All Article articles – Page 129
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Luxottica beats forecasts again
Luxottica ended the second quarter with a 2.4 percent rise in sales to €1,633.5 million and a net profit of €162.1 million, up by 8.0 percent, yet again beating market expectations. The sales figure was at the top end of the analysts' forecast range and net profits were about €4 ...
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Novartis’ vision care sales lifted by AirOptix
Sales of Novartis' vision care products rose by 10 percent to $630 million in the second quarter driven by double-digit growth registered by Ciba Vision's AirOptix contact lenses. At constant currency rates, the division's sales rose by 2 percent. Contact lens sales rose by 13 percent to $440 million but ...
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Marcolin returns to head Anfao and Mido
At a shareholders' meeting for Anfao and Mido on July 7, Cirillo Marcolin was named president, stepping in for Vittorio Tabacchi. He will serve a two-year term as president of those two organizations as well as for Fiamp, the Italian Federaion of Fashion and Personal Accessories. Marcolin is a past ...
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Bushnell creates an eyewear division, based in France
Based at Bushnell's European office at Suresnes near Paris, the new eyewear division of Bushnell Outdoor Products will be in charge of the Bollé, Bollé Safety, Cébé and Serengeti brands of eyewear owned by the American group on a global basis. The division will be run by Olivier Ciaravino, director ...
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European lobbying efforts go on
Vittorio Tabacchi, chairman of Eurom 1, and Bertrand de Limé, general manager of the organization, which groups all the national federations of suppliers of ophthalmic optic products, met members of the European Parliament earlier this month to ask for stricter European guidelines on eye tests for children and drivers.Generic criteria ...
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REM Eyewear fills several positions
REM Eyewear has appointed three people to fill roles that will help the company grow. Mitch Sebolsky is the new director of marketing, tailoring ad and awareness campaigns to each of the company's brands. His experience in marketing and communications includes the head of marketing at the denim company Rock ...
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New hybrid internet retailer starts in France
Evioo.com is a new click-and-mortar operation whereby the customers are invited to select the lenses and frames of their choice and to pick them up at the store of an optician in their neighborhood who will take care of the final fitting.Presented as the most extensive showroom of the kind ...
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Prices are going up, more or less selectively
Cost increases have been experienced by 84 percent of the vendors of ophthalmic optic products over the past 12 months, and 64 percent of them have decided to reflect them in one way or another in the prices that they are charging to retailers for their autumn/winter 2011-12 a collections, ...
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New management for Logo
Pierre Verrier has been dismissed as president and chief executive of Logo for mysterious reasons. He has sold his minority stake in the company, which he acquired after joining it in September 2008. The company's majority shareholder from the transportation sector, François André, has named a new general manager, Richard ...
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Rodenstock reorganizes in the U.S.
Rodenstock is creating a network of franchised lab partners in North America as part of its new corporate strategy there. The labs will manufacture the company's Impression free-form multifocal ophthalmic lenses. To make sure the lenses meet Rodenstock standards, it will require the labs to install a device to inspect ...
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New management for Allison, back in operating profit
Allison can finally see light at the end of the tunnel in terms of profitability, and is bringing in new management. Antonio Bortuzzo, who steered the group through a major reorganization from 2008, is passing the job of chief executive onto a finance specialist, Giorgio Antichi, while he prepares for ...
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CVI gets better margins, but market shares fall
For once, CooperVision is growing more slowly than the market. While global sales of soft contact lenses rose by 5 percent in constant currencies in the first three months of 2011, according to the Contact Lens Institute, those of CVI increased by only 4 percent in its second quarter, ended ...
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Drivers take widely different routes to get a license in Europe
Three European eyewear industry associations have put out a document recommending that the European Commission should harmonize the highly diverging visual screening standards for safe driving existing in the European Union by encouraging member states to adopt the criteria used by the best performing countries.The European Commission had set a ...
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Safilo’s growth may end up lower than expected
Equita, an Italian investment bank controlled by the U.S. private equity fund J.C. Flowers, has revised its forecasts for the two leading players in the international eyewear market, Safilo and Luxottica. Safilo's rating has gone down, while Luxottica's initial positive forecast has been confirmed.The analysis of Safilo's accounts has led ...
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Signature Eyewear remains profitable
Signature Eyewear posted its 22nd consecutive quarterly profit for the three-month period ended April 30, although there was a decrease in profits and sales from the same quarter a year ago. It has reported net income of $9,000 for the latest quarter, down from $157,000, while sales fell to $4.5 ...
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Marchon wins Ferragamo license, Safilo loses Valentino
Salvatore Ferragamo has decided not to renew its license agreement with Luxottica, with which it had a partnership since 1998, and now will join forces with Marchon. The Italian fashion group signed a five-year worldwide license agreement with the big American eyewear producer. The deal can be renewed for an ...
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Rodenstock returns to sales growth
Things are getting better for Rodenstock. The German producer of eyeglass lenses and spectacle frames managed to record a sales increase of 4.8 percent to €361 million in 2010 – the first increase since 2007. With revenues of €282 million, the business area of eyeglass lenses accounted for 78 percent ...
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LVMH invests in L’Amy, indirectly
L Capital, an investment fund controlled by the world's largest luxury goods group, has acquired a stake of 35 percent in TWC L'Amy, the French company formed from last year's takeover of L'Amy by TWC, a French producer of watches, jewelry and other accessories, for the most part licensed.L Capital ...
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Hoya Vision Care grows by 10% in Europe
The appreciation of the yen, whose value increased by 14 percent against the euro in the past year, had a negative effect on the results of Hoya Corporation, especially in the vision care segment where the company is very international-oriented.However, executives of the Japanese company feel that Hoya is being ...
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Marcolin’s sales rise by 12.3 percent
Marcolin booked a 12.3 percent increase in first-quarter sales to €64.6 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 11.4 percent. Turnover in Europe rose by 7.1 percent to €36.7 million driven by ...
