MILAN — Safilo Group SpA said Tuesday that preliminary sales decreased 16.4 percent to 1.04 billion euros last year, compared with 1.25 billion euros in 2016.
The Italian eyewear company attributed the decline to the loss of the Gucci license, which has become a supply agreement, representing 155 million euros, down 12 percent, and to the implementation of the new Order-to-Cash IT system in the Padua, Italy, warehouse early in the year. This generated delays in deliveries, and “while operationally recovered from mid-year,” it impacted orders, and dented revenues and profits up to and including the fourth quarter, causing “exceptional external costs of approximately four million euros,” the company said.
Ganni turned over a new leaf for spring 2019, reports @fionawsma from Copenhagen Fashion Week. Instead of sending its signature floral-print dresses down the runway, the brand collaborated with 66 North, a technical outerwear brand, and produced a chic-yet-utilitarian offering that included a tie-dye vest and short set, and leopard-print pieces sprinkled among the khaki parkas and bucket hats. #wwdfashion #ganni #copenhagenfashionweek
“I love ‘Kudos’ by Rachel Cusk that just came out,” said @katieholmes212 of what’s on her summer reading list. Head to WWD.com to read which books @lilireinhart, @dakotafanning and more are picking up this summer. #wwdeye (📷: @kukukuba)
“I’ve been an actress since I was like 10 or 12, and then I went to drama school. I have a technique, and I have a process that I bring to every role. And I can talk about it, but that kind of makes it less magic, and also when I talk about it, it makes me feel like I’m full of myself,” ‘Crazy Rich Asians Star’ Constance Wu tells @leighen .(📸: @emmanmontalvan: styled by @micaelaerlanger ) #wwdeye #crazyrichasians #constancewu