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EssilorLuxottica says Essilor CEO to retire; halts dividend on AGM delay

EssilorLuxottica says Essilor CEO to retire; halts dividend on AGM delay

EssilorLuxottica is suspending its dividend due to the coronavirus pandemic, it said Monday, adding its annual shareholder meeting has been delayed and its Essilor chief executive officer, Laurent Vacherot, has retired.
Fashion
EssilorLuxottica sees second-quarter profit hit, scraps guidance

EssilorLuxottica sees second-quarter profit hit, scraps guidance

EssilorLuxottica scrapped its financial guidance on Friday and warned of a hit to second-quarter profit due to the coronavirus crisis, adding it was putting investments on hold as it halts production at selected sites.
Fashion
River Island closes distribution centre

River Island closes distribution centre

River Island has added its name to the growing list of fashion brands that have halted online operations to allow warehouse staff to stay at home.
Fashion
Condé Nast pushes luxury conference back three months to end July

Condé Nast pushes luxury conference back three months to end July

The next Condé Nast Luxury Conference, scheduled for April, has been pushed back three months to end July, the latest major postponement in fashion due to impact of the coronavirus pandemic.
Fashion
EssilorLuxottica says Essilor targeted by cyberattack

EssilorLuxottica says Essilor targeted by cyberattack

EssilorLuxottica said on Wednesday Essilor had been subject of a cyberattack on March 21 which disrupted access to some of its group servers and computers.
Fashion
Eyewear group Safilo to activate temporary redundancy scheme at northern Italian plant in July

Eyewear group Safilo to activate temporary redundancy scheme at northern Italian plant in July

A rescue deal to avoid the plant’s closure was approved by Italy's Ministry for Economic Development, creating the basis for assessing the plant’s re-industrialisation and to look for a new buyer and workforce.
Fashion
Safilo sees negligible impact from coronavirus outbreak for now

Safilo sees negligible impact from coronavirus outbreak for now

Italian eyewear maker Safilo said on Wednesday that 2020 had started well and, at this stage, the impact on the business of the coronavirus outbreak was negligible.
Fashion
Ahlem opens NYC flagship

Ahlem opens NYC flagship

Located in Nolita at 228 Elizabeth Street, the 500 square-foot boutique will house a variety of the brand's contemporary sun and optical eyewear styles, and will occasionally serve as a showroom, gallery, or event space.
Fashion
EssilorLuxottica reports 2019 profit growth, predicts sales lift in 2020

EssilorLuxottica reports 2019 profit growth, predicts sales lift in 2020

EssilorLuxottica expects continued profit growth this year after stronger 2019 results, saying the outbreak of coronavirus had not hit output at its Italian factories and its China production was becoming normal.
Fashion
Inspecs raises £94m in first AIM IPO of 2020

Inspecs raises £94m in first AIM IPO of 2020

The stock market sale gave the Bath-based eyewear manufacturer a market capitalisation of £138 million. CEO Robin Totterman said the IPO marked a 'landmark' moment for the business.
Fashion
Safilo introduces eco-sustainable eyewear line made with Econyl recycled nylon

Safilo introduces eco-sustainable eyewear line made with Econyl recycled nylon

Italian eyewear producer Safilo has introduced Econyl recycled nylon derived from plastic waste in its collections, via a partnership with pioneering synthetic fibres company Aquafil.
Fashion
Off-White opens pop-up at Paris Fashion Week

Off-White opens pop-up at Paris Fashion Week

Off-White has taken advantage of Paris Fashion Week to open a pop-up boutique focused on its jewellery and eyewear lines, on the French capital's Rue Saint-Honoré. 
Fashion
Singer H.E.R. has a new fashion collaboration in the pipeline -- with Diff Eyewear

Singer H.E.R. has a new fashion collaboration in the pipeline -- with Diff Eyewear

Singer H.E.R. is boosting her fashion credentials with a new eyewear collaboration.
Fashion
Bottega Veneta back in growth, Gucci, Saint Laurent still outperform at Kering

Bottega Veneta back in growth, Gucci, Saint Laurent still outperform at Kering

Luxury group Kering had a good year in 2019 and the final quarter was also strong. Its star brand Gucci outperformed, Saint Laurent continued to power ahead and Bottega Veneta’s recovery looked to be well established.
Fashion
Safilo acquires majority stake in Privé Revaux

Safilo acquires majority stake in Privé Revaux

In 2019, the celebrity-backed affordable eyewear company recorded net sales of approximately $20 million, up around 90%, compared to the previous year.
Fashion
Persol launches first collaboration in fifty years with A.P.C.

Persol launches first collaboration in fifty years with A.P.C.

Under parent company EssilorLuxottica, Persol has experienced some key moments of growth within the past year, having opened its premiere New York boutique, and third Persol store globally, in November.
Fashion