All Article articles – Page 141
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Safilo Books A Stable Profit For The First Quarter
Safilo booked a net profit of €1.7 million in the first quarter, in line with the same quarter a year ago, in spite of a slight decline in sales. The bottom line was lower than the €4 million profit forecast by financial analysts but the group opted for a prudent ...
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New Chief And A New Development Phase For Briko
Carlo Bortoli, the Italian entrepreneur from the wine and publishing industries who took over this brand of snow sports and cycling products two years ago, has appointed Gianluca Pellegrinelli to replace him as chief executive, while remaining as an ?active? chairman of the company. A well-known personality of the Italian ...
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Fielmann Raises Investments To Gain Market Shares In Four Countries
Having reported its 2009 results, Fielmann is looking to the future, planning to invest more than €46 million this year and more than €48 million next year, compared with €41.1 million in 2009. Geographically, €40 million will be spent this year in Germany, €1 million in Austria and Poland, and ...
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Luxottica's First Quarter Was Hamstrung By A Temporary Drop In Gross Margin
Luxottica enjoyed a 6 percent rise in sales to €1.392 billion in the first quarter thanks to higher volumes and an improvement in the price mix. But the performance was dampened by a slip in the gross profit margin of its wholesale operations due to a change in accounting rules ...
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Hal's Optical Retail Empire Sees 10.1% Less Ebit As Comp Store Sales Fall By 1.6%
The optical retail companies owned by Hal Holding saw a 2.8 percent increase in revenues in 2009 to €2,032 million. Excluding currency effects that cost €59 million and acquisitions, which brought in extra revenues of €64 million, this was an increase of 2.5 percent. Comparable store sales at constant exchange ...
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Safilo's Former Chairman Bids For Eurom 1 Chairmanship
Just as he is leaving the operational chairmanship of Safilo, the company taken over by his father Guglielmo in 1934, Vittorio Tabacchi is largely expected to become the next chairman of Eurom 1, the European federation of national ophthalmic industry associations. He would take charge for a three-year period at ...
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Eurom 1 Urges European Authorities To Take A Stand On Better Vision
The change of chairmanship at the head of Eurom 1 will coincide with an important presentation that the organization plans to make to the members of the health and transport committees of the European Parliament in Strasbourg on July 6, in an effort to get the European Commission and the ...
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Orange 21 Is No Longer Trading On Nasdaq
Orange 21 is being removed from the Nasdaq stock market after failing to comply with its rules. Last September, the watchdog authority of this American stock exchange warned the parent company of Spy Optic that its share price had been trading below $1 for 30 days in a row, and ...
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Silicone Hydrogel Pushes Coopervision Above The Industry Average
CooperVision, a division of the Cooper Companies, has reported a sales increase of 2 percent to $215.9 million for the three months last Jan. 1, which corresponds to the first quarter of its new fiscal year. Revenues rose by 8 percent in terms of local currencies. They increased in most ...
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Thai Optical Boosts Capacity - After An Investment By Specsavers
Thai Optical Group has inaugurated a new 6,000-square-meter building and reorganized its production lines in order to raise its lens manufacturing capacity by about 20 percent, in tune with the increase in its incoming orders. Most of the additional capacity is going to be for mass production, but the ...
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Safilo Appoints Melchert Frans Groot Chairman
Following the recent recapitalisation of Safilo, a unit of Hal Holding, Multibrands Italy, has increased its stake in the world's second largest eyewear producer to 37.23 percent from about 2 percent, while the shareholding of Only 3T, the holding company of the Tabacchi family, has been diluted to 10.02 percent ...
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British Market Slumps, But Growth Is Expected To Return
Spending on optical goods fell by 2.2 percent in the U.K. in 2009, according to the Optical Goods and Eyecare UK report done in February by Mintel. Total consumer spending on these products went down to £2.65 billion (€2.98bn-$4.01bn). At current prices, this was an increase of 17 percent from ...
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Brulimar Proposes Sub-licenses In Italy, France And Germany
At the recent edition of the Mido show, Brulimar had some success in its search for commercial partners in other markets, to whom it is offering what it calls a «sub-license» for some of its brands. The nature of this sub-license leaves the partner with considerable freedom to manage distribution. ...
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Italy's Kentral Joins The European Garro Buying Group
Kentral, an Italian buying group established in 2007 by Salmoiraghi & Viganò and Vision Service to federate other independent optical retailers, has joined Garro, the European buying group created in 2006 by Guilde des Lunetiers of France and Cione of Spain. The result is a stronger international organization with 5,600 ...
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Made In Italy Label Splits Producers In The Cadore Region
The debate over the «made in Italy» label and the legislation that should protect it have split Sipao members in Italy's Cadore region. The local association of eyewear producers is now divided between the so-called «purists,» who want the Italian label of origin to be reserved for products made entirely ...
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Safilo To Double Sales With Hal; Diesel Licenses In Doubt
The management of Safilo believes that newly refinanced company can at least double its sales with Hal Holding, its new controlling shareholder and largest client, representing about 3.5 percent of its total turnover in 2009. The management of the Italian eyewear company also indicated that it could lose the Diesel ...
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Previously Settled, The Eschenbach-optigen Dispute Goes On Italian Tv
Channel 5 of the Italian television network has agreed to make a public declaration in favor of Eschenbach Optik after airing a program pointing to Italy's Optigen as the only company to have developed a reliable technology for the manufacture of flexible shape-retention titanium frames. The controversy was ...
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Marcolin's Sales Drop But Profits Rise
Marcolin ended 2009 with a 3.5 percent drop in sales to €180.3 million due to decline in some important foreign markets such as Spain and Russia. The company pursued an aggressive commercial policy in terms of discounts but the top line found some support from the roll-out of new collections ...
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Seiko Earns Less
Seiko reports an increase of 62.1 percent to ¥287 million (€2.3m-$3.1m) in the operating losses of its optical products business for the third quarter ended last Dec. 31, as its sales declined by 10.4 percent to ¥18.2 billion (€144.6m-$195.0m). The higher losses were attributed to poor sales in Japan and ...
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More Partnerships For Intercast Europe
Intercast Europe, known for its Trivex-based NXT lenses, is about to report on a major new partnership, similar to the one announced with Julbo and Shamir at the Mido show in Milan (see the previous issue of EWI). Meanwhile, the Italian company has announced a new client, Yuka, and reported ...
