Safilo Shares Jump on Eyewear Deal With Chiara Ferragni

Chiara Ferragni exterior Alberta Ferretti throughout Milan Trend Week Autumn/Winter 2020. Getty Photos.

Safilo’s shares rose greater than 14 p.c on Monday after the Italian eyewear group signed a multi-year licensing take care of Chiara Ferragni to design, make and distribute the primary eyewear assortment below the Instagram trend-setter’s model.

The total vary, together with optical and sun shades, will come to the market in January 2022, Safilo stated in an announcement.

The collaboration with Ferragni, a 34-year-old Italian digital entrepreneur with nearly 25 million followers on her Instagram account the place she shares vogue and elegance recommendation, is supposed to assist Safilo in its digital technique and in its bid to achieve youthful purchasers.

“It represents an ideal slot in our model portfolio and a major alternative for us to develop within the up to date section,” Safilo CEO Angelo Trocchia stated within the assertion.

Working with Ferragni has boosted different Italian vogue shares in current months.

Tod’s shares jumped in April when the posh shoemaker added her to its board as a part of efforts to win over youthful consumers, and the inventory’s market capitalisation greater than doubled within the following two months.

“After Tod’s, the market has grow to be accustomed to the truth that any deal involving Ferragni is optimistic information and persons are dashing to purchase,” a Milan-based dealer stated.

By Reuters Staff

Study extra:

Chiara Ferragni to Join Tod’s Board of Directors

The Italian influencer and entrepreneur’s “information of the world of younger individuals shall be extraordinarily useful” to the maker of suede driving loafers and Roger Vivier heels, Tod’s president Diego Della Valle stated in an announcement. | Safilo Shares Leap on Eyewear Deal With Chiara Ferragni


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