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Dec. 23, 2024
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Apparel and accessories

Safilo to cut 700 jobs, turn consumer-facing and digital as loss of $220M LVMH business stings

December 10, 2019

Safilo has to reinvent itself after luxury brands take eyewear manufacturing in-house. Image credit: Safilo Group Safilo has to reinvent itself after luxury brands take eyewear manufacturing in-house. Image credit: Safilo Group

 

By Staff reports

Safilo Group, an Italian eyewear giant that makes sunglasses and frames for some of the biggest names in luxury, is initiating a major restructuring plan after the loss of its LVMH licensing business.

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  1. Estée Lauder Cos. establishes new fragrance innovation hub in Paris
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