Italian eyewear maker Safilo SpA's main shareholder said it was in talks with potential investors and could dilute its stake in the company, boosting Safilo shares on hopes of a cash injection. Only 3T, which has 39.
Italian eyewear production has fallen more than 10 percent during the first quarter, following a decline which started with weakening demand last year, the head of industry body Anfao said on Thursday.
Italian eyewear maker Luxottica SpA has won the licence to design and distribute Tory Burch and TT brand glasses, it said on Wednesday, in a deal a company source said should bring revenue of $30 million a year.
Italian eyewear maker Luxottica Group SpA sees 2009 being difficult as consumer spending slows, its chief executive told Corriere della Sera newspaper, but added that the company would continue investing.
Italian eyewear maker Luxottica cut its earnings-per-share forecast after its third-quarter net profit fell, and its chief executive said a clearer picture on the future would emerge in two to four months.
By Carolyn Giardina AMSTERDAM (Hollywood Reporter) - DreamWorks Animation CEO Jeffrey Katzenberg predicted on Sunday that all movies would be made in 3-D within "a reasonable period of time" and that 2-D films would be "a thing of the past.