All Article articles – Page 118
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Italian exports up by 5.6%, domestic sales off by 8% in first half 2012
Italian exports grew in the first half of 2012, except in Europe, and domestic sales were substantially down, though they account for only 20 percent of the total, saving the Italian eyewear industry from more severe damage in the current crisis. This is the overall message from the data communicated ...
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Essilor makes more acquisitions
Since the beginning of this year, Essilor has formed 22 partnerships with independent laboratories and similar players around the world. These so-called “bolt-on acquisitions” will generate extra annual revenues of about €94 million in the company's books.These acquisitions have allowed the French company to enter four emerging markets – Kenya, ...
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Adlens forms joint venture with Mondottica on variable focus
At the recent Silmo show in Paris, Adlens announced a joint venture with Mondottica, based in Hong Kong, to distribute its variable-focus glasses in Europe and Turkey. The chief executives of Adlens and Mondottica, respectively Michael C. Ferrara and Bernard Nuesser, have signed a memorandum of understanding to set up ...
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OBB points to slight decrease among independents
The Optical Business Barometer put out by Jobson Optical Research shows that the overall rating for business attitudes among independents stood at 3.6 in September, compared with a 3.7 rating for the months of June, July and August. The September ratings for 2011 and 2010 stood at 3.5 and 3.3, ...
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Both Hal and Luxottica are seemingly interested in Salmoiraghi
Luxottica is sending contradictory messages regarding its supposed interest in Salmoiraghi & Viganò, Italy's largest eyewear retailer with more than 500 stores and an estimated market share of 9 percent. The chain is currently owned by Dino Tabacchi, brother of the former main shareholder and president of Safilo, and by ...
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Marchon buys Scandinavian Eyewear
Scandinavian Eyewear is a market leader in the Nordic European countries. Its acquisition by Marchon Eyewear – at an undisclosed price – will allow the American company to consolidated its penetration of the Scandinavian with its own collections. It will also provide Scandinavian Eyewear with an extensive international sales network ...
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Contact lens penetration is low in Europe
According to the data discussed at the second European Contact Lens Forum (ECLF) in Amsterdam on Oct. 17, the penetration of contact lenses is still relatively low in Europe compared with other regions.While contact lens penetration stands at 15 percent in North America, driven mainly by the U.S., and 22 ...
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Menrad goes direct in Poland and Turkey
Ferdinand Menrad has taken over the distribution of its products in Poland and Turkey, adding to its numerous subsidiaries and joint ventures around the world. In another interesting initiative intended to maximize the revenues of its French subsidiary, the German eyewear producer has started to offer the Superdry line licensed ...
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Half of farsighted people don’t wear glasses, to preserve their image
Farsighted people hate glasses. Beyond a certain age, almost all French people admit to being farsighted, but just under half of them prefer not to wear glasses so as to preserve the image of eternal youth. This is the finding of a survey run by the Opinion Way Institute for ...
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A Silmo d’Or for linen glasses
After innovating with its carbon frames, an Italian eyewear manufacturer, Custom 6, has come up with frames made of linen fabric, which won it a Silmo d'Or award for technological innovation in frames through its international sales agent, Di Esse.A natural, transparent polymer is used to stick the strips of ...
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Private equity firm takes over Marcolin
A Paris-based private equity firm, PAI Partners, has reached an agreement with Marcolin's main shareholders to take over the company and try to delist it. PAI has agreed to buy 78.39 percent of Marcolin's capital from the Marcolin family; the Della Valle brothers, Diego and Andrea; and the businessman Antonio ...
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Luxottica sees improvement in southern Europe
Luxottica said that the situation in southern European markets has been improving, enabling it to book a sales increase of 9 percent in the third quarter for the whole of Western Europe.In a conference call, Luxottica's chief executive, Andrea Guerra, said that European markets are still progressing at different speeds, ...
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…and the other winners are…
At the opening night of the renowned French eyewear show on Oct. 4, this year's Silmo d'Or award winners were presented by Stella Cadente, this year's grand jury president. The awards ceremony was held at the Cité du Cinéma, a film studio created by the French film producer Luc Besson. ...
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Stable traffic at Silmo
At 34,696, the total number of visitors at the four-day trade show in Paris was almost the same as one year ago, but the number of French visitors increased and represented 45.2 percent of the total attendance, up from 44 percent last year. The score was relatively good considering transportation ...
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Luxottica wants to produce 100 million frames by 2015
Luxottica plans to invest €200 million over the next three years to increase manufacturing capacity in Italy, China, the U.S., Brazil and India to boost annual production to 100 million frames in 2015 from nearly 65 million in 2011.The investments also includes IT upgrades and other enhancements to reduce lead ...
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Synoptis partners with Optic 2000
The two French cooperative have joined forces to create COI Synoptis, a new structure aimed at improving buying conditions for their respective members. It will combine the purchases made by both group. Each entity in the partnership will remain independent. Created five years ago, Synoptis is a French economic interest ...
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Optic 2000 to rely on French manufacturing
Optic 2000 has announced that it wants to convey a socially responsible image by offering a wider range of frames that are made in France. Oxibis is the French manufacturer that the cooperative has chosen to produce its made-in-France frames, which currently represent a 20 percent share of the group's ...
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Luxottica’s founder fails to sell a 7% stake
Leonardo Del Vecchio, the founder, chairman and main shareholder of Luxottica, failed in his attempt to take advantage of 10-year highs in the company's share price to sell a 7 percent stake in the group.On Sept. 5, Del Vecchio's holding company, Delfin, announced that it had authorized Goldman Sachs, assisted ...
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Jobson and FittingBox pair up for North America
Jobson Healthcare Information, the company responsible for the monthly Optical Business Barometer in the U.S., has entered into a strategic partnership with FittingBox, the French company that provides interactive solutions for the eyewear industry. Through the new deal, they say they plan to bring the best digital services to the ...
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Oakley got a big kick from the Olympics
Combined with heavy spending on its “Beyond Reason” campaign, Oakley's strong visibility at the London Olympic Games has been a fantastic booster for the brand, considering the fact that it is now recording overall growth of between 15 and 20 percent in the Europe, Middle East and Africa (EMEA) region, ...
