All Article articles – Page 134
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Orange 21 Sells Manufacturing Unit
Orange 21 has sold for €15,000 a 90 percent stake in LEM, the Italian manufacturer of high-end injection-molded sunglasses that it had bought in 2005 from Riccardo Polinelli when the U.S. company went public. Two managers of LEM, Stefano Lodigiani and Claudio Marcassa, now have a 25 percent stake each ...
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Essilor Expands In China, Makes New Acquisitions
In one of several new transactions, Essilor International has acquired a 50 percent stake in Wanxin Optical, described as one of the three major Chinese manufacturers of ophthalmic lenses. Based in Danyang, north of Shanghai, it has annual sales of about €24 million, annual production of about 35 million lenses, ...
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After A New Wedding, Del Vecchio Halts The Reorganization Of Luxottica's Family Interests
The recent upheaval in the personal life of Luxottica's boss, Leonardo Del Vecchio, who has remarried his second wife, has upset plans for the reorganization of the equity of the family holding company, Luxembourg-based Delfin. Through this holding company, Del Vecchio has a huge 67.83 percent controlling share in Luxottica, ...
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Rodenstock Signs Restructuring Agreement With Creditors
After protracted discussions and negotiations, Rodenstock has finally come to a financial restructuring agreement with its creditors, which was officially announced Tueday, in time for the Opti München fair starting Friday. Bridgepoint Capital will remain the majority shareholder of Rodenstock with a 51 percent share, and the involved banks will ...
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Luxottica Reorganizes North American Management Team
Luxottica has thoroughly reorganized the management team of its North American retail and managed vision care divisions. The new organization involves new appointments and the creation of a management committee overseeing the two businesses. The committee is made up of executives from brands, manufacturing and managed vision care businesses and ...
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What Do Bmw And Lady Gaga Have In Common? Stylemark
Stylemark, parent company of Polaroid Eyewear, has announced a six-year licensing deal that will give it the right to develop and distribute a branded premium line of sunglasses and optical frames in certain markets, starting with China. Its new BMW Premium Eyewear collection will be introduced at the China International ...
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Luxottica Books Strong Fourth Quarter
Luxottica beat market expectations by reporting a 16.4 percent increase in sales to €1.347 billion in a preliminary statement for the fourth quarter ended last Dec. 31. On a similar currency basis, turnover rose by 6.5 percent, driven by the group's U.S. and Far East operations. In the U.S., where ...
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Buffard Gets The European Sublicense For John Lennon Eyewear
Eagle Eyewear, the American company that manages the John Lennon brand of eyewear named after the famous member of the Beatles, has decided to expand its presence in Europe. Over the past eight years the brand was distributed by a company called IFC, but from 2011 the European sublicense has ...
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Gerber Coburn Replaces Essilor With Huvits
Gerber Coburn and Essilor International have not renewed their agreement for the distribution of Essilor finishing equipment in the U.S., which expired on Dec. 31. Instead, Essilor has launched its new U.S.-based operation for the distribution of these products, while Gerber Coburn; which recently went through a management buyout, has ...
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Cooper Refinances Debt
Taking advantage of lower interest rates, Cooper Companies has refinanced its debt and expects the deal to trim earnings per share by $0.14 in the 2011 fiscal year. Excluding debt extinguishment costs of approximately $17.3 million the transaction would have to boost EPS by $0.08. Cooper has entered ...
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Oakley Wants To Double In Size Europe In Next Four Years
That's the goal set for Frank Heissat, the 42-year-old French manager who was appointed last May as vice president of Oakley EMEA, responsible for Europe, the Middle East and Africa. Strong growth is expected in both the optical and sports retail channels, which currently have roughly a 50-50 split in ...
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Krys Partners With Its Retail Members On Its E-commerce Platform
Krys launched on Jan. 24 its e-commerce platform. It will rely on the 850-odd stores affiliated with the French buying and franchising group for the delivery and fitting of prescription spectacles and the first-time purchase of contact lenses. It will only offer home delivery for ordinary sunglasses and repeat purchases ...
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J&J Settles With Novartis
Novartis's CIBA Vision division has reached a global settlement with Johnson & Johnson Vision Care to license CIBA's ?Nicholson' patents for silicone hydrogel contact lens technology. The terms of the agreement are confidential. The settlement ends ongoing litigation in the U.S. as well as several European countries. The ...
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Safilo Renews Two Licenses
Safilo has renewed until Dec. 31, 2015 a license agreement for prescription and sunglasses with Yves Saint Laurent (YSL) and prolonged a similar deal with Bottega Veneta until Dec 31, 2020. Both fashion brands are part of the Gucci Group and their licensing deals with Safilo were scheduled to expire ...
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Italian Fashion Accessory Shows Unite
Fiamp, the Italian federation grouping producers of many different kinds of fashion accessories, including eyewear, has created the brand ALL ACCESSories for use by its members as an umbrella name for their trade shows - Mido, Micam, Mifur and Mipel ? starting with their next sessions, which are all scheduled ...
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Full Merger Of Alcon And Novartis Is Set To Go Ahead
Alcon and Novartis have finally agreed on the terms by which Novartis will buy the Alcon shares it does not already own. The total consideration is valued at $168 per Alcon share, made up of Novartis shares and, if necessary, cash to make up the difference. The exact ratio is ...
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Borsalino's Exports Begin With France
Brands O.I., a company established to produce and distribute Borsalino eyewear, confirmed its plans and strategies at the recent Silmo show in Paris, just nine months after its arrival on the market (Eyewear Intelligence Vol. 11:2). France is the first foreign target market for the new eyewear line named after ...
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Lezoptics Typifies Chinese Companies Born Of Globalization
Hong Kong-based Lezoptics is a typical Chinese eyewear manufacturer, one of many that now make up Asia's industrial strength, a product of the globalization process and the bugbear of the eyewear industry. The group was established in 1985 by an investment fund that then entrusted it to a group of ...
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Luneau Consolidates Briot At Management Level
Daniel Peyrot, who has run Briot International for many years, has the left the company along with his commercial director, Eric Girbal, following the recent acquisition of the company by Luneau Technology, parent of Visionix. Marc Abitbol, president of Luneau, is now in charge of Briot as well. Jean-Jacques ...
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Vision Is Launches Centralized Settlements, Has New Plans In Korea
This highly selective Italian cooperative of franchised opticians has become even more selective in launching an experiment in centralized invoicing and settlements that will start next month, six months later than originally planned to fine-tune the program and to optimize its results. The initial test will only involve four unnamed ...
