×
3 360
Fashion Jobs
NEXT
Delivery Coordinator - mk 1 Milton Keynes
Permanent · MILTON KEYNES
FARFETCH
SEO Specialist - Farfetch Platform Solutions
Permanent · LONDON
FARFETCH
Performance Marketing Executive - Farfetch Platform Solutions
Permanent · LONDON
FARFETCH
Senior Performance Marketing Executive, Farfetch Platform Solutions
Permanent · LONDON
FARFETCH
CRM Specialist – Farfetch Platform Solutions
Permanent · LONDON
FARFETCH
Stock Compliance Principal
Permanent · LONDON
FARFETCH
Senior SEO Specialist - Farfetch Platform Solutions
Permanent · LONDON
FARFETCH
Director of Finance Business Partnering - Platforms
Permanent · LONDON
FLANNELS
Retail Events Manager- Liverpool Flannels
Permanent · LIVERPOOL
FRASERS GROUP
Ecommerce Trading Manager
Permanent · LONDON
SPORTS DIRECT
Loss Prevention Supervisor
Permanent · NOTTINGHAM
FLANNELS
Loss Prevention Supervisor - Flannels
Permanent · DERBY
HOUSE OF FRASER
Loss Prevention Supervisor - House of Fraser
Permanent · CROYDON
NEXT
Sales Coordinator - Antrim Clearance
Permanent · ANTRIM
NEXT
Sales Coordinator - Edinburgh Gyle
Permanent · EDINBURGH
NEXT
Sales Coordinator - Belfast Boucher Retail Park
Permanent · BELFAST
NEXT
Sales Coordinator - Irvine Clearance
Permanent · IRVINE
NEXT
Delivery Manager - Bristol Cribbs
Permanent · BRISTOL
NEXT
Delivery Coordinator - Belfast Donegal Place
Permanent · BELFAST
STELLA MCCARTNEY
CRM Analyst
Permanent · LONDON
NEXT
Sales Coordinator - Blackburn Townsmoor
Permanent · BLACKBURN
NEXT
Sales Manager -Wrexham Outlet
Permanent · WREXHAM
Ads
By
Reuters
Published
Aug 4, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Safilo has first half net loss, to focus on core business

By
Reuters
Published
Aug 4, 2009

MILAN, Aug 4 (Reuters) - Debt-laden Italian eyewear maker Safilo (SFLG.MI) swung to a first-half net loss as sales fell, it reported on Tuesday 4 August, and said it would concentrate on its core business as talks with financial investors had ended.


Dior sunglasses from Safilo

The maker of Gucci and Dior eyewear said in a statement its board had ordered Chief Executive Roberto Vedovotto to "continue to implement all the initiatives to strengthen the group's capital structure".

It said it would carry out all "necessary actions to improve its operating performance" fully supported by its lending banks.

Safilo had postponed publication of its results from July 27 when it said private equity funds had formally withdrawn from talks without presenting any offers.

First-half net sales were 562.1 million euros ($808.9 million) and it made a net loss of 136 million euros, which compared with a net profit of 21.1 million euros a year ago.

Safilo said net debt at the end of June stood at 592.1 million euros, down from 617.7 million euros at the end of March.

Its shares closed down nearly 7 percent at 0.4255 euro before the statement came out. ($1=.6949 euros) (Reporting by Milan newsroom; Editing by Greg Mahlich)

© Thomson Reuters 2023 All rights reserved.