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The global fashion business journal

Sep 29, 20207:27am

Kering renews its Gucci optical deal with Safilo for three more years

Roberto Vedovotto, managing director of Kering Eyewear, has denied the interest of the French group to take the over its optical business.

Oct 7, 2019 — 6:02pm
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Kering renovates its Gucci optical deal with Safilo for three more years

 

 

Kering continues to boost its optics business. The French luxury conglomerate, owner of brands like Balenciaga or Botega Venetta, has renewed the Gucci optical production license with the Italian company Safilo for three more years.

 

Roberto Vedovotto, CEO of Kering Eyewear, has denied the interest of the French group to seize the business of the Italian optical company. “We are not interested in having factories, we prefer to maintain our flexibility by contacting different suppliers,” said the executive.

 

Safilo closed its fiscal year 2018 with losses for 32.4 million euros, compared to the negative profit of 251.5 million of 2017. Between January and December last year, Safilo reached sales for 962.8 million euros, 7% less than in 2017. 

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