MILAN - Safilo Group has named Eugenio Razelli its new chairman.The manager, who has been a company board member since 2010, succeeds Robert Polet, who resigned from the post for personal reasons. Polet, who joined the Italian eyewear group in 2011, remains director of the group.Razelli held the post of chief executive officer of Magneti Marelli, the largest Italian global car components and systems manufacturer, from 2005 to 2015.In 2016, Safilo more than doubled its net profit, adjusted for nonrecurring items, to 15.4 million euros, or $17 million at average exchange rate, compared with 6.9 million euros, or $7.58 million, in 2015.Non-recurring items included an impairment loss on goodwill of 150 million euros, or $166.12 million, which reflected the writedown of the goodwill allocated to its Far East cash-generating unit, as well as 9.8 million euros, or $10.8 million, in restructuring costs related to its Polaroid brand.[caption id="attachment_10690184" align="aligncenter" width="640"] A Pair of Dior Sunglasses Manufactured by Safilo Group[/caption]Safilo produces and distributes eyewear under license for LVMH Moët Hennessy Louis Vuitton brands including Fendi, Dior and Marc Jacobs. This year it will focus on launching Givenchy. However, Céline will exit by the end of 2017. On Monday, Safilo extended its licensing agreement with Authentic Brands Group subsidiary Juicy Couture through Dec. 31, 2022.In January, the company established an Atelier division dedicated to the design and production of hyper luxury eyewear collections. The new product segment launched with licensed label Elie Saab Couture and house brand Oxydo, which is known for its sculptural silhouettes inspired by modern and contemporary art.The Atelier division will develop special frames crafted from exclusive materials worked with innovative techniques. Featuring precious details and rich decorations, the products developed by the new division will be available in limited editions. Atelier will also offer a made-to-order service.As part of Safilo’s 2020 Strategic Plan, developed by the group’s ceo Luisa Delgado, Safilo Group recently upped its stake in sun lens manufacturer Lenti, making it a wholly owned affiliate of the world’s second-largest eyewear manufacturer. Safilo acquired a further 24.4 percent stake in Lenti, based in Bergamo, Italy, on top of the 75.6 percent it already owned, reinforcing its stronghold in lens manufacturing.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion