Safilo Group Extends Supply Agreement with Kering Eyewear Until 2029

Safilo Group SpA ( (IT:SFL) ) has shared an update.

Safilo Group has announced the early renewal of its supply agreement with Kering Eyewear, extending the partnership until 2029. This renewal underscores Safilo’s strategic positioning in the eyewear market, ensuring continued collaboration with a key partner and potentially enhancing its market presence and operational stability.

The most recent analyst rating on (IT:SFL) stock is a Buy with a EUR1.40 price target. To see the full list of analyst forecasts on Safilo Group SpA stock, see the IT:SFL Stock Forecast page.

More about Safilo Group SpA

Safilo Group is a prominent global entity in the eyewear industry, known for its production and distribution of sunglasses, optical frames, helmets, masks, and outdoor glasses. The company integrates Italian design with digital innovation, operating a comprehensive production-distribution chain with a presence in over 100 countries. Its brand portfolio includes both owned and licensed brands, and it is listed on Euronext Milan.

Average Trading Volume: 1,080,875

Technical Sentiment Signal: Sell

Current Market Cap: €377.4M

For an in-depth examination of SFL stock, go to TipRanks’ Stock Analysis page.