Safilo Signs Agreement to Sell Solstice Retail Business
Friday, May 24 2019 | 08 h 36 min | News, Press Release
Safilo Group announces that it has reached an agreement to sell the US retail chain Solstice to Fairway LLC, a US limited liability company, formed by a group of investors active in the US and in the European eyewear retail business. The transaction is expected to be completed within the third quarter of 2019.
The sale of the Solstice retail business confirms the Group’s efforts to focus on its core wholesale business, and thereby marks a further key step in Safilo’s strategy of recovering a sustainable economic profile.