All Article articles – Page 150
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Luxottica Sees Market Stabilizing
The world's largest eyewear group believes that the market may be stabilizing after experiencing deteriorated trading conditions between September and February. Meanwhile, Luxottica surprised financial analysts with a relatively strong set of first-quarter results that beat their expectations and pushed the share price up by more than 10 percent last ...
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Perdomi Is Promoted To Vice President Of Salmoiraghi & Vigano
Riccardo Perdomi, general manager and chief executive of Salmoiraghi & Viganò, has left these functions to take up the position of vice president of the group at the request of the president and owner of the company, Dino Tabacchi. The CEO function has been abolished and Franca Dallara, former CEO ...
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Optical Retail Sales Grew By 7.3% At Hal Holding For 2008, Margins Declined
Optical retail sales in 2008 rose by 7.3 percent to €1,977 million in 2008 for HAL Holding, the parent company of Pearle Europe and other optical retail operations around the world. Comparable store sales grew just slightly, up by 0.5 percent. The segment's operating income (Ebit) before exceptional items climbed ...
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X-ice Brings Immagine Through The Final Quarter 2008
Immagine was recently established by Susi and Tiziano Tabacchi, a difficult name to live with in the eyewear industry, but the owners of this Italian eyewear firm are no relation to the family of the owner and chairman of Safilo, Vittorio Tabacchi. The firm has succeeded in carving out a ...
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Marcolin Is In The Black After 3 Years
As anticipated by Eyewear Intelligence (Vol. 10, no. 3+4), Marcolin closed 2008 with a net profit of €6.1 million, compared with a net loss of €6.9 million the previous year, putting an end to three years of losses. The company managed to be in the black thanks to the closure ...
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Shamir's Sales Grow For Year While Faltering In The 4th Quarter
For the fourth quarter ended Dec. 31, Shamir Optical Industry had a decrease in revenues of 4.6 percent to $29.2 million compared with the same period in 2007. The gross profit margin was down by 1.8 percentage points to 54.9 percent, but the operating margin grew by 1.2 percentage points ...
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German Cartel Office Warns Lens Producers About Price-fixing
Making people believe that prices of eyeglasses will go down, German newspapers, magazines, radio and TV stations have widely publicized a statement by the German anti-trust authority that asks five lens producers to stop using their recommended retail prices from April 1 in such a way that they are interpreted ...
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Actman Merges With Optoplast Eyewear
A new firm called the Optoplast Actman Eyewear Company Ltd. is set to take over next July the operations of Andrew Actman Ltd., Actman & Mico Ltd. and Optoplast Eyewear Ltd., creating a larger company with a young management and a more international presence, poised to add a more global ...
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Rodenstock Announces Layoffs, Looks For International Expansion
While taking some new initiatives outside Europe, Rodenstock is reacting to a drop in demand with a program of temporary layoffs. A total of 680 employees out of the 1,625 employees at its German operations, excluding the head office in Munich, are going to stay at home for at least ...
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Optometrist-turned-creator Now Takes Another Turn As Entrepreneur
Working with other partners, Blake Kuwahara has started a new design collective in West Hollywood, called Focus Group West, to service various segments of the optical industry. It will work in product development and branding, and assist with architectural and interior design, product mix, public relations and other aspects of ...
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Bill For Kids' Eye Health Halfway Through U.S. Congress
The U.S. House of Representatives has finally passed its version of the long-awaited ?Vision Care for Kids Act of 2009,? which would ensure that children have follow-up care after being identified as having a possible vision problem in an eye exam or screening. The House passed the bill Tuesday with ...
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Comps, Sales And Profits Are Up For Ecca
With a 7 percent rise in comparable store sales for 2008, Eye Care Centers of America also saw a 12.5 percent increase in turnover to $537.6 million compared with 2007. Net income was up by 30.6 percent to $32.9 million. Thirty-one percent of the revenues for the chain ...
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Declining Results At Zeiss
The Carl Zeiss group confirmed last month an 11 percent currency-neutral increase in the sales of 50-percent-owned Carl Zeiss Vision for the financial year ended last Sept. 30, which we reported a few months ago, but it did not name the company among the operations of the group where sales ...
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Moa Takes Over Distribution In Europe Of Legacie's Lines
The American eyewear firm Legacie, which belongs to B.B. Robinson, has a new European partner to produce and distribute its various brands. Moa, an Italian producer headquartered in Brescia, was already producing the Judith Leiber, Kata and Betsey Johnson collections for Cliff Robinson's New York-based company, but as announced in ...
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Safilo Will Cut 1,250 Jobs In Italy And Slovenia, Looks For Additional Equity
Safilo has announced the elimination of 1,250 jobs in Italy and Slovenia as the embattled company seeks to cut production costs in a flagging market. The company intends to trim 800 jobs in Italy by closing its Precenicco manufacturing plant and by downsizing the Martignacco site to a service center. ...
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Oakley's Sales Rise By 15%
Oakley closed 2008 with a 15 percent increase in dollar-denominated sales. The company said that market conditions were tough in the second half of the year but it still enjoyed double-digit growth worldwide, except in Europe where it has been integrating its business with Luxottica. The Italian giant bought Oakley ...
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Salmoiraghi Grows By 18.5%
Salmoiraghi & Viganò, Italy's largest optical retailing group, raised its consolidated revenues by 18.5 percent to €178.8 million in the financial year ended last Sept. 30, generating profit margins of 10.6 percent of sales before amortization and depreciation (Ebitda) and 1.7 percent after taxes. Sales grew by 1.3 percent ...
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Essilor Reaches An 18.2% Ebit Margin, Excluding Satisloh
The world's leading supplier of ophthalmic lenses reported a modest 4.3 percent rise in its net income to €382.4 million for last year, which together with the cost of Satisloh's acquisition translated into a light dip in its net margin to 12.4 percent from 12.6 percent the year before. Similar ...
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De Rigo Lost About 2% Of Sales In 2008
De Rigo managed to end 2008 with sales off by no more than 2 percent, which the group's management sees as a satisfactory result, attributed to its success in diversifying its offer both geographically and in terms of price points. The severe consumption crisis in the U.S. had little impact ...
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Marcolin Improved Margins In 2008
Marcolin expects to report a slight sales increase for 2008, though the group was hit like other companies in the sector in the final quarter. The group's next income statement should tell us how badly, but according to its chief executive, Massimo Saracchi, not badly enough to offset a strong ...
