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  • Article

    British delivery service fears uncontrollable Black Friday

    2020-11-25T15:40:00Z

    London-based delivery service ParcelHero said that it’s forecasting an £8.49bn (€9.5bn-$11.5bn) monster Black Friday to Cyber Monday weekend. It warns that stores must learn from the disaster of Black Friday 2014 or delivery chains could snap once again this year. In 2019, Britons spent a ...

  • Euler Hermes
    Article

    A quarter of European firms need support or face a cash shortage in 2021

    2020-11-25T06:51:00Z

    About a quarter of companies in the Eurozone will need more government support in 2021 to avert a cash-flow crisis, according to the French credit insurance company Euler Hermes . “The first wave of Covid-19 lockdowns caused a stronger-than-expected profitability shock for most European non-financial corporate” during the first ...

  • Gemoptics logo
    Article

    Manager takes over GemOptics from Mondottica

    2020-11-24T17:42:00Z

    As part of its strategy to focus on its eyewear distribution business, with licensed brands such as Christian Lacroix , Sergio Tacchini or Pepe Jeans among others, Mondottica International has sold its entire stake in the wholly-owned unit GemOptics to Robert Content , the general manager ...

  • the-new-york-public-library-yEauzeZU6xo-unsplash
    Article

    Global personal luxury goods seen down 23% this year

    2020-11-22T14:48:00Z

    Global sales of personal luxury goods are estimated to fall by 23 percent this year to €217 billion, with constant currency sales down by 22 percent. It will be the first drop since the financial meltdown of 2009, according to the Altagamma-Bain Worldwide Luxury Market Monitor 2020 . The ...

  • ioft
    Article

    More than 6,000 participants at the IOFT Tokyo show last month

    2020-11-20T15:45:00Z

    Due to the relatively low impact of the Covid-19 pandemic in Japan so far, the international IOFT show was able to take place from Oct. 27 to 29. The co-organizers, Reed Exhibitions and the Fukui Optical Association , have just announced that 5,688 visitors and 146 ...

  • Inspecs
    Article

    Inspecs buys Eschenbach for €95 million

    2020-11-20T09:35:00Z

    Inspecs is buying the German company Eschenbach Holding for €94.85 million (£84.7m), a move that will enable the British eyewear company to obtain greater scale and provide it with the opportunity to acquire bigger global licenses. Inspecs will also be able to utilize its manufacturing expertise in ...

  • Vision Group
    Article

    Italy’s main buying groups merge

    2020-11-16T06:38:00Z

    Italy’s two main buying groups, Vision Group and Netcity , will merge on Jan. 1, but will maintain their offices and staff based in Milan and Prato, near Florence. Vision Group has more than 2,100 associated optical stores, operating under different banners including VisionOttica’s , the group’s nationwide ...

  • Alcon
    Article

    Alcon’s vision care sales flat in Q3

    2020-11-15T15:36:00Z

    In the third quarter of 2020, Alcon ’s vision care division, which includes the contact lens and ocular health businesses, posted net sales of $822 million, unchanged from a year earlier at current and constant currency rates. The company said that strong performances by Precision1 , its newest daily silicone ...

  • Fielmann
    Article

    Fielmann warns that Covid second wave may affect full-year guidance

    2020-11-15T15:33:00Z

    Fielmann confirmed its updated full-year guidance but warned that the introduction of restrictive measures in most of its markets to tackle the resurgence of the Covid-19 pandemic could prompt it to review its forecasts. The company currently anticipates external sales, which include value-added tax, to exceed €1.6 billion, but ...

  • newlook
    Article

    New Look Vision Q3 sales lifted by pent up demand

    2020-11-13T07:38:00Z

    In the third quarter, New Look Vision Group , Canada’s largest optical retailer, posted a 16.8 percent year-on-year increase in sales to 86.9 million Canadian dollars (€56.1m-$66.3m) driven primarily by comparable store sales growth as well as from newly acquired stores. Comparable store sales were up by 13.5 ...

