Luxury Daily
The authority in luxury news.
Nov. 15, 2024
  1. Vestiaire Collective partners with influencers to combat fast fashion
  2. Capri Holdings, Tapestry abandon plan to merge
  3. Neiman Marcus honors Leonard A. Lauder in New York City
  4. Burberry overhauls strategy amid rocky interim results
  5. Off the Cuff: A Q&A with Natura Bissé's Patricia Fisas
  6. Luxury Unfiltered: Crisis or opportunity? Why luxury brands must focus on strategy, not fear
  7. Ferrari teams with Paramount Pictures ahead of ‘Gladiator II’ premiere
  8. In Geneva, Christie’s records new high with Aga Khan emerald
  9. IWC Schaffhausen wins top prize at Grand Prix D’Horlogerie de Genève 2024
  10. Luxury Unfiltered: The self-inflicted luxury crisis
Comment
  • Email
  • Print
  • Reprints
  • ARTICLE TOOLS SPONSOR

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.

To read the entire article, please subscribe or
 
LATEST HEADLINES
MOST POPULAR
  1. Vestiaire Collective partners with influencers to combat fast fashion
  2. Capri Holdings, Tapestry abandon plan to merge
  3. Neiman Marcus honors Leonard A. Lauder in New York City
  4. Burberry overhauls strategy amid rocky interim results
  5. Off the Cuff: A Q&A with Natura Bissé's Patricia Fisas
  6. Luxury Unfiltered: Crisis or opportunity? Why luxury brands must focus on strategy, not fear
  7. Ferrari teams with Paramount Pictures ahead of ‘Gladiator II’ premiere
  8. In Geneva, Christie’s records new high with Aga Khan emerald
  9. IWC Schaffhausen wins top prize at Grand Prix D’Horlogerie de Genève 2024
  10. Luxury Unfiltered: The self-inflicted luxury crisis
VIDEOS
More Videos

MORE IN Apparel and accessories
Vestiaire Collective partners with influencers to combat fast fashion
Burberry overhauls strategy amid rocky interim results
Neiman Marcus honors Leonard A. Lauder in New York City
Loro Piana, Harrods celebrate holidays
Manolo Blahnik opens first Shanghai store
Nearly 40pc of fashion execs foresee industry conditions worsening in 2025: McKinsey



RECENT ARTICLES
Vestiaire Collective partners with influencers to combat fast fashion
Follow @LuxuryDaily for the latest in luxury news
Off the Cuff: A Q&A with Natura Bissé’s Patricia Fisas

Neiman Marcus honors Leonard A. Lauder in New York City
IWC Schaffhausen wins top prize at Grand Prix D’Horlogerie de Genève 2024
Capri Holdings, Tapestry abandon plan to merge