All Article articles – Page 109
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Change of the guard at Silhouette
Silhouette International has named Thomas Windischbauer and Daniel Rogger as new members of the executive board. The owners of the company, Klaus and Arnold Schmied, are leaving the operational business after working on the executive board for 15 years. The two Schmieds are now joining the company's supervisory board to ...
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S&P ups Luxottica’s credit rating to A-
Even before the publication of Luxottica's sales results and Andrea Guerra's interview with an Italian newspaper, Standard & Poor's (S&P) raised Luxottica's long-term credit rating to “A-” from “BBB+,” with a stable outlook. The company continues to be considered more trustworthy than Italy, whose long-term debt is rated “BBB” by ...
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Far East e-commerce platforms most dangerous for fakes
The first structured study analyzing online sales of counterfeits in the Italian eyewear and footwear sectors, two key industries in the country, show that the most dangerous sites are large e-commerce platforms, first and foremost those in China and other parts of the Far East. The results of the latest ...
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Salmoiraghi enters drugstores
Salmoiraghi & Viganò, Italy's leading optical retail chain, will soon have a presence in pharmacies in a pilot project in partnership with Essere e Benessere, a retail chain specialized in pharmaceuticals and hygiene products. It will do so under its low-cost VistaSì banner.Just before last Christmas, the eyewear chain opened ...
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Euromcontact on fluorescein strips
Euromcontact has called on EU member states to be “pragmatic” and allow fluorescein strips on the market as medical devices until their classification is concluded in the Borderline & Classification Expert group. Failing to do so would have a major impact on the availability of such products, impacting European patients, ...
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Insights into European markets and trends
France remained the biggest importer of ophthalmic optics products in 2012, with an increase in the value of imports of 18 percent to €1.26 billion, according an annual report by Spectaris, the German ophthalmic industry association, on the state of the European market. Germany remained in second place with an ...
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Opti show records growth in terms of visitors and internationality
About 24,000 trade and business professionals from more than 80 countries visited the Opti trade show held in Munich on Jan. 10-12. Visitor numbers have increased over the last couple of years; last year for example the fair attracted about 23,000 visitors.A total of 501 exhibitors presented their new collections, ...
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New majority owners for MyOptique
MyOptique Group, the U.K. based online retailer that owns Glasses Direct and other e-commerce operations, has raised £8 million (€9.7m-$13.2m) in additional equity in connection with the entry of two new shareholders, Ciplo Partners and GP Bullhound Sidecar. The former investors in the company - Acton Capital Partners, Highland Capital Partners ...
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Positive Q3 results and new strategies at Safilo
Safilo provided one of its strongest quarters in term of organic growth, and the company's new chief executive, Luisa Delgado, made a good impression when she presented her strategic views to the financial analysts who are following the company. Speaking in immaculate English, Delgado confirmed the main elements that have ...
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Luxottica pays a €33 million tax adjustment
Luxottica reached an agreement with Italian tax authorities on the treatment of transfer pricing, the method used to determine the pricing of intra-group transactions. It is going to result in extra charges of €33 million following a tax audit that concerned transactions related to the export of finished products from ...
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Hoya eyes new acquisitions after a strong quarter
Hoya Corp. wants to make new acquisition in the Life Care segment, which comprises eyeglasses and other products, and which booked a sales increase of 25.4 percent to ¥62,664 million yen (€442.0m-$607.4m) in its second quarter ended Sept. 30 as compared to the same period a year ago. The turnover included ...
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Italian industry agrees new wages, eyes emerging markets
The minimum wage has increased by about 8 percent for the 16,200 people employed at the 880 companies operating in the Italian eyewear industry under a labor agreement signed by their trade association, Anfao, with the labor unions to cover the three-year period since last Jan. 1 and the end ...
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Alba launches collapsible eyewear
Remember Dominique Alba? After running Logo Eyewear and Alain Mikli, this French executive has decided to launch an innovative project in the area of eyewear. He has set up a company, Code ADN, that has created a new brand, I Human, with a unique selling proposition. Targeting mainly business executives, ...
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Improving Spy has new ambitions in Europe
Spy hopes to generate a turnover of about €5 million in Europe next year, following the establishment of a rather comprehensive sales organization for the region over the past few months. For many years, Spy had a European sales office, located in the premises of its LEM laboratory in the ...
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Better margins for Zeiss’ vision business
The Vision Care segment of Carl Zeiss recorded a slight sales decline to €841 million for the financial year ended last Sept. 30, down from €860 million in the prior year. Without providing any details, the group indicated that was a satisfactory development in view of a difficult market environment ...
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CVI is bullish in spite of a mixed quarter
The growth of CooperVision (CVI) softened in its fourth quarter, ended on Oct. 31, but this did not prevent the company from growing nearly twice as fast as the global market for soft contact lenses.CVI's sales went up by 3 percent to $327.1 million in the fourth quarter, up by ...
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Essilor and FGX buy sunglass firms in China and Canada
Essilor International has acquired a 50 percent stake in Xiamen Yarui Optical Company, China's leading supplier of mid-range sunglasses. The company designs and manufactures non-prescription sunglasses that are sold in China under various brands, including Bolon and Molsion, two of the country's best known brands of sunglasses. In 2012, Xiamen ...
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Hal’s optical chains make progress
Hal reports sales increase of 2.7 percent in the third quarter and 1.7 percent in the first nine months of this year for its optical stores in terms of local currencies and on a same-store basis, compared with the corresponding periods of 2012. On an absolute basis, their revenues increased ...
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Fleye flies through the Chinese market
In a span of a little more than one year, Fleye, one of the most recent and successful start-ups in Danish eyewear design, has become one of the leading designer brands in China, where it is now sold in more than 100 high-end optical stores in 22 different provinces.Many brands ...
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Counterfeiting pursues its rapid path
In the past 17 years, up to 2011, the value of counterfeit goods worldwide has grown 20 times over. It has caused the loss of 270,000 jobs in the past 10 years, around125,000 of which were in the European Union alone. China is way ahead of all other countries in ...
