All Article articles – Page 110
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Italia Independent partners with Essilor
Italia Independent has an agreement since last March with Essilor Italia, which will supply its latest generation of ophthalmic lenses on an exclusive basis for the frames that the Italian company will sell its eight concept stores.All in Italy, these stores also sell other fashion products under the same brand ...
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Fielmann gains further market share in Germany
Germany's biggest optical retailer scored year-on-year sales increases in Germany of around 5 percent in the third quarter and 3 percent for the first nine months of this year on a same-store basis, according to a spokesman for the company. It did not perform as well in Switzerland, but the ...
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French legislators support online sales
The lower house of the French Parliament adopted yesterday two controversial amendments that will facilitate sales of eyeglasses over the internet. The amendments had been proposed by the French Socialist government, claiming that it will foster competition in the high-margin optical retail sector, helping consumers to save up to €1 ...
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North American market seen rising to $44-47 billion by 2020
The North American eyewear market offers untapped growth opportunities as the consumption of these products is expected to rise to $44-47 billion at retail in 2020 from an estimated $35.5 billion currently, said Luxottica at an investors' conference, citing Vision Council and other industry data.The optical market should benefit from ...
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Italian eyewear exports rise by 5.4%
In the first half of 2013, international markets continued to support the Italian eyewear industry, in the midst of an extremely weak domestic market, like in the past five years. According to Anfao, the Italian optical industry association, the sector's total exports grew by 5.4 percent in value compared with ...
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Marcolin acquires Viva, without Bortuzzo
Marcolin is moving into the third position in the global eyewear sector, behind Luxottica and Safilo, with its acquisition of Viva International for an undisclosed amount. An agreement in principle was announced a few days ago and should be completed by the beginning of December, after approval by regulatory authorities. ...
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Luxottica improves in Europe, studies acquisitions
Luxottica's European business continued to perform very well in the third quarter, confirming the trend seen in the previous three months and surpassing the group's expectations. In a conference call with financial analysts last week, Andrea Guerra, chief executive of the group, expressed satisfaction about the group's overall results, pointing ...
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A Chinese firm licenses Alessi eyewear
One of the novelties at the recent Silmo show in Paris was a rather interesting line of eyewear by Alessi, an Italian brand of high-end accessories for the kitchen and the home that is known for the creative design of its products. The brand has already been marketed on specific ...
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New markets and brands for the Rem-Mondottica joint venture
REM Eyewear is expanding its collaboration with Mondottica U.K. on the distribution front. In 2011 the two companies set up a joint venture, Remdottica, to distribute the Converse eyewear collections in the U.K., Ireland, the Netherlands, France and Spain. Given the success of the operation, the two companies have decided ...
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Colmar and Italia Independent join forces
Italia Independent has launched a co-branding initiative with Colmar, an Italian sportswear brand. The two companies will showcase models specifically designed for their respective mono-brand stores – seven stores in Italy and two in South Korea for Colmar, and 40 shop-in-shop corners for Italia Independent, with another 22 in the ...
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Mykita sells online, launches shop-in-shop concept
Mykita, which has been selling glasses hand-made in Berlin since 2003, launched a new shop-in-shop concept, Mykita Furniture, at Silmo. The company had a separate stand at the trade show, held in Paris on Sept. 26-29, in order to present freestanding units that can be ordered by premium clients or ...
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Strong growth for Costa
Sales grew by 26.3 percent to $24.6 million in the third quarter ended Sept. 28 at Costa Inc., the company that owns the Costa and Native brands of sunglasses. They rose by 24.1 percent for sunglasses and by 46.6 percent for the company's lines of accessories and apparel.Costa Inc. is ...
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Slowdown for Essilor
Essilor International reported a sales increase of only 0.7 percent to €1,237.3 million for the third quarter. The management gave several reasons for this unusual slowdown and predicted a recovery in the fourth quarter, with sales up by between 9 and 10 percent and further increases in 2014. For all ...
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Essilor invests in low vision
Essilor International has announced the acquisition of a majority interest in Technologies Humanware, a Canadian company that designs and distributes electronic assistive technologies for the visually impaired. Humanware, which is celebrating its 25th anniversary, offers a wide range of equipment that is marketed mainly in the networks of visual rehabilitation ...
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GfK sees stability in Europe, with some variations
The eyewear market grew by only an estimated 0.7 percent to around €7.3 billion during the first half of 2013 in France, Germany, Italy and Spain, according to GfK, which commented on some of the market trends during the recent Silmo trade show in Paris. Retail sales rose by 2 ...
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Polaroid managers launch Swiss Eyewear Group
A group of five former key managers of Polaroid Eyewear have founded an interesting new company, Swiss Eyewear Group (International) AG, that is starting off with a staff of ten people and a line of affordable sunglasses with “ultra-polarized” lenses, branded as INVU (called “in view” and pronounced “I envy ...
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Hoya launches a new generation of progressives
Hoya Vision Care made a big splash during the Silmo show in Paris to present its new Hoyalux iD MyStyle V+ lens, describing it as the first individual progressive lens that differentiates the customization of the left and right lenses by taking into account binocular vision through a patented Binocular ...
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Metzler gets a new lease on life
The business of Nigura Metzler Optics International, which filed for insolvency proceedings in the local court of Düsseldorf in September 2012, will not be continued in its former state. Jan Willem van der Brink, who had been running the company since June 2012 as chief executive, acquired all assets and brands in May 2013, ...
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SGH sees a huge potential in the Mediterranean
Sunglass Hut International continues to grow at a double-digit rate globally, with a high single-digit rate for same-store sales. In North America, however, the chain's comparable store sales are expected to rise by 6-7 percent this year, down from 10.2 percent in 2012. The U.S. represents about 75 percent of ...
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Luxottica plans to take Pearle Vision to new markets
According to the figures supplied by Luxottica at its recent investors' day, its Retail Optical North America (RONA) is the largest optical retailer in the North America by far, with sales of $5.3 billion per year. It is followed by Walmart Optical, which generates annual sales of over $1.4 billion ...
