Safilo evaluates sale of Italian Longarone plant

Safilo evaluates sale of Italian Longarone plant


Reuters API

Italian eyewear group Safilo

Jimmy Choo

The group, which makes eyewear for brands including Hugo BossJimmy Choo

Safilo is “now evaluating a potential transfer of the Longarone plant to potential third parties with a view to
preserving the know-how of the site and minimizing the social impact,” it said in the statement
The factory, which employs almost 500 people, is regarded as no longer strategic by the company.

Setting out its targets to 2027, the company expects a balanced sales growth among brands, geographical area and distribution channels, a further expansion in the gross margin and a positive free cash flow generation. Investment will be around 15-20 million euros per year

“In the coming years, we expect more significant growth in North America and emerging markets,” said Safilo CEO Angelo Trocchia

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