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ArticleDecline in revenue at Safilo in Q3 cushioned by Smith's rebound
The Safilo Group has reported a second consecutive quarter of topline decline as total Q3 revenue dropped by 9.8 percent year-on-year to €260.4 million, with sales declining both in North America and Europe that together account for over 80 percent of sales. Aside from strong currency headwinds, the company attributed ...
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ArticleSafilo and Amazon launch new smart glasses with Alexa for the US market
Amazon has announced upgrading its smart eyewear collection with the launch of seven new styles, including five Echo Frames models, its proprietary brand, and two designs by Carrera, a house brand of Safilo Group. It is the first time the Italian eyewear company has partnered with Amazon. All Amazon smart ...
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News briefsSafilo, Hilfiger extend licensing agreement ahead of schedule until 2030
Italian Safilo Group announced the early renewal of its global licensing agreement with Tommy Hilfiger, owned by PVH Corp., for the design, manufacturing and distribution of Tommy Hilfiger branded sunglasses and optical eyewear collections until Dec. 31, 2030. “We are very pleased to continue our collaboration with Safilo,“ commented Martijn ...
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Short Stops Week 10, 2023
CORPORATE & M&A +++ Oerlikon has closed the acquisition of accessories and zipper provider Riri that was agreed upon in December 2022 +++ Hohenstein, which has recently announced the opening of a testing lab in Shanghai, has acquired the QAT Services Limited lab in Hong Kong +++ American tennis player ...
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PDF NewsletterSGI Europe Executive Edition: Vol 32 - 25+26
Decathlon rolls out its marketplace | SSU acquires Wiggle as it plans IPO | What will Nike report tonight? | Amer helps Anta to double sales | Digital expert will run Wolverine | John Colonna will run K2-MDV | Corporate action in Vancouver | Big business on social media | A look at cross-border online sales | Pentland sees modern slavery rising | Amnesty alleges crimes in Xinjiang
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UBC hires an e-commerce expert from Lotto, licenses Head sneakers
United Brands Company (UBC), an Italian licensee for branded sneakers, has hired Pierpaolo Guerra to manage its digital and e-commerce activities as part of its efforts to develop its omnichannel strategy. Guerra comes from Lotto Sport Italia where he was in charge of digital and omnichannel activites. Previously, he was ...
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PDF NewsletterSGI Europe Executive Edition: Vol 32 - 21+22
Signa sees a 13% CAGR online | Intersport Austria regains independence | Foot Locker jumps by 83.1% in Q1 | Russia’s Wildberries sees sports boom | Amazon steps up counterfeiting | China’s Topsports grows by 7% | Better results at retail in Japan | Yue Yuen turns around | Europe leads Asics’ turnaround | VF is accelerating | Le Coq Sportif is refinanced | New Era’s success in Europe
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News briefsUBC licenses Head sneakers
An Italian firm, United Brands Company (UBC), has signed a license agreement with Head to develop and produce lines of sneakers for men, women and children under the Head brand name. The first collection is scheduled for the spring/summer 2022 season. Under the multi-year agreement, UBC will also be in ...
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New distribution for Hurley in Europe
Hurley’s EMEA business has been taken over as a single entity by David Meire and Javier Carrera, two former Nike employees from Spain, who will manage it through a distribution agreement with the brand’s new owner, a brand management company, Bluestar Alliance. Meire was general manager or vice president at ...
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PDF NewsletterSGI Europe Newsletter: Vol 31 - 05+06
Gresvig goes bankrupt | XXL seeks new funds | A review of the Nordics and Russia | Rising Sport 2000 crosses borders | Intersport Germany grows by 3% | Signa expands in Spain, Switzerland | Virus cancels Ispo Beijing | New co-chairs for WFSGI | Ispo will work for equality | A rule change to deal with Nike | BenQ launches new membrane