A Max Mara model produced and distributed by Safilo
MILAN - Shares of Safilo Group SpA plunged over 6 percent on Thursday morning, underperforming the Milan Stock Exchange, and remained down almost 4 percent after noon on news that the eyewear maker’s first quarter 2017 sales will be impacted by delivery complications out of its Padova, Italy, distribution center.
Sales of its Going Forward Brand portfolio, which no longer includes Gucci, are likely to drop 15 percent to 20 percent in the first quarter compared with the same period last year, Safilo chief executive officer Luisa Delgado said in a conference call on Thursday morning.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)