×
69 748
Fashion Jobs
HOMEGOODS
Now Hiring Sales Floor Supervisor
Permanent · Hoover
HOMEGOODS
District Loss Prevention Manager
Permanent · Milford
HOMEGOODS
Distribution Center Supervisor
Permanent · Jefferson
MARSHALLS
Loss Prevention Detective
Permanent · New York
HOMEGOODS
Distribution Center Loss Prevention Manager
Permanent · Brownsburg
HOMEGOODS
Senior Human Resources Business Partner
Permanent · Fort Worth
HOMEGOODS
Finance And Technology Manager
Permanent · Fort Worth
HOMEGOODS
Homegoods Full-Time Warehouse Supervisor
Permanent · Lancaster
TJ MAXX
Loss Prevention Detective- Nottingham, md
Permanent · Nottingham
TJX COMPANIES
Principal Retail Solutions Architect
Permanent · Marlborough
HOMEGOODS
Loss Prevention Customer Service Associate Full Time
Permanent · Portland
HOMEGOODS
Loss Prevention Customer Service Associate Full Time
Permanent · Portland
SIERRA
Retail Sales Floor Supervisor- Full Time
Permanent · Fort Collins
HOMEGOODS
Loss Prevention Manager
Permanent · Fort Worth
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Harahan
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · North Charleston
ULTA BEAUTY, INC.
Program Manager Strategic Portfolio Delivery
Permanent · Bolingbrook
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · McMinnville
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · San Diego
ULTA BEAUTY, INC.
General Manager
Permanent · Albuquerque
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Skokie
ULTA BEAUTY, INC.
General Manager
Permanent · Oklahoma City
By
Reuters API
Published
Jan 27, 2022
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Eyewear group Safilo's portfolio overhaul boosts core profit margin

By
Reuters API
Published
Jan 27, 2022

Italian eyewear group Safilo reported an improved core profit margin for the full-year as sales received a boost from its brand portfolio overhaul.




The maker of frames for Chanel, Prada and Versace reported a preliminary full-year earnings before interest, tax, depreciation and amortisation (EBITDA) margin of 8.7%, compared to breakeven a year ago.

Preliminary sales in 2021 rose by 26.3% at constant currencies to 969.6 million euros ($1.1 billion) but fell 0.7% to 232.2 million euros in the fourth quarter as new restrictions followed the spread of COVID-19 variant Omicron.

Safilo had to deal with the impact of losing most of its LVMH licences, including its most lucrative one with Dior, and its Gucci license from Kering.

To reduce its exposure to sunglasses, which were less resilient than prescription frames during the pandemic as people stayed home and travelled less, it launched an optical range for its Polaroid brand and expanded its Carrera range.


 

© Thomson Reuters 2022 All rights reserved.