×
193
Fashion Jobs
VOLVO WHITE PAINTS INDUSTRIES
Hiring For Sales Officer/Area Sales Manager/ (Haryana)
Permanent · Sonipat
PATANGE INDUSTRIES PVT LTD
Requirement - Production Manager
Permanent · Pune
RESPICARE SOLUTIONS
Area Sales Manager /Business Development Manager-Mumbai / Maharashtra
Permanent · Navi Mumbai
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
ASTRAL ADHESIVES ( ASTRAL GROUP )
Astral Adhesives - Area Sales Manager - Construction Chemicals
Permanent · Ludhiana
VADILAL
Area Sales Manager
Permanent · Varanasi
ASTRAL ADHESIVES ( ASTRAL GROUP )
Astral Adhesives - Area Sales Manager (Maintenance Division)
Permanent · Jodhpur
PREETI DEVELOPERS PRIVATE LIMITED
Manager- Sales
Permanent · Bengaluru
CEASEFIRE INDUSTRIES PRIVATE LIMITED
Area Manager/ Territory Manager (Sales)_ Goa
Permanent · Pune
INDEED.MX
Trabajo Para Mayores de ed+d
Permanent · MEXICO CITY
INDEED.MX
Trabajo Para Mayores de Edad
Permanent · MEXICO CITY
INDEED.MX
Trabajos Opción Home Office
Permanent · MEXICO CITY
INDEED.MX
Secretaria de Medios Tiempos
Permanent · MEXICO CITY
INDEED.MX
Archivista de Medios Tiempos
Permanent · MEXICO CITY
INDEED.MX
Capturista de Medios Tiempos
Permanent · MEXICO CITY
ECL FINANCE LIMITED
Area Sales Manager- Small Ticket Housing Loan
Permanent · Hyderabad
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
AQUAGENICS RESEARCH & DEVELOPMENT INDIA PVT. LTD.
Area Sales Manager
Permanent · Pune
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
PUMA
Senior Manager- Trade Compliance
Permanent · Bengaluru
By
Reuters
Published
Nov 10, 2008
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Safilo renews licence deals with Gucci, others

By
Reuters
Published
Nov 10, 2008

MILAN, Nov 10 (Reuters) - Italian eyewear maker Safilo SpA renewed a key licensing deal with luxury goods company Gucci Group, a unit of France's PPR , sending its shares so high they were suspended for excessive gains.


Gucci fall-winter 2008/2009

Eyewear licence agreements with Gucci were renewed to 2018 and for the group's fashion brands Bottega Veneta and Alexander McQueen to 2010 and 2013 respectively, the companies said in a joint statement on Monday.

"The Gucci news is crucial for Safilo," Merrill Lynch said in a note. "We estimate the three brands account for over a quarter of EBITDA thus making this extension a matter of survival given current trading conditions."

The agreements are for the production and worldwide distribution of branded frames and sunglass collections. Analysts had said Safilo was under pressure to renew the Gucci licence after rival Luxottica SpA signed a sunglasses deal in April with designer Stella McCartney, also part of PPR.

The Gucci licence was due to expire in 2010, while the Bottega Veneta and Alexander McQueen licences were due to expire this year.

Safilo has licence agreements with other PPR brands -- Yves Saint Laurent, due to expire in 2010, Balenciaga, due to expire in 2012 and Boucheron. A Safilo source said the Boucheron licence, due to expire this year, would not be renewed.

Safilo also has licences with fashion houses Dior and Giorgio Armani.

Its shares were indicated up 17.2 percent at 0.8795 euros by 1147 GMT. The stock had earlier been suspended. The shares remain well below a peak of 5.13 euros set in late 2005. (Reporting by Ian Simpson; Additional reporting by Cristina Carlevaro and Marie-Louise Gumuchian; Editing by David Holmes)

© Thomson Reuters 2022 All rights reserved.