All Article articles – Page 145
-
Article
Hong Kong's Eyewear Imports Have Gone Down By One Full Quarter
In the first nine months of this year Hong Kong reduced by one-quarter ? precisely 24.36 percent ? its imports of optical products from its various supplier countries. The phenomenon is part of a wider negative situation affecting Asia in general, the result being an overall fall in imports of ...
-
Article
Emerging Vision Posts Lower Sales
Emerging Vision saw a 13.2 percent drop in total revenues to $16.6 million for the third quarter ended Sept. 30, and it ended with a net loss of $637,000 against net income of $219,000 for the same period last year. The optical purchasing group division of the American ...
-
Article
Fedon Trims Operations, Goes Online
One of the world's major players in the realm of eyewear cases and accessories, Fedon, has inevitably been hit by the difficulties currently encountered by the major eyewear producers that make up the bulk of its clientele, Safilo included. The company's management consequently introduced a number of drastic measures in ...
-
Article
Fgx Has Strong Increases In Sales And Profits
FGX International has turned in strong performance for its third quarter, reporting a 14 percent increase in sales to $60.6 million. Income from continuing operations for the period, ended Oct. 3, jumped by 113 percent to $6.8 million, and Ebitda (operating profit before amortization) from continuing operations rose by 49 ...
-
Article
Luxottica Sees Sales, Profitability Rising In 2010
Luxottica is upbeat about 2010, forecasting a significant boost in profitability on sales growth of about 5 percent. As the business environment in the U.S. is still likely to be uncertain, affecting the performance of its retail operations, next year's growth is expected to be generated largely by the wholesale ...
-
Article
Salice Boasts 7% Of The Global Market For Ski Goggles
The Italian company claims to have reached 7 percent of the international market for ski goggles this year. Established 90 years ago on the banks of Lake Como, Salice exports 60 percent of its production, which amounts to 100,000 pairs of sports eyewear a year and is carried out at ...
-
Article
Italian Mass Market Retailer Adds Optical Shops
Conad, Italy's second-largest mass market retailer with sales of €8.8 billion in 2008, plans to open nine optical stores in its supermarkets and hypermarkets by the end of the year. The group claims it will carry the main eyewear brands at prices that will be on average 30 percent lower ...
-
Article
Alcon Looks To Emerging Markets For Growth
Alcon's worldwide sales rose by 5.9 percent to $1,614 million for the third quarter of 2009, or a 9.0 percent increase excluding currency effects. Net earnings were down by 17.9 percent to $515 million. Excluding the impact of a $240 million tax benefit and other extraordinary items, adjusted net earnings ...
-
Article
Zoobug Branches Out Beyond U.K.
Zoobug, a British brand of children's eyeglasses, has built up international sales with eight distributors and direct sales in 12 other countries. It expects to reach a turnover of up to £800,000 (€891,800-$1.3m) this year. Zoobug was launched in 2006 by Julie Diem Le, an eye surgeon, who started ...
-
Article
Safilo's Future Remains Uncertain Despite Hal's Bid
Hal Holding, the investment company that controls GrandVision and Pearle Europe, has reached a binding agreement with Safilo and its main shareholder to acquire a large minority stake of between 37.23 and 49.99 percent in the troubled Italian eyewear company and to take over all of its stores except those ...
-
Article
Fgx Buys N.Y.-Based Corinne Mccormack
FGX International has bought Corinne McCormack (CMI) for $1.45 million in cash. FGX's chief executive, Alec Taylor, said the acquisition would help FGX penetrate the higher-end channels, and that his company could help CMI expand in the market for designer reading glasses. The purchase also includes a related e-commerce company, ...
-
Article
Visibilia Is Looking For Investors To Improve Its Cash Flow
Visibilia has a serious cash flow problem. The banks have suspended the company's credit lines, asking its chairman, Dan Levi, to produce a new business plan. The banks are currently examining the new plan provided by Levi, and have not yet issued their verdict. In recent weeks Levi has been ...
-
Article
Sports Up And Safety Down At Uvex
In its fiscal year ended last July 31, the Uvex group had sales down by 6 percent to €290 million. While the sports division performed splendidly, the safety division was heavily impacted by the global financial crisis. Overall, 50 percent of the sales were done in the domestic German market ...
-
Article
Essilor Resumes Organic Growth
For the third quarter ended Sept. 30, Essilor International has reported a 6.3 percent increase in consolidated revenues to €805.1 million, with 5.6 percentage points stemming from new acquisitions and 0.5 percentage points from changes in currencies. There was an increase of 0.1 percent on a currency-neutral basis and excluding ...
-
Article
Fast-growing Ocuco Sees Revenues Soar
Ocuco saw a stunning increase of 74 percent in its sales for the year ended in August 2009, rising to €8.4 million. Out of the total increase, €2.5 million was organic, and €1.1 million was attributable to the acquisition of ASPE in France. U.K. revenues grew by 59 percent to ...
-
Article
Gloryfy Prefers Sports Stores In Italy
In Italy, the sports glasses and ski goggles by the Austrian Gloryfy brand are only available in Italy in sporting goods stores, whereas in Austria, Switzerland and Germany they are also sold in optical stores. The brand is distributed in Italy by Oberalp, a large group that distributes many other ...
-
Article
Italy Returns To Optional Labels Of Origin, Adding One For 100% Made In Italy
The Italian government has cancelled legislation introduced by Parliament compelling Italian brands to indicate where their manufactured products were made, creating chaos at customs and running the risk of being contested by the European Union. However, compulsory origin labeling continues to find support in Parliament and among industrialists and could ...
-
Article
Mikli: 70% Of The New Capital Will Be Used For New Investments
As previously report (EWI of May 13), the London investment fund Neo Capital has acquired 47 percent of the capital of Alain Mikli International for an undisclosed price, leaving the company's founder also with 47 percent. But the capital raised will not be used to cover the €4 million in ...
-
Article
American Survey Highlights Personal Misconceptions About Visual Acuity
Forty-four percent of adults worldwide think that if they can see O.K., they have good eye health. They're wrong. A recent survey conducted in the U.S. for the Vision Care Institute, sponsored by Johnson & Johnson, looks at this and other misconceptions people have about vision. The Global ...
-
Article
Sporting Activities Can Be Affected By Poor Vision
In a survey of 1,000 British adults with glasses or contact lenses, one in six said they didn't participate in sports because they can't see well enough, or wearing their corrective means was too inconvenient. Every respondent acknowledged that their eyesight compromised their performance somehow. Ultralase conducted the study, pointing ...
