MILAN — Safilo Group SpA on Monday appointed a new chairman as the eyewear firm reported a net loss of 351.4 million euros, or $488.4 million, in 2009, compared with a loss of 23.2 million euros, or $32.2 million, the year before.
The Italian eyewear maker said the bottom line was hit by nonrecurring writedowns and nonmonetary items totaling 318 million euros, or $442 million.Net losses from ordinary activities totaled 33.7 million euros, or $46.8 million, compared with a net profit of 14.6 million euros, or $21.4 million, in 2008.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"