Xia Feinuo's European performance has improved significantly, and the Asia-Pacific market is still struggling

- Mar 05, 2019-

Recently, Safilo Group SpA (SFL.MI), the world's second-largest sunglasses manufacturer, released data showing that sales in the fourth quarter of 2018 improved, with a 1.8% sales increase during the period, a fixed exchange rate. Calculated by an increase of 1.3%.

It is reported that from October to December 2018, Xiafeinuo's European business improved significantly, sales increased by 23.8% to 120.4 million euros, and the fixed exchange rate increased by 25.1%. The fixed exchange rates of North America and Asia-Pacific markets recorded decreases of 9.5% and 15.2% respectively.  

For the whole year of 2018, the initial sales of Italian companies recorded 962.9 million euros, down 7.0% year-on-year, and the fixed exchange rate calculation fell 4.0%. The European market was basically flat at constant exchange rates during the period, and the North American market recorded a 8.1% decline. The above performance is 100 basis points worse than the group's expectations.  

 In the past three years, Italian companies have lost their large-scale agency brands, and they have been struggling. Last year, they were in a state of liquidity problems. Fortunately, they received financing from Multibrands Italy B.V., a subsidiary of HAL Holding NV.www.gift-package.com