Safilo said earlier this month it would lose its license at the end of 2020 to use the Dior brand, which accounted for 14 percent of sales in the first half and which will likely go instead to LVMH's eyewear partner Marcolin.

The world's second-largest eyewear group's adjusted core profit is set to halve from a year earlier.

" Roberto Vedovotto likes to think of Kering Eyewear as a startup, a lean, mean entrepreneurial upstart bringing innovation and disruption to a