All Article articles – Page 136
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Zilli Launches New Luxury Eyewear Line With Eric Jean
Zilli is a 40-year-old French fashion house specializing in the development of luxurious clothing and accessories for men, including shoes, luggage and small leathergoods sold partly through its 30 boutiques around the world. Based in Lyon, it generates 85 percent of its annual turnover of about €60 million in about ...
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Hoya Reaches High Margins But Expects A Slowdown
The operating margin of Hoya Corporation's vision care operations reached a 12-month record of 23.9 percent in its second quarter ended Sept. 30, but the group is forecasting a drop to 20.9 percent in the third and fourth quarters of its financial year. As most of its eyeglass lenses are ...
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Moneywise, Uvex Has Its Eyes Wide Open
In its fiscal year 2009-10, which ended July 31, the Uvex group increased its sales by 5 percent to €304 million as compared to the previous period. This came after a hefty decrease from €311 in the record 2007-08 year after which especially affected the German company's industrial safety unit ...
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Gatorz' Purchase Of No Fear Is Ok'ed
Gatorz, an American producer of performance eyeglasses and goggles, has been approved to acquire No Fear Retail Stores, responding to a previous offer, but the transaction is a case of all in the same family. No Fear has 53 stores in seven U.S. states, controlled by Simo Holdings, which previously ...
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Fielmann Improves Its Position In A Strangely Lackluster German Market
Fielmann reports that it has met its targets for the first nine months of 2010. For the third quarter alone, total external revenues grew by 4.8 percent to €302.9 million and group turnover rose by 4.9 percent to €260.3 million. Pre-tax profit grew by 10.0 percent to €50.8 million, and ...
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Turnaround And New Managers At Mikli
Preliminary results for the financial year ended last Aug. 31 indicate that Alain Mikli achieved an operating margin of about 12 percent and that its sales grew by more than 11 percent in euros and by around 15 percent currency-neutral, without including the operations of Vuarnet Eyewear, in which Mikli ...
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Essilor Continued Its Growth In The 3rd Quarter
Confronted with an erratic and scattered recovery of the market, Essilor International continues to invest in the development of new products for the higher-end segment in the mature market and the medium segment in the emerging markets. In releasing its sales results for the nine months ended Sept. 30, ...
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Essilor Will Buy 50% Of Shamir
Essilor International has signed an agreement for the acquisition of a 50 percent stake in Shamir Optical Industry, the Israeli lens producer, leaving the Kibbutz Shamir cooperative in ownership of the other half. The deal confirms earlier reports of discussions and negotiations between the two companies, but the fact that ...
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The Founder Of Grandvision And Acuitis Invests In Beausoleil
Daniel Abittan, the visionary founder of GrandVision who launched the new Acuitis store concept for audio frames earlier this year, has acquired a minority stake in the company of Frédéric Beausoleil, the well-known French eyewear designer, along with two other investors, Marcel Cesar and Manuel Conejero, who worked with him ...
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Luxottica Ups Its Full-year Guidance After A Strong Quarter
Luxottica forecasts that its net profit may reach €400 million for the current financial year, representing an increase of about 27 percent over 2009's bottom line of €315 million. The estimate is an improvement on the company's previous guidance, which aimed at a mid-single-digit growth in sales and net profits ...
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Area Is Back In Line After A Negative Half Year
The year 2010 has been a difficult one for the Italian company Area for a number of reasons: a bad first half and the lingering effects of the global recession, for example, but also because internal difficulties prevented the company from taking advantage of the subsequent market upturn. The management ...
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Alcon's Revenues Grew In The Third Quarter
Alcon had a 9.0 percent increase in global sales to $1.76 billion for the third quarter of 2010. Revenue from acquisitions added 0.7 percentage points to sales growth in the quarter, while foreign currency fluctuations reduced reported sales growth by 0.4 percentage points. Net earnings for the quarter were ...
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Allison Rethinks Distribution
Allison traditionally uses selected distribution for specific products, but is currently changing its strategy and entering new distribution channels. In the U.K. the group has signed an agreement with Atlantic Optical for the Westwood collections, while in France, the Benetton children's collection will be offered in the 1,000 stores belonging ...
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Bbgr Appoints A New President And Wins A Silmo D'or
Frédéric Mathieu became on Oct. 1 the new president of BBGR, responsible for France and for the development of the European operations of this big subsidiary of Essilor International. He replaces Laurent Schmitt, who is going back to Italy, where he worked before. Schmitt will act there as vice president ...
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Rodenstock's Ceo Quits As Richemont's Shareholders Back Out Of A Deal
Olaf Goettgens resigned as chief executive of Rodenstock at the end of September after plans to recapitalize the beleaguered Munich-based producer of ophthalmic lenses and frames failed. As a stop-gap solution, the company has appointed Peter Korfer-Schun, chief executive of a German plumbing equipment group, Grohe AG, as adviser with ...
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Marketing: Sola Sunlens Becomes Optics By Carl Zeiss Vision
Carl Zeiss Vision sun lenses no longer have the word «Sola» in the brand name. Sola Sunlens is changing identity and becoming Optics by Carl Zeiss Vision. But the name of the old American group that Carl Zeiss acquired in 2005 will remain for the prescription lenses that will continue ...
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Luxottica Will Issue First Public Bond
For the first time, Luxottica is issuing a public bond to diversify its financing sources, which are skewed toward banking loans, and extend the average maturity of its debt. The bond is due to be sold to institutional investors by the end of January but there is speculation that the ...
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Carl Zeiss Vision Completes Its Refinancing
As of Oct. 1, Carl Zeiss AG has 100 percent control over Carl Zeiss Vision following its acquisition of the voting rights of EQT, the private equity company that had had a 50 percent interest in the big German-based lens supplier. Starting with the 2010-11 fiscal year, Carl ...
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Europarliament Drops Mandatory Origin Labeling For Eyewear
The European Parliament approved last week the introduction of mandatory origin labeling for certain goods for five years but dropped eyewear from the list of products covered by the bill. Two Italian members of Parliament had proposed including ophthalmic and contact lenses as well as eyewear as manufactured goods compelled ...
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Marchon Makes New Important Moves
While pushing forward its 3D technology, the American company is boosting its European operations. Among other moves, Marchon Eyewear has set up its own fully owned subsidiary in Lisbon to serve the Portuguese market, where its products were distributed by Essilor. More than 10 agents will work for Marchon Portugal, ...
