All Article articles – Page 138
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Signature Posts Lower Sales And Profits
Sales fell by 16.9 percent to $4.9 million for the third quarter ended July 31 at Signature Eyewear. Though the net income was down by just over a quarter at $115,000, the company noted that this was the 19th consecutive quarter of profitability. The company said the drop in sales ...
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Eurom 1 Elects Tabacchi As President, Lobbies The Eu On Many Issues
Vittorio Tabacchi, president of Mido and Anfao, was officially elected president of Eurom I, the European Federation of Precision Mechanical and Optical Industries. Former president and major shareholder of Safilo, Tabacchi takes over from Antoni Olivella, general manager of Indo, who will stay on as vice president of the organization, ...
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De Rigo's First-half Wholesale Revenues Up 16.5 Percent
De Rigo booked a 16.5 percent increase in wholesale revenues in the first half of 2010 thanks to strong sales growth in Asia and South America, and to its house brand Police. The group also enjoyed a recovery in luxury brands, which showed a 4 percent increase during the period. ...
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Sover In 3-year Deal With Laura Biagiotti
Sover has reached a three-year license agreement with the Italian designer Laura Biagiotti to produce and distribute women's sunglasses and prescription frames. The new collection will be unveiled during the Silmo trade show held in Paris on Sept. 23-26. The Laura Biagiotti license was previously held by the now bankrupt ...
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Marchon Enters Deal For Stylish 3d Glasses
Marchon Eyewear is entering the booming category by setting up a new Marchon3D business division, headed up by David Johnson, that aims to provide consumers with the best in 3D eyewear technology and design. For this purpose, it has agreed to buy the 3D assets of MicroVision Optical and struck ...
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Novartis' Ciba Vision Unit Has Good Results; Alcon Purchase Pending
The consumer health unit of Novartis, which includes CIBA Vision, has reported a 7 percent increase in net sales to $1.5 billion in the second quarter of 2010. The division's European sales were up by 5 percent to $600 million, with the strongest growth in France, the U.K. and Germany. ...
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Licensing Shuffle As Expiration Dates Approach
Marcolin has reached a preliminary contract for a worldwide five-year license agreement for sunglasses and prescription frames with the Diesel brand, owned by the eponymous Italian fashion group. The parties will aim to finalize the deal by Oct. 31. Safilo holds the license until Dec. 31 and had previously expressed ...
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Aspex Expands The Range Of Its Operations, Works With Pixeloptics
The Aspex Eyewear Group has been known so far mainly for its innovative technologies, such as its EasyClip magnetic clips, its EasyTwist memory metal eyewear and its TurboFlex spring hinges, which are marketed in more than 70 countries. The American company, founded by Nonu Ifergan in 1965, is now branching ...
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Luxottica Opens A Big New Concept Store In Melbourne
Luxottica has opened an eye-shaped superstore in Melbourne, Australia based on a new concept that is due to be rolled in Australia and in other countries, where it could bear other brand names. Conceived by a design consultancy called E2 and trading under the banner of OPSM, the big Australian ...
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Luxottica Books Record Second Quarter, Takes Control In Turkey
Luxottica booked its strongest quarter for both sales and profits in the three months to the end of June with growth in all segments and geographies, with the notable exception of Australia. In reporting its results for the second quarter, the company also announced that it had spent ...
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L'amy Is Changing Hands
It's not yet official, but an executive of the L'Amy Group said the French eyewear company is being taken over by another private French group, TWC, that specializes in watches. The purchase agreement was reached just before the owners of the two groups went on summer holidays. We were unable ...
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Christian Dalloz Sunoptics Is In A Recover Mode
Christian Dalloz Sunoptics, the French supplier of sophisticated sun lenses that went through a management buyout a few years ago, has been getting strong orders after the presentation of some exciting new products at the last Mido show in Milan, indicating the likelihood of a financial recovery. Already last ...
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Sunny Days, Literally And Figuratively, For U.K. Opticians
In the second quarter of the year, sunglasses sales in optical practices in the U.K. surged as a result of good, sunny weather. The market research firm GfK found that they reached £18.9 million (€22.8m-$30.1m), and May had more than 87,800 pairs of sunglasses sold through optical practices, for a ...
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Sauflon Has An Exclusive Regional Deal With Specsavers
The British contact lens manufacturer has its Australasian dance card full for the next 12 months through a new agreement whereby it will provide its products to Specsavers, and only Specsavers in the region. The situation is described as mostly a case of capacity. Sauflon just entered the Australian ...
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Safilo Enjoys Sharp Increase In Profitability
Safilo enjoyed a significant increase in profitability in the second quarter of the year but the company remains cautious about the rest of 2010 as consumer demand stays weak in Europe and the rebound seen in the U.S. could be flagging. Safilo beat market expectations by posting a 7.3 ...
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Hal Merges Pearle Europe And Grandvision
Firmly established as the second-largest optical retailer in the world after Luxottica through its multiple holdings in various countries, the Hal Group has decided to consolidate its two retail companies, Pearle Europe and GrandVision, into a single one and to place them under common management, capping 14 years of acquisitions ...
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Ital-lenti Shows Strength With New Technologies
Ital-Lenti has devised a new system for mounting lenses on sun and sports eyewear that works particularly well for face-hugging frames with a pronounced base curve, a style that usually has a higher risk of the lens breaking during the mounting process. The novelty of the Italian producer's Top ...
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U.S. Market Overall Slips
VisionWatch has released its look at vision care services and eyewear purchasing trends in the U.S., conducted by The Vision Council. This Consumer Barometer found that in the 12 months through June 2010, sales in the vision care market fell by 3 percent to $31.7 billion. Frames, which ...
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Indo Goes Into Chapter 11
Citing two years of poor consumer demand, credit restrictions and the inability to go ahead with unspecified planned divestitures, the board of directors of Indo decided last June 17 to file for voluntary Chapter 11 protection from creditors. Trading in the Spanish company's shares on the Madrid stock exchange has ...
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Luneau/Visionix Acquires Briot
After a capital increase that saw the entry of two new shareholders, Luneau Technology of France has a acquired Briot International and other parts of Buchmann Optical Holding, notably Weco and Rodenstock Instruments, forming a new powerhouse in the area of instruments for opticians with annual estimated sales of close ...
