Safilo Canceling Licenses with Balenciaga

Safilo Group will not renews its license agreement for the design, production and distribution of Balenciaga sunglasses and prescription eyewear collections beyond December 31, 2012. Safilo will focus on resources, investments and know-how only on those brands it perceives as relevant in the eyewear sector or have important growth opportunities. Safilo’s sales through the Balenciaga license were approximately Euro 3 million in 2011.