Connect with us


Safilo Plans to Sell Retail Chain

A deal is likely to be completed this year.




PADUA, ITALY – Safilo Group announced that it has received expressions of interest to purchase its Solstice sunglass retail business in the U.S.

Selling Solstice would be an alternative to the current turnaround plan, the company stated, adding that it “has decided to proceed with the option to sell the relevant Solstice assets to a third party.”

Safilo said it’s “probable” that a sale will be completed this year.

Any sale would be subject to customary conditions, including “the positive outcome of a due diligence process currently under way,” according to the company.

Solstice was acquired by Safilo in 2002, when the retailer had six stores. Today it has 73 stores, of which 28 are outlets.

Safilo makes sunglasses, optical frames, sports eyewear and other products. It has subsidiaries in 40 countries, along with more than 50 distribution partners in key markets.


Safilo’s core brands are Carrera, Polaroid, Smith, Safilo and Oxydo.

Its licensed brands include Dior, Dior Homme, Fendi, Banana Republic, BOSS, Elie Saab, Fossil, Givenchy, havaianas, HUGO, Jimmy Choo, Juicy Couture, kate spade new york, Liz Claiborne, Love Moschino, Marc Jacobs, Max Mara, Max&Co., Moschino, Pierre Cardin, rag&bone, Rebecca Minkoff, Saks Fifth Avenue, Swatch and Tommy Hilfiger.



The Best Overall Progressive Lens, Now Powered by AI

Engineered with Behavioral Artificial Intelligence and utilizing new XR-motion™ technology, Varilux XR series goes beyond prescription and eye physiology to consider the patient’s visual behavior and design a progressive lens that respects how
their eyes naturally move.

Varilux XR series comes in two versions, Varilux® XR design and Varilux® XR track. The Varilux XR track lens provides an additional level of personalization by incorporating the exclusive Near Vision Behavior Measurement, providing up to 25% more near vision width3 according to the patient’s need, so patients get the highest level of customization.

Discover Varilux XR series and enjoy instantly sharp vision in motion4 and seamless transitions from near to far.

For more information, visit here.

Promoted Headlines





Get the most important news and business ideas for eyecare professionals every weekday from INVISION.



Most Popular