All Article articles – Page 122
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Coach, house brands and emerging markets lift Luxottica’s sales
Luxottica has increased its forecast of global revenues from the Coach license to $60 million this year from a previous estimate of $45-50 million thanks to a strong launch in North America. The group has just introduced the label in Asia, which is expected to represent 10-15 percent of sales ...
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Marchon buys Dragon
The big licensee of Nike eyewear is significantly increasing its presence in the action sports market with its acquisition of Dragon Alliance, a well-known specialist in the category.Dragon designs and sells innovative sunglasses and goggles for motor sports and snow sports. It recently introduced an interesting frameless ski goggle ...
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Hoya sees Thai capacity restored by September
Sales and profits declined markedly in Hoya Corporation's Life Care segment, which includes vision care products, during the fourth quarter of its financial year, ended on March 31. The segment's pre-tax profit margin fell to 9.8 percent in the period from 15.5 percent in the same quarter a year ago, ...
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Lost licenses cause job losses, lower sales at Safilo
Safilo plans to eliminate up to 1,000 jobs, representing nearly a third of its workforce in the northeastern part of Italy, justifying the move with the recent decision by Giorgio Armani's fashion house to transfer its licenses to Luxottica. Safilo holds the A/X Armani Exchange, Emporio Armani and Giorgio Armani ...
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Vision requirements change for U.K. drivers
Britain's Driver and Vehicle Licensing Agency has adopted a visual acuity standard for drivers of cars and motorcycles after years of campaigning from the eye care industry. Drivers must have a visual acuity of 6/12 and be able to read the number plate test, and be able to pass the ...
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Europe weighs on Marcolin’s results
Marcolin booked a 0.6 percent drop in revenues to €63.5 million in the first quarter as sales fell sharply in Europe due to the difficult economic situation in Italy, Portugal, Spain and Greece. At constant currency rates, the decline in the top line widened to 1.9 percent.In Europe, the company's ...
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A look at the Korean industry and market
South Korea is a particularly interesting emerging market, with a population of 48.5 million earning an average of $2,000 a month, and only 2.9 percent of people below the poverty line, compared with 3.5 percent in Italy, for example. The Republic of Korea ranks 12th in terms of GDP with ...
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Luxottica takes over the rest of Sun Planet
The company also will buy 120 Sun Planet stores in Spain and Portugal. The transaction has an enterprise value of about €20 million and is scheduled to be closed in the third quarter of 2012. The chain operates 90 stores in Spain and 30 in Portugal and generated sales of ...
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Immagine Eyewear down 20% on the domestic market
Immagine Eyewear has suffered badly from the recession on the Italian market, with sales down by 20 percent. Domestic sales represent 40 percent of the Italian company's total turnover, which reached €3.5 million thanks to better performance from exports. The company has had to take measures such as cutting down ...
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Essilor grew by 23.6% in first quarter
Many factors contributed to the fantastic jump of 23.6 percent to €1,269.9 million reported last week by Essilor in its sales for the first quarter, compared with the year-ago period. Acquisitions contributed 12.5 percentage points to the growth, including 3.3 percentage points from Shamir Optical and Stylemark. An additional 2.6 ...
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Fielmann raised sales by 6.5% in first quarter
Fielmann reported a very positive first quarter 2012, with an increase in sales of 6.1 percent overall. Consolidated sales went up to €271.5 million. Unit sales were up by 4.6 percent to 1.7 million glasses.Margins improved, as the leading German optical retailer saw an increase in pre-tax profit of 7.3 ...
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More acquisitions by Essilor
Essilor made 11 acquisitions during the first quarter of 2012, representing additional annual revenues of €52 million. Eight of them were carried out in the fast-growing emerging markets of Latin America, the Mediterranean basin, the Middle East and Asia.In Latin America, the company acquired a majority stake in Crystal y ...
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Alain Mikli stores will become more specialized opticians
Alain Mikli International is going through an interesting phase of transformation under the management of Antonio Bortuzzo, the Italian executive who led a major strategic reorientation at Marcolin and then at Allison. He was appointed chief executive of the French company last autumn.The challenge is to turn Alain Mikli into ...
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Hoya and Seiko discuss an alliance in eyewear
Hoya Vision Care confirmed on April 2 that it had reopened its Thai manufacturing facility in Ayutthaya according to plan, starting with limited volumes of lenses that will gradually increase over the next months. The big facility had been at a standstill since last October because of extensive flooding that ...
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Latin America is the new eldorado for vision care
Essilor sees the market for ophthalmic lenses more than doubling in value over the next 10 years in Brazil and the rest of Latin America. In terms of volume alone, the consumption of lenses is expected to grow from 100 million in 2010 to 140-180 million units, but their added ...
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Survey finds Americans skimping on eye protection
Eighty-five percent of Americans say they think that eye protection is important to their good health, yet fewer than two-thirds of them regularly wear protective eyewear when they're outdoors. The number falls to just a third of people aged 18-24. The survey, which was conducted by N3L Optics, a retailer ...
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Fielmann is looking for larger sales areas
Fielmann Consolidated Income Statement('000 Euros, Three months ended March 31)20122011% ChangeGermany224,8XX213,4XX5.3Switzerland34,5XX30,6XX12.7Austria14,8XX14,0XX5.7Other6,8XX6,9XX1.4Total271.498255.8866.1Other Operating Income2.2522.1315.7Cost of Goods61.38754.23613.2Personnel Costs109.171101.3017.8Depreciation8.6548.4492.4Other Operating Expense54.62055.233-1.1Net Interest429661-35.1Tax13.27512.1079.6NET32.68630.7496.3Earnings/Share (Diluted)0.780.736.8 Fielmann has presented its annual report for 2011, reporting an increase in its pre-tax income of 1.6 percent to €172.9 million. Its consolidated sales rose by 6 percent to €1.053 ...
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Pince-nez glasses are back
Pince-nez spectacles were the 19th-century glasses that distinguished professionals and aristocrats. Spectacles with no temples that clip onto the nose actually made their first appearance at the end of the 13th century. They were rediscovered two years ago by two Austrian eyewear specialists, Gerald and Martin Lasnik, who now produce ...
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Eyeglass wearers want the best, but don’t know what that is
PPG Industries has sponsored a survey that found that consumers aren't entirely familiar with their options when it comes to choosing lenses for their eyewear. They know they want a combination of certain attributes, but aren't receiving sufficient information from their eye care professionals. The problem is apparently increasing. In ...
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Hoya goes direct in fast-growing Brazil
Hoya has acquired full ownership of its long-standing distributor in Brazil, Optotal, giving the Japanese company a strong footprint in South America and setting the stage for what the company describes as “aggressive” expansion in the fast-growing Brazilian market.With a staff of about 400 people, Optotal has been growing at ...
