Safilo Group

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Safilo Group Spa

logo
legal form spa
ISIN IT0004604762
founding 1934
Seat Padua , ItalyItalyItaly 
management Angelo Trocchia (CEO)
Number of employees 7109
sales 1.05 billion euros
Branch Visual aids
Website www.safilogroup.com/en/
Status: 2017

Safilo Group Spa is an Italian group of companies headquartered in Padua that manufactures eyewear. With sales of US $ 1.05 billion (2017), it is number two worldwide behind the EssilonLuxottica Group. Angelo Trocchia is the Chief Executive Officer .

In addition to its own brands Carrera, Polaroid, Safilo, Oxydo and Smith Optics, Safilo produces the designer brands Banana Republic, BOSS, BOSS Orange, Bottega Veneta, Céline, Dior, Fossil, HUGO, J.Lo by Jennifer Lopez, Jimmy Choo, Juicy Couture, Kate Spade, Liz Claiborne, Marc Jacobs, Marc by Marc Jacobs, Max Mara, Max & Co., Pierre Cardin, Saks Fifth Avenue and Tommy Hilfiger; formerly also Gucci. From 2016 the new Swatch glasses "The Eyes" will also be produced. The products are sold through exclusive dealers and 39 subsidiaries. The group also produces ski and bicycle helmets in Padua. With the Safilo Gallery, Safilo has the largest Italian private collection for the history of glasses. Specimens from the past 700 years are shown.

Production takes place in three Italian plants ( Santa Maria di Sala , Longarone and Martignacco ), one in the USA ( Salt Lake City ), one in Slovenia ( Ormož ) and one in China ( Suzhou ).

history

In 1878 Calalzo di Cadore founded the first company for the production of lenses and frames in the Friulian Dolomites . In 1934 Guglielmo Tabacchi, son of Italians who emigrated to the USA, bought the production and founded the Safilo company (Società Azionaria Fabbrica Italiana Lavorazione Occhiali: Italian company for the manufacture of glasses) in Calalzo di Cadore . It exported to European countries, the Middle East, North Africa and South Africa.

During the Second World War, Safilo manufactured celluloid glasses for Germany. After the war it was exported all over Europe again. Now exports to the USA also took place. Guglielmo Tabacchi died in 1974 and his sons took over the management of the company. Safilo has been listed on the Milan Stock Exchange since 1987 . In July 2001 there was a public takeover offer from Vittorio Tabacchi ( leveraged buy-out ) and he received the majority of the shares. Thereupon he took the company from stock exchange. On November 11, 2005, it returned to the stock exchange to use debt capital to reduce its debt after the takeover. In 2009, HAL Holding , a Dutch investment company, took over 37.2% of the shares, later 42.2%. Vittorio Tabacchi then held a little over 9% of the share capital.

In 2013 the Swiss Lusa Delgado became CEO. In 2018 she will be replaced by Angelo Trocchia, a former manager of Unilever .

Shareholders

The main shareholders are: (as of April 26, 2017)

  • HAL Investments through Mulibrands Italy BV: 41.611%
  • Only 3T Srl of the Tabacchi family: 7.698%
  • BDL Capital Management Paris: 9.127%
  • M&G Investment Funds: 4.17%

Individual evidence

  1. Safilo: Annual Report 2017, accessed on January 3, 2019
  2. Safilo Private Collection
  3. Production Sites- Safilo Group. September 7, 2009, accessed March 28, 2020 .
  4. Galleria Safilo - Safilo Story. Retrieved March 28, 2020 .
  5. ^ Milestones- Safilo Group. Retrieved March 28, 2020 .
  6. ^ History - Safilo Group spa. March 6, 2014, accessed March 28, 2020 .