By  on November 17, 2008

MILAN — A weak dollar, the difficult global economy and cautious spending in the high-end range of the eyewear market hit Safilo Group in the first nine months of the year. The Italian eyewear manufacturer said net profits declined 62.6 percent to 14.5 million euros, or $22 million, from 38.7 million euros, or $51.8 million, in the first nine months of 2007.

Sales in the first nine months dropped 4.2 percent to 865.7 million euros, or $1.31 billion. Dollar figures were converted at average exchange rates for the periods to which they refer.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus