All Article articles – Page 142
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Shamir's Sales Go Up By A Quarter
Revenues jumped by 27.2 percent in the fourth quarter for Shamir Optical Industry, hitting $37.1 million. The Israeli company's operating income went up by 55.6 percent to $4.5 million, for an operating margin of 12.3 percent compared with 10.0 percent in 2008. Net income more than doubled, rising by 132.8 ...
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Italian Eyewear Companies Saw Their Sales Drop By 13.3% In 2009
The revenues of the Italian eyewear industry collapsed by 13.3 percent to €2.251 billion in 2009, mainly because of the economic crisis. The number of workers in the industry shrank to 16,600 from 17,500 in 2008 and the number of companies fell to 950 from 1,005. Exports decreased ...
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De Rigo Sees 2010 Wholesale Revenues Returning To 2008 The Level
Last year, De Rigo experienced a 10 percent dip in wholesale revenues to €160 million due the economic crisis and adverse currency fluctuations, but aims to return to the 2008 level of €178 million as soon as this year. The group's retail revenues were only slightly lower on ...
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Luxottica Sees 2010 Sales Up Around 5% On A Same-store Basis
Luxottica expects sales to post a «mid-single digit» increase in 2010, while operating income will enjoy twice the growth pace of revenues and net profits will rise three times faster. The forecasts are based on constant exchange rates and excluding non-recurrent items. Growth will be patchy, with Western economies showing ...
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Safilo's Capital Hike Is 81.87 Percent Subscribed
The Hal Holding group bought 388.7 million newly issued shares of Safilo for a total €118.1 million during Safilo's €250 million previously reported rights issue, which ended on Feb. 26. The issue was 81.87 percent subscribed, raising a total of €204.7 million, and financial analysts are upbeat about the company's ...
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Big Action Around The New York Show
International Vision Expo East, being held on March 19-21, reports that more than 15,200 visitors have pre-registered, about the same as last year. Organizers say that, typically, more than half of all attendees register in the six weeks before the show. The Italian Trade Commission (ICE) and Anfao ...
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U.S. Anti-trust Authorities Lead Transitions To Change Its Practices
Transitions Optical announced that it reached a preliminary agreement with the U.S. Federal Trade Commission (FTC) on March 2 that will lead the company to change some of its business practices for the sale of photochromic lenses, coatings and other products in the U.S., notably regarding some of its exclusive ...
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An Optimistic Essilor Will Expand In The Medium Segment With Signet Armorlite
While sanctioning Transitions Optical, which is jointly owned by Essilor and PPG Industries, the U.S. Federal Trade Commission gave earlier this week its long-awaited approval to Essilor's acquisition of Signet Armorlite, a U.S. company that brings with it some important patents and an annual volume of about 10 million lenses. ...
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Bbgr Re-launches Galileo In Italy
Named after the famous Italian astronomer, Galileo is a magic name in the Italian eyewear sector, still enjoying an assisted notoriety rate of 59 percent. Founded by an astronomer in Florence in 1836, the company bearing this name had market share of almost 40 percent in the Italian ophthalmic lens ...
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Indo Improves Margins In Spite Of A Big Drop In Revenues
Indo Internacional has reported a 21.9 percent drop in its turnover to €92.8 million for the 2009 financial year, but it managed to post an operating profit of €7.7 million before amortization and depreciation (Ebitda), compared with an Ebitda loss of €2.4 million in the previous year. Thanks in part ...
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Maui Jim Boost Its Management, Makes Peace With Shi
Sunglass Hut International represented annual sales of about $100 million at the retail level for Maui Jim. Last October, the Hawaian-inspired company decided to stop supplying products to the chain, controlled by Luxottica, claiming that its products were not being properly merchandised. The relationship resumed in January after SGH gave ...
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Charmant Gets The Trussardi Licenses Previously Held By Visibilia
Charmant has announced a global licensing agreement for the production and distribution of prescription frames and sunglasses under the Tru Trussardi and Trussardi 1911 brand names. The Italian fashion house plans to show Charmant's first styles during the Italian men's fashion week in June. The Japanese company will present a ...
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Julbo Collaborates With Intercast And Shamir On Special Sunglasses
Julbo is launching its first line of corrective sports and sunglasses in a partnership with Intercast Europe and the surfacing laboratory of Shamir in Portugal. Launched at the Mido show in Milan last week, the line uses Intercast's latest line of shock-absorbing NXT lenses with photochromic and other properties. They ...
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Mido Confirms The Recovery Of The Industry
The organizers of Mido are happy with attendance figures as they remained largely stable as compared to last year with 42,000 visitors to the Milan show, which celebrated its 40th anniversary last week. There was a 5.5 percent increase in visitors from outside Italy. On the first day, Friday, attendance ...
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Eyes And More Takes Over Mister Optik's Italian Store Network
A Dutch-based low-cost optical retailer, Eyes and More, is taking over the store network of an Italian peer, Mister Optik, for about for about €10 million. The Dutch company, which has also a store in Belgium and 32 franchised stores in Germany, has retained Matteo Sorrentino as its general manager, ...
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Fgx Posts Good Results
FGX International has reported a 5 percent sales increase to $64.7 million for the fourth quarter ended Jan. 2, while income from continuing operations grew by 9 percent to $7.5 million. Adjusted to exclude $1.9 million in transaction costs related to the company's merger with a subsidiary of Essilor, the ...
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Cebe Should Help Bushnell To Get Over The $400 Million Mark
Bushnell Outdoor Products will use the existing sales network of Bollé in an initial phase to relaunch the Cébé brand of sports eyewear, goggles and helmets, which it took over from Marcolin in May 2009. The brand has remained out of the market since December 2007 with the notable exception ...
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Labor Costs Go Up By 7.7 % For The Italian Eyewear Industry
Italy's eyewear industry will gradually implement a 7.7 percent increase in wages under a new national labor contract for 2010-2013 that compensates for inflation in the past two years. This represents an average of €105 a month on a worker's pay cheque. It brings the average gross pay ...
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Alliance Optique Acquires Rev
The acquisition of a majority stake in Rev allows Alliance Optique to raise their combined share of the French optical retail market to an estimated 15 percent. Both of these French buying groups are based in the northern part of France, near Lille. They are structured in similar ways and ...
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Alcon Directors Reject Novartis' Bid After A Positive Financial Report
Pointing to the good results reported by the company for the latest quarter, the independent directors' committee of Alcon has rejected the offer made by Novartis to purchase the rest of the shares in the company, finding it to be ?grossly inadequate.? The committee noted that Alcon had outperformed analysts' ...
