The article is in Italian, but it says "Essilor MAY be interested in buying Safilo"
When E says they 'MAY' be interested in something, they are usually counting their pennies to make sure they have enough.
http://www.repubblica.it/economia/ru...ilo-104994712/
ut oh anyone speak Italian.
Yes! Our Doc's daughter is translating it now.Originally Posted by EyeManDan
The gist...Essilors beancounters are looking at the numbers and "are considering" buying Safilo. References better vertical integration.
Also needs a French banks ok.
They say it's mainly to franchise Occhiali da Sole sun glasses.
Que Theme from JAWS...
Last edited by Uncle Fester; 01-16-2015 at 04:07 PM.
I tried Google Translate, but it didn't work very well. Got most of it from someone on LinkedIn.
Its a dog eats dog world out there and I'm wearing Milkbone underwear
Ouch, newguy. "It's bacon!"
What could this mean to Europe? The U.S.?
Essilor announces a licensing agreement with Safilo ............................
In May 2001, Safilo Chairman Vittorio Tabacchi began a takeover bid in which he acquired full ownership of Safilo. The company returned to the Milan Stock Exchange in December 2005. Also in 2001, the company inaugurated its new centralized warehouse at its Padua headquarters, a state-of-the-art structure with highly automated facilities. At this point, the distribution platform consisted of three main centres, located in Padua; Parsippany, New Jersey; and Hong Kong. In 2002, Safilo acquired the Solstice chain in US.
In 2008 and 2009, Hal Holding NV increased its ownership to 37.23% of the company.[8]
In December 2013, Henri Blomqvist, formerly of Procter & Gamble, was appointed its new global commercial director.[1]
In 2010, the Safilo Group’s revenues were up 6.8% over 2009, with net sales at €1,079.9 million or €1.1 billion.[8] Sales have been determined by prescription frames (38%), sunglasses (54.3%) and sport and other products (7.7%). Safilo’s products are primarily sold to wholesale clients through approximately 80,000 points of sale in about 130 countries in the world.[12]
Press releases
Essilor announces a licensing agreement with Safilo for Polaroid branded polarized ophthalmic lenses
Essilor, the world’s leading ophthalmic optics company, and Safilo, worldwide leader in the premium eyewear sector, announce a ten-year licensing agreement for the design, manufacture and worldwide distribution by Essilor of polarized ophthalmic lenses under the Polaroid brand for use with eyewear products in general.
"Pffftt" instead of "boom".
This follows with the phone call I got last week, from Safilo, telling me that Smith Optical would now be completely handled by Safilo. No more Smith as an independent company. This would be Safilo gathering all of the cattle into the barn, so that the new buyers can examen the goods. Big E buying Safilo might just cause Big L to go out and make there own move, in order to keep market share.
Who would you buy if you were Big L ..........
Lux doesn't need to do anything additionally to "keep market share." I believe Lux already owns 49% of Safylo.
I doubt that.
Yes to newguy. Ouch to drk. Cheers. Norm.
"How's it going Mr. Peterson?"
"It's a dog eat dog world, Woody and I'm wearing Milk Bone underwear."
It is too bad targets Canada did not have some Big E people on their board. Targets would have, by now, bought Walmart, Canadian Tire and Sears Canada.
i had mentioned this once before
early last year i had read in the WSJ that it was lux,that was eying esselor
Sorry for the french ...
L’initiative d’Italian Independent, qui veut créer une « alternative à Ray-Ban » (filiale de Luxottica), avec le lancement de ses nouvelles montures Eyeye (vendues entre 70 et 99 euros), coïncide avec la montée des interrogations sur l’avenir du numéro deux mondial Safilo. Selon un rapport Exane, cité par « La Repubblica », six ans après son sauvetage par le fonds d’investissement HAL, Safilo serait dans la ligne de mire du français Essilor.
