All Article articles – Page 119
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Face à Face launches a trendy Wow brand
Wow is a more affordable, unisex line of eyewear that will be presented at Silmo later this week by Face à Face, the French brand of high-end women's glasses. Designed by the same team, led by Nadine Roth and Pascal Jaulent, it will be manufactured by several producers in Italy's ...
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Brazilian price cuts may spur consumption, but hurt margins
Some of the major international brands of eyewear lowered their prices last spring or softened their conditions on the Brazilian market, giving more credit to retailers, in order to keep their momentum going in spite of a general decline in the growth of private consumption, and to raise or maintain ...
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Coastal Contacts grows modestly
Coastal Contacts had mixed sales results for the third fiscal quarter ended July 31. Total sales were 50.3 million Canadian dollars (€39.4m-$50.9m), a 1.6 percent increase from the year-ago period. The company registered a net loss of C$1.9 million (€1.5m-$1.9m), up from a loss of C$1.5 million in the prior ...
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CooperVision keeps outperforming the market
The global market for soft contact lenses grew at an estimated rate of 5 percent on a constant-currency basis in the three months ended June 30, according to the Contact Lens Institute (CLI), reaching a level of $1,836 million. At CooperVision (CVI), sales grew by 9 percent during the company's ...
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ESA will work with The Vision Council
The European Sunglass Association (ESA) is expected to publicly announce at the Silmo show in Paris tomorrow a joint operating agreement with The Vision Council, the big American optical industry organization, previously called Vision Council of America, that annexed the former Sunglass Association of America at the beginning of 2008.ESA ...
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Spy restructures debt
Spy Inc. and Spy Optic, Spy's wholly-owned subsidiary, have entered into two rather complex transactions to restructure their debt. The first was an amendment to their existing debt instruments issued by Spy Optic to Costa Brava Partnership III and the entry into a registration rights agreement with Costa Brava. The ...
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Eye strain is an increasing problem in a digital world
The Vision Council in the U.S. has put out a new report called “Keeping Your Eyes Safe in a Digital Age,” which finds that almost 70 percent of American adults have some form of eye strain while using digital devices. The use of digital devices such as televisions, computers, tablets ...
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Profits double for Fedon
It was a positive first half for Giorgio Fedon, which seems to have consolidated its position as the leading European producer of eyewear cases since the change of ownership of its rival, Gatto Astucci, which has declined to comment on its performance.The financial results published by Fedon for the six ...
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Maui Jim launches Zeal Optics in Europe
Maui Jim will not have a stand at the Silmo fair this week, but it will be using the show as a platform to introduce the Zeal Optics brand to European opticians through a dedicated stand in Hall 6 of the fair. Maui Jim's six sales offices in various European ...
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Hoya launches its new progressive lenses
Hoya Lens announced the launch of a new range of free-form progressive lenses at a special Hoya symposium that took place on Sept. 10-12 in Berlin.The new Hoyalux iD LifeStyle V+ is part of the company's range of customized, free-form progressive lenses and replaces its Hoyalux iD Lifestyle lenses. Its ...
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Safilo boosts quarterly sales to GrandVision by 41%
Safilo's sales to GrandVision rose by 41 percent during the second quarter, as the parties are generating more Luxottica-like synergies among the supply chain in an increasingly verticalized market context. GrandVision is owned by the Dutch conglomerate Hal, which is also Safilo's main shareholder. At the end of 2011, GrandVision ...
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Bruno Famaceutici acquires Safilens
Safilens, a 12-year-old Italian producer of contact lenses, has been acquired by an Italian pharmaceutical group, Bruno Farmaceutici, at an undisclosed price. Bruno Farmaceutici, which has a very wide product range and turned over €61 million in 2011, was in turn acquired in 1996 by Antonio Bruno – now chairman ...
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Hoya signs license with Zeiss after its U.S. victory against Signet
Hoya Corporation has signed a license agreement with Carl Zeiss Vision for its U.S. and Australian patents for back-surface free-from progressive lenses and the processes used to make them. In particular, the deal concerns progressive lenses whose front surfaces are rotationally symmetric with the back-surface design determined by individual prescriptions ...
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Safilo appoints new board of directors
Safilo's annual shareholders meeting saw the reappointment of Roberto Vedovotto as the group's chief executive. Vedovotto has been the company's managing director since December 2008. He has served as co-chief executive officer since 2002. The position of chairman of the board will be held by Robert Polet, former president of ...
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Spy will close its European sales office
After selling its LEM laboratory in Varese, Spy Inc. has decided to shut down its European office in Italy and to move to a distribution model in the region. Combined with layoffs in North America, this will result in the elimination of 20 jobs, resulting in a one-time charge of ...
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Hoya comments on a very profitable quarter
In presenting its results for the first quarter ended June 30, the management of Hoya Corporation said on Aug. 6 that 70 percent of its production capacity for free-form lenses in Thailand had been restored and that it should be completely normalized by late September. The shortfall has been largely ...
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Dino Tabacchi seeks minority partner for Salmoiraghi
Dino Tabacchi is seeking a buyer for a minority stake in Salmoiraghi & Viganò, the leading Italian optical retail chain of which he is currently the sole owner. Dino Tabacchi acquired the chain when he was still vice-chairman of Safilo, on June 25, 2002. De Rigo had also shown interest ...
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Marcolin’s sales and profits drop slightly
In the first half ended June 30, Marcolin registered a decrease in net sales of 2.7 percent to €121.5 million, or 5.1 percent off at constant exchange rates from the same period last year. The slight decline was said to be heavily influenced by the weakness of the macroeconomic scenario ...
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Essilor launches a new range of Varilux lenses
Essilor has announced the launch of a new range of progressive lenses, the Varilux S series, based on new technologies that are intended to enlarge the field of vision for presbyopes without amplifying the swim effect, while reducing the time that they need to adapt to a new environment. Available ...
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Essilor marches on with sales and profits
Last Friday, Essilor reported a 16.4 percent increase in net profit to €300.6 million for the first half ended June 30. Sales rose by 22.8 percent to €2,530.5 million, driven by new higher-margin products, rising demand in emerging markets, the weaker euro and the usual spate of acquisitions.The operating margin ...
