All Article articles – Page 111
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CooperVision gains further market share in an accelerating market
CooperVision continued to outperform the global soft contact lens market in the third quarter of its financial year, ended on July 31. Its sales grew by 5 percent to $330.5 million during the period, as compared to the same quarter of 2012, with a 9 percent increase in terms of ...
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Essilor creates new unit to improve access to vision correction in emerging countries
Essilor International is launching “2.5 New Vision Generation,” a new division dedicated to facilitating access to vision correction in emerging countries. The move is part of the company's overall social business strategy to bring good vision in these countries.According to the French group, 2.5 billion people worldwide need vision correction, ...
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Essilor makes many new acquisitions
In the first half of 2013, Essilor acquired holdings in 15 different companies that generate annual sales of around €89 million. All expect three of these transactions were carried out in the faster-growing economies, and two of them allowed the group to enter the markets of Chile and Nepal.In Chile, ...
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The Kirks have new plans, after a change of control
Jason Kirk and his wife Karen have decided to launch a new line of glasses, called Kirk & Kirk, and filed a legal suit against Kirk Originals, the company that they had founded 22 years ago. The couple resigned from the management of the company on June 28, nearly one ...
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U.S. optical business rating rises in August, after July decline
The latest Optical Business Barometer (OBB) rose to 3.72 for August 2013. This compares to a July rating of 3.63, when it had registered a slight decline from a 3.69 rating in June. The barometer, which is compiled by Jobson Optical Research, is a monthly index that measures independent eyecare ...
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ATK buys Bushnell
Confirming an earlier report about its interest in the company, Alliant Techsystems (ATK), an American conglomerate that is thought to be the world's largest producer of ammunition for various types of weapons, has signed a definitive agreement to acquire Bushnell Group Holdings, the American supplier of performance eyewear, which has been ...
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Charity cycle rides in the U.K.
A series of cycling challenges have been boosting donations to charities in the U.K. this summer. A British optometrist, Gordon Ilett, cycled 500 miles from the Atlantic to the Mediterranean, via the Pyrenees, and raised £520 (€616-$832) for the fundraising initiative “Optoms Cycling for Sight.” Sponsored by Zeiss, the initiative, now ...
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Coastal is selling more glasses, online and offline
Coastal Contacts is developing an international network of physical stores after experimenting with temporary kiosks in shopping centers and more permanent stores operated by its LensWay subsidiary in Sweden over the past eight years. The big Canadian-based online retailer, which has been diversifying its offer from contact lenses to corrective ...
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Randazzo outlines its environmental savings
The Randazzo Group, an Italian optical retail group with 189 stores trading under the Optissimo and Corner Optique banners, has been experimenting in the past three years with a green business project – called “Zero Impact” – intended to provide significant savings in energy consumption and waste treatment. It has ...
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Essilor loses market share, profit is still high
Essilor International achieved stronger growth in the second quarter ended June 30 than in the first one, and the company reached a record profit margin for the first half. However, the growth is expected to decelerate in the second half of the year because of the termination of contracts with ...
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Essilor sees stronger growth in the medium segment
In spite of its temporary slowdown, Essilor International is enjoying an acceleration in the medium segment of the ophthalmic market, which it says is growing faster than other segments because of growing demand in emerging markets.According to company officials, the overall market is rising at rates of only 1 to ...
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Fielmann reports further progress
While the rest of the optical retail sector in Germany suffered a 2 percent decline in the number of glasses sold during the first half of 2013, Fielmann managed to raise its unit sales by 2 percent to 3.52 million pairs. Including VAT, its external sales grew by 3.7 percent ...
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Zeal Optics releases the world’s greenest sunglasses
Zeal Optics, an American company known for its environmental-friendly sunglasses, has announced the release of the world's first biodegradable sunglasses. Called Ace, the range has been developed over the past two years in collaboration with Mazzucchelli, a leading Italian supplier of eyewear components, from cotton grown in the U.S. The ...
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Higher profits for HAL
In the first six months of 2013, the optical retail companies that belong to HAL Holding registered sales increases of 1.2 percent on a same-store basis and 2.2 percent including new stores but excluding acquisitions and the effect of changes in currency exchange rates.In absolute terms, their sales went up ...
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New MD and many new lines for Mondottica
Mondottica International has announced licensing agreements in the last few days for several interesting new eyewear collections. Added to the numerous other lines in its portfolio, they should help this relatively young company, based in Hong Kong, to raise its turnover by around 30 percent next year.One of the new ...
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Essilor expects a payoff for 100% of Transitions
(This article is the same that we have posted in an e-mail blast to our subscribers when the news was announced) Essilor International has announced a widely expected agreement to buy the 51 percent stake it does not have in Transitions Optical from PPG Industries, as well as PPG's 100 ...
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No growth in the European market since 2008
Overall, the total volume of ophthalmic lenses sold in the last four years has not grown at all in the four major European countries, according to SWW Strategy with Vision (SWV). Mark Mackenzie, who heads up the international consultancy, predicts that the volume will increase at an average annual rate ...
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The London show scene heats up again
Britain's Association of Optometrists (AOP) has partnered with a national trade magazine, Optometry Today (OT), to support 100% Optical, a new eyewear show scheduled to be held in London on Feb. 16-18, 2014. The AOP is set to provide the contents for a continuous education program for its members during the ...
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Hoya has regained market share, partly aided by discounts
In terms of local currencies, Hoya's sales of eyeglass lenses were up by about 20 percent in Europe, Japan and the rest of Asia in the first quarter of its financial year, ended June 30, as compared to the same period a year ago. These were the areas where its ...
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B. Robinson licenses Revo from its new owners
B. Robinson is more or less doubling in size by taking on the global license for Revo sunglasses and related products. The deal follows the acquisition of the Revo brand from Oakley and its parent company, Luxottica, by an American firm, Sequential Brand Group, that specializes in marketing and licensing ...
