Website www.safilo.com

Safilo Group S.p.A. is an Italian company, worldwide leader in the premium eyewear sector. It designs, produces and distributes prescription frames, sunglasses, sports eyewear, ski goggles, ski and cycling helmets under its own five house brands and more than twenty l brands.[5] Their products are primarily manufactured in three Italian facilities with an additional plant in Slovenia, one in USA and one in China,[6] and are marketed in 130 countries worldwide.[7]

Contents

History [edit]

Safilo Group S.p.A. was founded in 1934 after Guglielmo Tabacchi purchased Italy’s first industrial complex for producing lenses and frames in Pieve di Cadore.[8] Exports in the 1930s expanded to many European countries, North Africa, the Middle East and South America. , Safilo was forced to produce only one type of eyewear, a celluloid frame in two colours, amber and reddish Havana brown, that were all sent to Germany. After the war, exports to other European nations resumed and operations expanded to Rome and Milan with exports beginning in the United States. In 1974, the founder of Safilo died and his sons took over running the business. In the 1970s, Safilo opened sales offices in various European nations, patented the Elasta hinge, and introduced a popular UFO model of sunglasses.[8]

In the 1980s, Safilo developed designer collections, gained full control of American eyewear company Starline Optical Corp, then sunglass-maker Friuli-based Oxsol and was listed on the Milan Stock Exchange.

In the 1990s, Safilo entered the Asian market in Hong Kong, opened branches in more European nations, South Africa, Japan and Brazil, acquired American sports eyewear maker Smith Sports Optics, Inc, and Austria's Carrera Optyl.

In May 2001, Safilo Chairman Vittorio Tabacchi began a takeover bid in which he acquired full ownership of Safilo. The company returned to the Milan Stock Exchange in December 2005.

In 2001 the company inaugurated its new centralized warehouse at its Padua headquarters, a state-of-the-art structure with highly automated facilities. At this point, the distribution platform consisted of three main centres, located in Padua; Parsippany, New Jersey; and Hong Kong.

In 2002 Safilo acquired the Solstice chain in US.

Licensed Brands [edit]

The company also creates eyewear under license for designer labels such as:[9]

Only for the American market:

Sales [edit]

In full year 2010, the Safilo Group’s revenues were up 6.8% over 2009, with net sales at Euro 1,079.9 million. Sales have been determined by prescription frames (38%), sunglasses (54.3%) and sport and other products (7.7%). Safilo’s products are primarily sold to wholesale clients through approximately 80,000 points of sale in about 130 countries in the world.[10]

References [edit]

  1. ^ http://investors-en.safilo.com/phoenix.zhtml?c=195673&p=irol-ourorganization Safilo Group Organisation from official site
  2. ^ "Official Company Profile". Safilo. Retrieved 2009-11-13. 
  3. ^ a b http://investors-it.safilo.com/phoenix.zhtml?c=195673&p=irol-newsArticle&ID=1555099&highlight Official Press Release
  4. ^ http://investors-en.safilo.com/phoenix.zhtml?c=195673&p=irol-financialhighlights Official Press Release
  5. ^ "Safilo Brands". Safilo. Retrieved 2009-11-13. 
  6. ^ http://www.safilo.com/en/1-production-sites.php Production Sites from official site
  7. ^ "Google Finance:SFL". Safilo. Retrieved 2009-11-13. 
  8. ^ a b "History". Safilo. Retrieved 2009-11-13. 
  9. ^ http://www.safilo.com/en/2-licensed-brands.php Licensed Brands from official site
  10. ^ "Official Press Release". 

External links [edit]


Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Safilo — Please support Wikipedia.
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1394 news items

 
Moodys.com (press release) (registration)
Fri, 24 May 2013 08:32:46 -0700

"We have upgraded Safilo's ratings to reflect its success in weathering the impact of the loss of its licence agreement with Armani and in improving its liquidity profile in recent weeks," says Paolo Leschiutta, a Moody's Vice President - Senior Credit ...
 
Reuters
Fri, 24 May 2013 05:32:41 -0700

Update-Moody's identifies top NFP hospital strategies for mitigating rising pension burdens. Tue, May 21 2013. Related Topics. Financials » · Healthcare ». Fri May 24, 2013 8:03am EDT. Safilo S.p.A.. For the full text of this story please click the ...
 
WebWire (press release)
Fri, 24 May 2013 05:36:13 -0700

Charenton Le Pont, France, - – Essilor, the world's leading ophthalmic optics company, and Safilo, worldwide leader in the premium eyewear sector, announce a ten-year licensing agreement for the design, manufacture and worldwide distribution by Essilor ...
 
The Herald | HeraldOnline.com
Tue, 21 May 2013 14:52:55 -0700

PADUA, Italy, May 21, 2013 — /PRNewswire/ -- Safilo, worldwide leader in the premium eyewear sector, announces a ten-year licensing agreement with Essilor, the world's leading ophthalmic optics company, for the design, manufacture and worldwide ...
 
Reuters
Mon, 20 May 2013 23:20:03 -0700

MILAN May 21 (Reuters) - Italy's eyewear maker Safilo said on Tuesday it had agreed a 10-year licensing deal with France's Essilor, the world's biggest maker of corrective eye lenses. The deal involves the designing, making and worldwide distribution ...

MoodieReport

MoodieReport
Mon, 20 May 2013 03:13:11 -0700

Safilo Group is worldwide leader in the premium eyewear sector for sunglasses, optical frames and sports eyewear. With an international presence through 30 owned subsidiaries in primary markets – in America, Europe and Asia – and exclusive distributors ...
 
Fox Business
Mon, 06 May 2013 15:32:03 -0700

Safilo, Italy's second-largest eyewear-products maker after Luxottica SpA (LUX), reported a 12% increase in its first-quarter net profit to EUR13.4 million, and a close to 3% rise in sales reaching EUR297 million. Its net debt dropped to EUR220 million ...
 
4-traders (press release)
Thu, 02 May 2013 01:13:54 -0700

The economic and financial situation of the company is still strong. For the first quarter of 2013, sales of the company increased by 3% at EUR 297 million and net earnings rose by 12% at EUR 13.4 million. Safilo reduced its net indebtedness by 10.5 ...
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