Corporate and M&A

  • CooperVisionlenses
    Article

    CooperVision Q3 sales down by 12%

    2020-09-09T08:24:00Z

    CooperVision (CVI) saw a 12 percent drop in sales to $449.3 million in the third quarter of CooperCompanies ’ financial year, which ended on July 31, and the division’s gross margin narrowed to 61 percent from 65 percent a year earlier owing to the impact of the Covid-19 pandemic. ...

  • Alcon
    Article

    Alcon’s Q2 vision care sales down 27% driven by contact lenses

    2020-08-23T06:50:00Z

    In the second quarter of 2020, Alcon ’s vision care division, which includes the contact lens and ocular health businesses, posted an 27 percent decrease in net sales to $596 million. At constant currency rates, the decline reached 25 percent and was primarily driven by lower demand and widespread closures, ...

  • Thai Optical Group
    Article

    Thai Optical Group to set up TOG Europe

    2020-08-21T15:41:00Z

    Commenting on its second-quarter financial results, Thai Optical Group (TOG) announced that it will establish a new distribution center for Europe in Poland. According to the lens maker, the new structure is scheduled to be operational before the end of the year and will help to increase business opportunities ...

  • newlook
    Article

    New Look Vision enjoys brisk trade since re-start

    2020-08-12T06:13:00Z

    New Look Vision , Canada’s largest optical retailer, posted a 64.9 percent decrease in revenues to 27.4 million Canadian dollars (€17.5m-$20.5m) in the second quarter, resulting principally from the Covid-19 related interruption, as well as scheduled store closures offset by revenue from newly acquired stores. By the end of the ...

  • National Vision
    Article

    ​National Vision returned to growth in June

    2020-08-11T06:48:00Z

    National Vision ’s second quarter net revenues fell to $260.0 million from $429.5 million a year earlier as comparable store sales contracted by a reported 44.7 percent and by 36.5 percent on an adjusted basis. Comparable store sales dropped by 83.9 percent in April and by 56.6 percent in ...

  • bausch & Lomb
    Article

    Bausch Health to spin off its eye health unit

    2020-08-10T05:56:00Z

    Bausch Health intends to spin off its eye health business into an independent publicly traded entity. It will be an integrated, pure play eye-health company built on the Bausch + Lomb brand. The timing of the spinoff is tied to certain conditions and approvals, including the reorganization ...

  • GrandVision_logo
    Article

    GrandVision’s online booking plays key role in customer conversion

    2020-08-09T06:10:00Z

    GrandVision continues to see lower retail traffic across its business as a result of higher consumer uncertainty. But, this is being offset by higher customer conversion driven by the underlying need for eyecare and brand loyalty, the Dutch eyewear retailer said in comments accompanying its first-half results. The ...

  • Safilo_logo
    Article

    Safilo’s full-year sales forecasts cut by analysts

    2020-08-06T16:28:00Z

    After Safilo released weaker-than-expected second-quarter results, some financial analysts cut their forecasts for the full year. In the second quarter of 2020, Safilo registered a 54.0 percent decrease in sales to €114.5 million as a consequence of coronavirus-related lockdowns and travel restrictions. Thanks to a mid-single digit growth ...

  • EssilorLuxottica logo
    Article

    ​EssilorLuxottica cautiously optimistic after Q2 sales halved

    2020-08-03T08:32:00Z

    EssilorLuxottica is cautiously optimistic about the remainder of the year and expects its “transition on the way towards normalization” to continue in the third quarter after second-quarter revenues were nearly halved amid Covid-19 lockdowns. Yet given uncertainty on the evolution of the pandemic, with local lockdowns already re-imposed in ...

  • Safilo_35
    Article

    Safilo signals moderate decline in Q3 sales despite July rebound

    2020-08-03T06:38:00Z

    Safilo warned that it could suffer a moderate decline in sales in the third quarter, despite the rebound experienced in July and the contribution of its new acquisitions Privé Revaux and Blenders, that propped up sales in the first half. The company is also negotiating with creditor ...

  • Article

    Big drop in revenues drives Sun Hing in the red

    2020-07-21T07:44:00Z

    Sun Hing , the Hong-Kong based eyewear company, registered a sharp drop in revenues for its financial year ended on March 31, with overall sales of 912.8 million HK dollars (€102.9m-$117.7m), down by 25.5 percent from HK$ 1,223.9 million a year earlier. Gross profit margin was down by 4.1 percentage ...

  • Article

    JINS’ revenues down by 38 percent in Q3

    2020-07-16T15:46:00Z

    Revenues were down by 37.8 percent year-on-year to 10,303 million yen (€84.2m-$96.2m) in the third quarter ended on May 31 for JINS , the Japanese-based low-cost optical retail chain. The company, which was able to maintain a good momentum in the previous quarter, was more severely hit in the third ...

  • EssilorLuxottica logo
    Article

    EssilorLuxottica sees first signs of recovery

    2020-06-26T05:47:00Z

    EssilorLuxottica is seeing the “first signs of recovery” as lockdowns introduced worldwide to slow down the spread of the Covid-19 pandemic are lifted. In a prepared message delivered to shareholders at the company’s annual general meeting, the executive chairman Leonardo Del Vecchio and executive vice-chairman Hubert Sagnières ...

  • Rodenstock
    Article

    Rodenstock completes a €75 million capital increase

    2020-06-18T06:02:00Z

    Rodenstock  has obtained funds from its shareholders to finance its development while its business is recovering faster than expected from the coronavirus crisis.

  • Article

    CooperVision sees Q3 sales fall after 17% decline in Q2

    2020-06-09T12:06:00Z

    CooperVision (CVI)’s sales in the second quarter ended on April 30 fell by 17 percent to $402.2 million, as the business highlighted “unprecedented” challenges tied to Covid-19 and the management warned that third-quarter sales could contract by 15 to 20 percent. The parent company CooperCompanies withdrew its full-year guidance ...

  • marcolin eyewear
    Article

    ​Marcolin Q1 sales drop by 28% on Covid-19 impact

    2020-06-09T11:52:00Z

    In the first quarter of 2020, Marcolin ’s revenues fell by 28.0 percent to €93.5 million due to the impact of the Covid-19 pandemic. At constant currency rates, the decline reached 28.6 percent. In January and February, the company was moderately affected by the shutdown of its Chinese suppliers, ...

  • Italia Independent logo
    Article

    Italia Independent lowers its forecasts until 2023

    2020-06-02T08:57:00Z

    Italia Independent has revised downwards its business plan though 2023 due to the impact of the Covid-19 pandemic. It now expects to post sales of about €40 million in 2023 compared with a previous estimate of €42 million in the business plan approved in November 2019. The revenues are ...

  • Article

    Zeiss claims a higher market position in eyeglass lenses

    2020-05-20T14:24:00Z

    In reporting its results for the first half of its financial year, ended on March 31, Carl Zeiss said it expanded its position in the market for eyeglass lenses. Without breaking down the figures, it said that the Vision Care division saw growth during the period, but gave no ...

  • Article

    Richemont enjoys strong demand in China but warns that Covid-19 impact may last

    2020-05-16T09:10:00Z

    As China has become the bellwether on how fast an economy can recover from the Covid-19 crisis, Richemont pointed out that it is currently enjoying strong demand in the country. Nevertheless, it warned that the impact of the virus on the global economy may last a long time.