All Article articles – Page 126
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CooperVision plans to invest in China
Commenting on excellent results for the fourth quarter and the financial year ended last Oct. 31, which showed increased profitability and market share gains, the management of CooperVision (CVI) indicated that it plans to invest about $5 million this year to develop its business in China.In the latest quarter, CVI's ...
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Progress and new strategies at Fedon
Fedon continues to progress after the difficulties experienced over the past four years. The Italian company, which produces eyewear cases for the major players in the industry, closed the first nine months of this year with sales up by 5.8 percent year on year, reaching a level of €41.9 million ...
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De Rigo’s wholesale up by 10.5%
No regrets for De Rigo at the loss of the Céline license to Safilo, which has enabled the latter to make up for the far more serious loss of Armani. Céline represented around 3 percent of De Rigo's turnover, but this figure should be compensated for by two new licenses ...
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Safilo acquires Polaroid Eyewear
A couple of days after admitting the loss of the Armani licenses, Safilo announced an agreement to take over Polaroid Eyewear with the help of its main shareholder, Hal Holding. Combined with the acquisition of a license for Céline eyewear, previously held by De Rigo, it should offset about half ...
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Antonio Bortuzzo will run Mikli International
Three different managing directors have run the Alain Mikli International Group in the past few years, and the management turnover has not finished. A 51-year-old Italian manager with a strong track record, Antonio Bortuzzo, has now been appointed as Mikli's new chief executive, with an ambitious goal of tripling the ...
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Armani drops Safilo and switches to Luxottica
Safilo admitted last week that it has lost the battle to retain the key A/X Armani Exchange, Emporio Armani and Giorgio Armani licenses expiring at the end of 2012. The Italian fashion group is now ready to re-embrace its former licensee, Luxottica, with which it previously had a 15-year partnership.In ...
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Marcolin lifted by top-tier brands, Asia
In the first nine months of 2011, Marcolin booked an 8.8 percent rise in sales to €169.0 million, driven by growth in fashion and luxury brands and the launch of the new Swarovski line. On a currency-neutral basis, sales were up by 10.7 percent.In Europe, the company's turnover rose by ...
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Safilo booked a loss in the third quarter
After making profits in the first half of the year, Safilo finished the third quarter with a €4.7 million loss stemming from weaker sales and the impact of foreign exchange adjustments. The top line slipped by 3.2 percent to €230.2 million due to negative exchange rates and the disposal of ...
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Nicodesign sets its sights on Brazil
The emerging markets of Latin America are starting to attract Italy's medium-sized eyewear producers, in spite of prohibitive customs duties: 100 percent on acetate and 120 percent on metal. An Italian company, Nicodesign, has consequently identified a chain of luxury stores in which it can position its Made in Italy ...
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Pramaor targets Brazil differently
Like many European eyewear companies, Pramaor is also looking to expand into the promising Brazilian market, in spite of the customs barriers that double the price of the finished product, with duties of 100 to 120 percent respectively on acetate and metal. Calculated on the wholesale price plus transportation costs, ...
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Fielmann gains more market share
While the German optical retail market declined by an estimated 1 percent in terms of units in the first nine months of this year, Fielmann managed to post a 4.2 percent increase in units sold over the same period, reaching a new record of 5.0 million pairs of glasses.Sales in ...
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The industry recovers from the Thai floods
Hoya Vision Care's recovery from the floods in Thailand is coming along faster than expected. The Japanese company had said a few days ago that it was expecting to resume operations yesterday at its production facility in Pathumthani near Bangkok, which have been stopped last Nov. 2. It also ...
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Hoya shipped more lenses prior to the floods
In releasing its quarterly results last Oct. 31, Hoya Corporation said its shipments of eyeglass lenses increased overall in the three months ended Sept. 30, corresponding to the second quarter of its financial year. They rose especially in Europe, which is the company's single largest market for this kind of ...
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New online shop starts up in France
Customers can now log into the beta version of Sensee.com, the new virtual optical retail store developed by Marc Simoncini, the French entrepreneur who 10 years ago founded Meetic, the leading European dating and chatting website, and then sold it with a major capital gain. It has stated a goal ...
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Luxottica grows by 10% currency-neutral
Luxottica ended the third quarter with a 4.0 percent rise in sales to €1,532.8 million and an adjusted net profit of €111.2 million, up by 9.1 percent, yet again beating market expectations. Taking into account exceptional items, the bottom line rose by 4.1 percent to €106.1 million. At constant currency ...
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Italian exports grew by 15% in the first half
The definitive figures for the first half are slightly lower than the forecast that we had already reported last month (EyeWear Intelligence, vol. 12, N° 11-12), but they confirm the general trend. Compared with the same period last year, Italy's eyewear exports for the period January-June 2011 were up by ...
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Safilo see the market growing by 4.2% a year
Safilo forecast that the worldwide market for frames and sunglasses will rise by an average 4.2 percent a year until the end of 2015, when wholesale revenues should reach €11.5 billion compared with €9.4 billion in 2010.Growth will be driven by emerging markets, where the increase will average 9.2 percent ...
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Safilo wonders about its Armani deal as it lays out its business plan
Safilo is waiting for Giorgio Armani's answer regarding the renewal of the A/X Armani Exchange, Emporio Armani and Giorgio Armani licensing deal, which is scheduled to expire at the end of 2012. While Marchon and other firms are said to have been vying for this hot property, which would strongly ...
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PPG is bullish about Tribrid
Officials of some major lens companies and laboratories have given a thumbs-up to PPG Industries for the launch of its new hybrid lens material, Tribrid, which combines some of the properties of Trivex with those of more fragile higher-index monomers. Officials of PPG are very optimistic about its future market ...
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Essilor sees accelerating growth
Pointing out that it is gaining market shares in a sector that is still growing in spite of the uncertain economic conditions, Essilor International's management feels confident that it will maintain its profit margins this year on growth of between 6 and 8 percent including the bolt-on acquisition of optical ...
