Italian eyewear group Safilo has released its latest financial results, reporting a 3.5% YoY drop in revenue for the first three quarters to 760 million euros ($798 million). This decline was primarily due to the termination of the Jimmy Choo licensing agreement and weak demand in the US and Asia-Pacific markets. The European market, however, remained relatively stable. In the third quarter, revenue fell 4.1% to 230 million euros ($243 million), but gross margin improved by 140 basis points to 59.1%. By region, revenue in the US dropped 5.8%, while revenue in Asia-Pacific declined 8.6%, with a notable slowdown in demand in China. Other markets saw a 9.3% decrease in revenue, although performance in India, the Middle East, and Africa showed improvement in September.