« Le dossier Safilo circule auprès des banques d’affaires », confirme un observateur. Le groupe français est déjà lié à Safilo par un accord de licence dans le secteur des verres polarisants depuis mai 2013. Outre la confirmation de la fin de son accord de licence avec Gucci fin décembre 2016, Safilo a annoncé, le 12 janvier, l’arrêt des contrats de licences d’Alexander McQueen, Bottega Veneta et Saint Laurent au 30 juin 2015. Contacté, Essilor n’a pas souhaité commenter des « rumeurs de marché ».
En savoir plus sur http://www.lesechos.fr/industrie-ser...JsWhxHLhPms.99
Merged to existing thread
English translation.................................
English translation.................................
The initiative of Italian Independent, who wants to create an "alternative to Ray-Ban" (subsidiary of Luxottica), with the launch of its new Eyeye mounts (sold between 70 and 99 euros), coincides with the rise of questions on the future of the world number two Safilo. According to a report Exane, quoted by "La Repubblica", six years after his rescue by the investment fund HAL Safilo would be in the French Essilor sights.
"The Safilo record flows from investment banks," says one observer. The French group is already linked to Safilo by a license agreement in the polarized lenses sector since May 2013. In addition to the confirmation of the end of its license agreement with Gucci end of December 2016, Safilo announced on January 12, the stop licensing agreements of Alexander McQueen, Bottega Veneta and St. Lawrence in June 30, 2015. When contacted, Essilor would not comment on "market rumors."
just reading up on an old thread, Kering is Puma and charmant Is loosing puma too. just another black helicopter to fly around
Safilo has a strategy of being a wholesaler.
VP : In the long term, does Safilo ever plan to enter retailing?
“Safilo has a strategy of being a superior product creator”LD : No. Safilo has a strategy of being a wholesaler. This is a different strategy from several of our competitors. You may ask why. It’s primarily because we don’t want to be competitors of our customers. We want to be an independent wholesaler who works with every retailer in an independent, neutral, but very committed way. Safilo is not a retailer.
We do have 130 stores in the US for historical reasons. However, their main purpose is to be a marketing tool and a shopper laboratory for us in the prime locations of US. We have several stores on 5th Avenue, World Trade Centre, prime locations in Miami, San Francisco, Los Angeles, but not because we want to be a retailer, but because we inherited those stores. Once we had them, we decided that we could have them as a learning laboratory to become a better wholesaler when we sell to our customers. But that is an exception.
Safilo has a strategy of being a superior product creator; we want to be at the forefront in terms of product quality innovation, technology creativity and
as a wholesaler, partner of the retailers. But we don’t want to be competition to our retailers.
Part of source at: ==============>
http://visionplusmag.fourplusmedia.com/?p=13558
They are? When is this happening. Thanks for the update.
What about Solstice? I'm pretty sure they're owned by Safilo
Pez:D
In 2002, Safilo acquired the Solstice chain in US.
In May 2001, Safilo Chairman Vittorio Tabacchi began a takeover bid in which he acquired full ownership of Safilo. The company returned to the Milan Stock Exchange in December 2005. Also in 2001, the company inaugurated its new centralized warehouse at its Padua headquarters, a state-of-the-art structure with highly automated facilities. At this point, the distribution platform consisted of three main centres, located in Padua; Parsippany, New Jersey; and Hong Kong. In 2002, Safilo acquired the Solstice chain in US.
In 2008 and 2009, Hal Holding NV increased its ownership to 37.23% of the company.[8]
In December 2013, Henri Blomqvist, formerly of Procter & Gamble, was appointed its new global commercial director.[1]
For the fiscal year 2014, revenues at Safilo stood at 1,178.7 million euros (1,277.8 million dollars) representing a 5.1 percent rise against 2013, and revenue growth in the fourth quarter of 2014 was 11.2 percent against the fourth quarter of 2013. [11] In the first quarter of 2015, the turnover of Safilo in Europe was up 2.6 percent or over 2.8 percent at constant exchange rates.[12]
https://en.wikipedia.org/wiki/Safilo
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Reply With Quote
Bookmarks