All Article articles – Page 100
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Big growth for Pamaor
Pramaor, the italian producer of Blackfin titanium frames based in the Cadore region, closed 2014 with sales of €4.9 million, up by 48 percent year-on-year. Orders went up significantly, too, by 62 percent. Exports – representing 71 percent of total sales - were the leading factor, up by 56 percent ...
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Essilor creates program to fight poor vision
Essilor has announced the creation of Vision For Life, a new charitable program to improve people's sight, for which the group said it has committed €30 million. According to the company, it is the largest global strategic giving program dedicated to eliminating uncorrected refractive error.Vision For Life will fund various ...
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Essilor grows faster, earns more
A further sequential sales increase in the fourth quarter of 2014, up by 4.7 percent on a comparable basis from the year-ago period, led Essilor International to post a 3.7 percent increase for the full financial year. In reported terms, including the effect of exchange rates and acquisitions, sales rose ...
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Fabris Lane licenses Oliver Goldsmith and other optical lines
Fabris Lane, the biggest British specialist in medium-priced sunglasses, is making a big step into premium prescription frames through a five-year agreement with Oliver Goldsmith. Together, they have developed a first line of spectacles, called Photograph, inspired by an old family photo album put together by his grandfather, the late ...
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An interesting training program by Zeiss
Carl Zeiss Vision has launched an interesting training program in Italy's main cities with Ottici Associati, an 20-year-old service network. Starting with a session in Genoa in January, Zeiss' marketing team has been making its know-how available to the 400-odd opticians affiliated with the Italian group in an original way, ...
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Possible recovery in the Japanese market
With most of its indicators pointing downwards, the Japanese economy is going through a challenging period. However, after hitting a low in 2010, the Japanese eyewear market appears to be showing some small signs of recovery. In spite of lingering difficult conditions in certain segments of the market, there are ...
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New partnership structure at Mykita
All of Mykita's partners, at their own request and except for Moritz Krueger, the original co-founder, have withdrawn their partnership, effective Feb. 17. The new partners are now Moritz Krueger and Bernd Beetz.Krueger, who has been Mykita's chief executive and creative director since the foundation of the company, will maintain ...
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Rodenstock to return in the U.S.
Rodenstock will be reintroduced to the U.S. market by Egma Lens Factory in mid-2015. Egma, an optical distributor and lens manufacturer in the Middle East and North Africa region, has established a new laboratory and distribution center in Dallas, which features a state-of-the-art 15,000-square-foot optical laboratory to manufacture the full ...
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Optic 2000 gets fined for fraud
A French court issued a fine of €29.5 million on Dec. 22 against Gadol Optic 2000, accusing it of unfair competition by its affiliated members. The big French optical retail group appealed immediately, criticizing the principle and the amount of the fine. As the fine has to be paid right ...
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GrandVision wants to grow by 5% a year or more after it goes public
Confirming its intention to go public, GrandVision BV published some new and interesting figures, leading analysts to estimate that it may be worth about €5.8 billion when it starts trading on Euronext Amsterdam. They feel that this may happen in February or March, without waiting for the release of its ...
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U.S. Optical Barometer points upwards
The Optical Business Barometer (OBB), a monthly survey designed to gauge business attitudes among independent eye care professionals in the U.S., showed an increase for December 2014 as compared to the previous month and the previous December ratings. The December 2014 rating rose to 3.91 from a November rating of ...
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Luxottica benefits from exchange rates
In fourth quarter of 2014, Luxottica's revenues started to significantly benefit again from foreign exchange movements thanks to the depreciation of the euro against other currencies, especially the U.S. dollar. The revenues reported earlier this week by the group for the quarter showed a big increase of 13.4 percent in ...
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New boss for Zeiss' Vision Care
With effect from next July 1, the current four-member executive board of the Carl Zeiss group will be expanded to include a member who will be specifically responsible for its Vision Care and Consumer Optics business groups. The new member is going to be Matthias Metz. The two business units ...
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New and old brands use new materials
More and more brands of spectacles are using wood in the wake of pioneers such as Gold & Wood and Rolf Spectacles, which just got the German Design Award, or WooDone, which has improved its manufacturing technology by developing specific, labor-saving machinery. There are now about a dozen more or ...
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Google Glass takes a break
Googgle announced its decision to halt further sales under its Glass Explorer program on its website as of Jan. 19, but indicated that it was working on new versions of Google Glass that might be released at a later stage, without giving a timeline. The decision is not surprising, considering ...
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Will Essilor buy Safilo?
It's the latest speculation. It has been formulated as a possibility by Exane BNP Paribas, and it could make some sense after the recently reported failure of merger discussions between Essilor International and the Luxottica Group. The two eyewear industry giants have been very respectful of each other until now, ...
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Special lenses from Essilor
Essilor has started to offer some powerful new ophthalmic lenses for the European market from a new Special Lens Laboratory in France. Most of the lenses are made for short-sighted people who have diopters ranging from about -16 to -40 and for hypermetropes with diopters of +8 to +30, but ...
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The German industry is more optimistic
The German ophthalmic optic industry improved its turnover by 2.5 percent in 2014, reaching a level of €4.13 billion, according to Spectaris, the national trade association of the industry. Its sales grew by 2.8 percent to €2.10 billion in Germany and by 2.1 percent to €2.03 billion in other countries.Supplying ...
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Goldman Sachs invests in Mister Spex
Goldman Sachs has acquired a stake of just under 20 percent in Mister Spex, the German-based online eyewear retailer, which is apparently considering entering a new country this year. Denying a report that Goldman Sachs is paying €32 million for this financial stake, Dirk Graber, the 37-year-old founder and chief ...
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Nuesser will lead Eurom 1
Bernhard Nuesser, the seasoned Swiss executive who was recently appointed European director for Essilor International, is taking over next month as president of Eurom 1, the European federation of national ophthalmic optics associations, taking the place of Vittorio Tabacchi, the former owner and chairman of Safilo Group.Nuesser knows many aspects ...
