-
May 24, 2019 -- Safilo Group announces that it has reached an agreement to sell the U.S. retail chain Solstice to Fairway, LLC, a U.S.-based limited liability company. Fairway was formed by a group of investors active in the U.S. and in the European eyewear retail business. The transaction is expected to be completed within the third quarter of 2019.
-
May 15, 2019 -- Though optical products have thus far not been affected by the escalating tariffs being enacted by the Trump administration, that could change very soon. The Vision Council has alerted optical manufacturers that lenses, frames, sunglasses, and other optical products made in China may soon fall under additional tariff regulations.
-
May 13, 29019 -- EssilorLuxottica and Delfin have signed a settlement agreement to solve the governance issues that have plagued the merger thus far. The agreement seems to pave the way to accelerate the integration process.
-
May 7, 2019 -- EssilorLuxottica announced that consolidated revenue for the first quarter of 2019 totaled Euro 4,210 million, representing a year-on-year increase of 7.5% compared to Q1 2018. The company states it remains steadfast in its financial objections for 2019, projecting a sales growth of 3.5%-5% as it activates its synergies of two optical giants.
