×
1 317
Fashion Jobs
ESTÉE LAUDER
Clinique - Consultant - Boots, Fosse Park- 7.5 Hours - Part Time, Permanent
Permanent · Leicester
MICHAEL KORS
Sales Supervisor, Multrees Walk
Permanent · EDINBURGH
VASHI
Talent Acquisition Partner
Permanent · LONDON
LEVI'S
Senior Trade Compliance Analyst
Permanent · Northampton
FOOT LOCKER
Geo Marketing Manager United Kingdom
Permanent · London
VANS
Account Coordinator - French Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
Tom Ford - Business Manager - Selfridges, Birmingham - 37.5 Hours - Full Time, Permanent
Permanent · Birmingham
ESTÉE LAUDER
Marketing Executive, Tom Ford Beauty, Kilian, Darphin And le Labo - Travel Retail Emea (Based London)
Permanent · London
ESTÉE LAUDER
Corporate Account Executive, Lagardere, Dfs, Inflight And Aquatic - Travel Retail Emea (Based London)
Permanent · London
ALEXANDER MCQUEEN
Collection Coordinator Assistant
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part Time, Permanent
Permanent · Oxford
ESTÉE LAUDER
Clinique - Consultant - Boots, Sedley Place London - 37.5 Hours - Full Time, Permanent
Permanent · London
PAUL SMITH
Office Administrator
Permanent · NOTTINGHAM
FRASERS GROUP
Trainee Commercial Manager
Permanent · SHIREBROOK
FOREO
Key Account Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 26 Hours - Part Time, Permanent
Permanent · Edinburgh
BEARA BEARA
Marketing Executive (Taiwanese)
Permanent · LONDON
BRANDLAB 360 - HULA
Hula by Barbara Hulanicki – Wholesale Sales Manager
Permanent · LONDON
HOMEGOODS
Loss Prevention Detective
Permanent · Countryside
TK MAXX
10933-Loss Prevention Officer Sth Ruislip
Permanent · Ruislip
TK MAXX
10933-Loss Prevention Officer Haringey
Permanent · London
ESTÉE LAUDER
Aveda Haircare Category & Marketing Planning Manager
Permanent · London
By
Reuters
Published
Mar 8, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Italian eyewear production continues decline in Q1

By
Reuters
Published
Mar 8, 2009

MILAN, March 5 (Reuters) - Italian eyewear production has fallen more than 10 percent during the first quarter, following a decline which started with weakening demand last year, the head of industry body Anfao said on Thursday.

Production in Italy, a world leader in the industry, totalled 2.597 billion euros ($3.27 billion) last year, down 6.4 percent from 2007, said Vittorio Tabacchi, head of the Italian Association of Optical Items Manufacturers (Anfao).

He said the fourth quarter had weighed heavily on the trend.

"We do not have data for the first quarter yet," Tabacchi told a news conference, adding that the expectation is for it to be low, around the fourth quarter level, with a double-digit decline.

Exports of frames, sunglasses and lenses -- which account for about 85 percent of production -- fell 4.7 percent in 2008, he said.

Exports of sunglasses and frames to the United States, the main export market, fell 20.5 percent. Those to European countries also fell, with sunglasses suffering the most from the downturn.

"Both the fall in exports ... and a downturn in the domestic market caused production to slow down, immediately leading to a reduction in the number of companies and people employed," said Tabacchi.

Some small companies have closed and medium- and big-sized players have had to close production facilities temporarily, reduce working hours and lay off employees, he said.

Italy's Luxottica (LUX.MI) and Safilo (SFLG.MI), among the industry's top players, have both been hit by the slowdown.

Tabacchi is chairman of Safilo, which saw its net profit fall 71.3 percent last year as demand for its high-end glasses and sunglasses slowed and high productions costs in Italy took their toll.

Luxottica, whose brands include Prada and Ray-Ban, has forecast this year to be a challenge and expects a 16 percent fall in its net profit from 2008. ($1=.7946 Euro)

(Editing by Sharon Lindores)

© Thomson Reuters 2022 All rights reserved.