  • L'Amy
    Article

    L’Amy saved by ILG, MadaLuxe

    2020-11-09T06:29:00Z

    L’Amy , the French eyewear maker, which can boast over 200 years of history, has been saved by its existing shareholder, International Luxury Group (ILG), and an American partner, MadaLuxe . The two buyers took over, with similar stakes, the company, which has been renamed Groupe L’Amy Luxe, ...

  • National Vision
    Article

    National Vision sees Q4 comparable sales up by 5-9% as pent-up demand moderates

    2020-11-08T13:38:00Z

    National Vision expects adjusted comparable store sales to grow by only 5 to 9 percent in the fourth quarter, after rising by 12.4 percent in the previous three months, as pent-up demand peters out. The third quarter experienced a strong rebound after comparable sales declined by 36.5 percent in ...

  • Farfetch-Alibaba-Richemont Global Partnership 2
    Article

    Farfetch, Alibaba, Richemont, Pinault family form a formidable alliance in digital sales

    2020-11-08T08:01:00Z

    Farfetch , Alibaba , Richemont and the Pinault family, which owns the French luxury goods company Kering , have entered a global partnership with the declared intent of providing luxury brands with “enhanced access” to the Chinese market as well as accelerating the digitization of the global ...

  • Safilo
    Article

    Safilo sees uncertain year end after Q3 sales rebound

    2020-11-04T17:55:00Z

    Safilo could not provide an outlook for November and the holiday season due to growing uncertainty resulting from a resurgence of Covid-19 cases in many countries after posting a strong improvement in sales in the third quarter and seeing a continued positive development of its business in October. ...

  • amazon-logo
    Article

    Amazon Q3 sales up 37%, net profit triples

    2020-11-04T10:01:00Z

    Amazon ’s third-quarter sales grew by 37 percent to $96.1 billion. They were boosted by booming online transactions during the coronavirus crisis worldwide, which prevented or discouraged shoppers from purchasing in physical stores. Excluding a $691 million favorable impact from year-over-year changes in foreign exchange rates during the quarter, sales ...

  • Article

    Bausch Health Q3 revenues up 28% from Q2

    2020-11-03T17:25:00Z

    Bausch Health ’s revenues were $2,138 million in the third quarter of 2020, down by 3 percent from a year earlier both on a reported and an organic basis, as the company continued to suffer from the impact of the Covid-19 pandemic. But, compared with the second-quarter, the top ...

  • EssilorLuxottica logo
    Article

    EssilorLuxottica sees sharp improvement in Q3

    2020-11-03T16:31:00Z

    EssilorLuxottica bounced back in the third quarter after second-quarter revenues were nearly halved amid Covid-19 lockdowns. Sales in the three months to Sept. 30 were down by 5.2 percent from the year-ago quarter to €4,085 million, or by 1.1 percent at constant exchange rates. The company did not release ...

  • GrandVision_logo
    Article

    GrandVision recovers faster than expected in Q3

    2020-11-03T12:33:00Z

    GrandVision enjoyed a stronger-than-expected recovery in the third quarter, especially thanks to the performance achieved in the Benelux, Germany, Austria and Switzerland, but the company remains cautious as the second wave of the Covid-19 pandemic hits Europe. So far, one of the positive aspects of the pandemic has ...

  • Russian flag
    Article

    3Z launches nationwide Russian online store

    2020-10-30T08:45:00Z

    The Russian eyewear retailer 3Z has launched an online store, which offers delivery all over the country, including the remote, hard-to-reach regions of the far north. No other Russian eyewear retailer is currently operating nationwide. 3Z is one of Russia’s biggest ophthalmological networks, operating 33 diagnostic centers and ...

  • Hoya
    Article

    Hoya bounces back in lenses, improves operating margin

    2020-10-27T18:14:00Z

    As previously announced by Alexandre Montague , the new chief executive of Hoya Vision Care , in an interview with us, eyeglass lenses’ revenues of the Japanese group Hoya have bounced back to pre-Covid levels. In the presentation of its results for the second quarter ended on Sept. 30, ...