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SFL Safilo Group SpA

0.909
0.002 (0.22%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Safilo Group SpA BIT:SFL Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.002 0.22% 0.909 0.883 0.929 0.915 0.895 0.915 613,359 16:40:00

Safilo Board Proposes Former Gucci Boss Robert Polet As Chairman

02/08/2011 6:38pm

Dow Jones News


Safilo (BIT:SFL)
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Safilo Group SpA (SFL.MI) said Tuesday its board will propose that Robert Polet, former chief executive of Gucci Group NV (GUCG), is appointed chairman.

Safilo, the world's No. 2 eye-wear maker by sales after Luxottica Group SpA (LUX), is seeking to recover from a restructuring that the company undertook last year to reduce its excessive debt. On Tuesday, Safilo reported that it had swung back into the black in the first half of the year, with EUR31.3 million in net profit on EUR603 million in sales.

The company has its own brands such as Carrera and also produces licensed branded collections for Giorgio Armani SpA, Gucci, Valentino and other fashion labels.

Safilo's shareholders will meet Thursday to vote on Polet's likely appointment.

-By Christopher Emsden, Dow Jones Newswires; +39 06 6976 6921; chris.emsden@dowjones.com

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