By  on May 9, 2017
Carrera

MILAN — The end of the Gucci license and complications following the implementation of a new information technology system at Safilo Group SpA's distribution hub in its home base of Padua heavily impacted the eyewear group's net sales and profitability in the first quarter.

Following the license termination and the IT complications — which led to a delivery backlog of as many as one million units of eyewear by the end of March — Safilo's net sales in the first three months of the year fell 21.3 percent to 237.3 million euros, or $251.5 million.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus