Has anyone heard rumors about safilo losing the Polo line?
Has anyone heard rumors about safilo losing the Polo line?
No, but if it's true, I need to know yesterday. Any source?
Ok, here it is: it's true! And guess who is in competition with Safilo?
http://us.ft.com/ftsuperpage/superpa...d=yahoofinance
Last edited by drk; 12-06-2005 at 12:05 PM.
WHO GIVES A RATS A**!
Originally Posted by Optical_1
Obviously not you...........
Great! thanks for this information. Helps me out with my frame purchasing for 2006 ..
This is why I LOVE this board!!!
Thanks,
Michelle
Was the Ralph Lauren line even decent?
Sure. Overpriced, but quite decent.
What's funny is that we may see more of this "revolving brands".
Seriously, though: isn't there just one "Safilo" look and just one "Luxottica" look? It seems that they have the same ideas running through all their lines! With the brand names revolving around, who's going to know or care? Dior, Gucci, Prada, Versace, etc. etc. All become a mismash of sameness, in my poor head and probably the consumer's.
What I think happens is that a person picks a given frame first, and then if it's justified by a recognizable name, they feel they've made a trendy decision. I can't really see "Polo" loyalists or "Gucci" loyalists or "Donna Karan" loyalists. If they are, they would be confused, as Armani looks drastically different than it did five years ago.
This brand stuff is so much B.S.
Only thing that matters is not getting stuck with discontinued frames, IMO.
I know that we (charmant) have Hugo Boss until the end of next year and then it is going to Safilo. I don't know if that is any indication of weather or not it is coming or going but it would have the potential to "take over" the polo spot from a corporate standpoint.
aaron
P.S. If you have a trustworthy, responsable, ethical sales rep than you won't have anything to worry about in getting stuck with product. Usually it is a competing frame company that is trying to stir in panic over time left with a license. I still have accounts buying and selling Boss because it works for them and they know that when the time comes to sell down product, make a deal, or exchange product for our new collection that I will do whatever is good for our relationship and their business. Sorry for the mini-rant...
aaron
Also wanted to mention that Centennial will not have Lacoste as of May I think. Perfect will be the new distributors.
Charmant will have it in US:D
aaron
See my post under Designer RIP, you gonna love it!
Anyone know anything about the status on the Polo/RL license with Safilo as of today?
how many just left messages with their reps?
The Evil Empire do that? C'mon...
The Safilo rep should care a little...
Oh, and Bill, does this mean they won't have to worry about a truckload of it coming back from your place ?:bbg:
Safilo's current license expires at the end of 2006. There has been no renewal reported. Rumors in the financial community and from the Italian optical industry are that LUX and Safilo are in the running. LUX's stronger financial position and established distribution may well give them the advantage. With the lead times required a decision will have to be made (albeit not necessarily announced) fairly soon.
Impact!:cheers:
Ain't I glad and happy............having quit the frame business 25 years ago
LUX has reported they have signed a 10 year deal.
your source for this info is?
Press Release....................
Press Release
LUXOTTICA GROUP SIGNS LANDMARK TEN-YEAR, US$1.75 BILLION EYEWEAR LICENCE AGREEMENT WITH POLO RALPH LAUREN
Milan, Italy – February 27, 2006 – Luxottica Group (NYSE: LUX; MTA: LUX), the global leader inthe premium and luxury eyewear sector, announced today a ten-year licence agreement with PoloRalph Lauren Corp. (NYSE: RL) for the design, production and worldwide distribution of prescription frames and sunglasses under the Polo Ralph Lauren name.
The agreement, which will begin on January 1, 2007, is estimated to be worth for Luxottica Groupin excess of US$1.75 billion in sales over its duration. Terms include an advance payment on royalties of US$199 million that will mature over the ten-year term of the agreement.
Leonardo Del Vecchio, chairman of Luxottica Group, commented: “We are extremely pleased to start 2006 with the announcement of a landmark agreement with one of the world’s leading brands.
Polo Ralph Lauren is truly a global brand and a perfect fit for our integrated approach to wholesaleretail distribution.”
“We have high expectations for what Polo Ralph Lauren and Luxottica will accomplish together in years to come. Our partnership will especially benefit from our ability to support brands through a worldwide retail network.”
CRAP! I was hoping it was just rumor, this is a freakin bummer for me.
I know, it's ridiculous.
This annoys me. When this rumor first came out, I was told by my rep(who's now the Nine West rep)swore there was no way this was going to happen. She had just been at their sales meeting and were told that Safilo would spend what it needed to keep it. Liar Liar pants on fire:angry:
Just wanted to vent.
christina
Oddly enough, with the exception of an "insurance" program, I don't see a whjole lot of difference between the 2 companies. I don't buy much from either of them because I have no need for the huge companies.
In my mind, they both sell the products that are highly inflated in price, so that they can give the chains (or themeslves in Lux case) a better discount. If we didn't buy from them, do you think they'd have such a great discount for the chain stores ?
This latest flip-flop of labels will have no effect on the way I do business at all.
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