All Article articles – Page 154
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Mikli Is Segmenting Its Product Range
Alain Mikli, whose company is celebrating its 30th anniversary, is sustaining its continuous growth with a more diversified product range, coupled with a more selective distribution policy and the expansion of its store network. Its total sales are expected to reach €170 million this year, up from €134 million in ...
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Oakley's Quarterly Sales Rise By 16%
Oakley's third quarter sales rose by 16 percent in dollar terms during the third quarter, with both its optics and apparel, footwear and accessories (AFA) divisions enjoying double-digit growth. Luxottica did not release a precise sales figure for the brand, however. The brand enjoyed significant double-digit growth in the ...
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Luxottica Cuts 2008 Guidance
In releasing its results for the third quarter yesterday, Luxottica cut its projections for 2008 drastically in light of a soft and uncertain business environment predicted for the last three months of the year. It now expects earnings per share (EPS) to be €0.96-0.98 compared with the previous forecast of ...
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De Rigo Is Concerned About 2009
De Rigo will close 2008 with a slight drop in consolidated revenues, due mainly to the poor performance of its retail operations. Prospects for 2009 are uncertain. The first half is the immediate cause for concern, given the recession announced in all sectors. The effects of the financial crisis on ...
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Fabris Lane Looks For New Financial Partners And Acquisitions
Fabris Lane, which claims to be still the biggest supplier of medium-priced sunglasses in the U.K., has appointed PricewaterhouseCoopers to identify new options for growth, including an acquisition or the entry of a new shareholder, most likely an institutional investor. Since the British company continues to see most of its ...
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Executive Movement At Novartis After Good Quarter
The board of Novartis has created the new position of chief operating officer and appointed Jörg Reinhardt to fill it. Reinhardt was previously the head of vaccines and diagnostics at the company. In addition, the former head of pharmaceuticals who then moved to consumer health, Thomas Ebeling, is leaving the ...
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Alcon Defies Economy With Gains In Sales, Earnings
Sales at Alcon were up by 14.1 percent to $1,524.6 million for the third quarter; it would have been a 10.3 percent increase in constant currencies. Net earnings grew by 51 percent to $627.1 million, which included a tax benefit of $239.5 million. Sales outside the USA rose by ...
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French Ban On Online Sales May Be Lifted As The Market Slows Down
The growth of the French optical market slowed down to an estimated 1 percent in the first nine months of this year, reports GIFO, the French optical industry association. The trend is particularly worrisome for traditional French opticians as they are facing new threats from the e-commerce segment. The ...
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Julbo Benefits From Shutdown Of Cebe
Celebrating its 120th anniversary, Julbo is launching a new nature-inspired marketing campaign around the tagline «The world needs your vision.» It is also setting up a charity that will donate a portion of the proceeds from the orders received at SILMO to mountain guides, fishermen, children and other persons in ...
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Joint Venture For Logistics Between Two North Italian Groups
Two buying groups in Northern Italy, OA Group headquartered in Genoa and Opto In of Verona, have set up a joint venture, Centrale della Filiera Ottica, to consolidate their respective technical services and logistics. These two sectors are of particular strategic importance to the two groups, as technical services and ...
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Essilor Braves The Downward Trend
The mounting economic crisis doesn't seem to be affecting Essilor. The world's largest producer of ophthalmic lenses ended the first nine months of this year with a 5.4 percent increase in consolidated sales on a comparable basis, leading investors to raise the company's stock market price by 14.2 percent on ...
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Bushnell Names New President, Buys Spanish Distributor
Blake Lipham, who joined Bushnell Outdoor Products as chief financial officer last year, is adding the title of president. The company also announced the nomination of a new chairman, Robert L. Caulk, who will serve as a key adviser to Lipham and other senior corporate officers of the company including ...
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Many Events Are Taking Place At Silmo
Making up for the departure of Bushnell and several Italian companies such as Safilo, De Rigo and Marcolin, the French show and some of its 1,000-odd loyal exhibitors are organizing a variety of new services, amenities and events in the next few days besides the usual Golden SILMO Awards on ...
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Rudy Project Links Up With Shamir
Rudy Project has signed an agreement with Shamir Optical Industry to produce a brand-new line of ImpactRX photochromic prescription sunglasses with anti-reflection coatings. The Italian firm's new high-tech line, which will make use of NXT lenses by Intercast/PPG, carries a lifetime guarantee. For the new ImpactRX models proposed by ...
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Fielmann Eyes €1 Billion In Turnover
Fielmann is now certain to break the €1 billion threshold for external sales this year, and analysts are predicting that will reach a record pre-tax profit of around €160 million, after the company released another nice set of figures for the second quarter ended June 30. The pre-tax profit for ...
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Essilor Launches A Share Buyback Program After A Good Quarter
As it turns out, it was a subsequently aborted plan to take over CIBA Vision that led Essilor to issue a large number of convertible bonds in 2003 in order to finance it. The cash-rich company has now decided to launch a massive new program to buy back up to ...
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New Sales Strategies For Area
The Italian eyewear manufacturer Area is in the process of restructuring its sales strategy under the guidance of a new managing director, Corrado Moro, who has been previously responsible for coordinating Allison's sales in Italy and the rest of Europe. Before Allison, he worked on special projects for Bulgari's accessories ...
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Bausch & Lomb Names Two New Regional Heads
Bausch & Lomb has two new corporate vice presidents who have been recently appointed. John H. Brown has been named to be president of the Europe, Middle East and Africa (EMEA) region, and David N. Edwards is the new president for the Asia-Pacific region. Brown comes from Stedim ...
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Bertoni Opens In The United States
Known for its expertise in motorbike accessories, Bertoni diversified into the eyewear sector six years ago. Bertoni Eyewear has now launched its sports eyewear in the USA, with headquarters in New York and offices and warehouse currently under construction in Miami. Bertoni Eyewear USA was established to oversee the Italian ...
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Eschenbach Buys U.K. Company To Boost Its Local Market Position
Eschenbach Group is buying International Eyewear Limited, a British supplier of sunglasses and frames, giving the German company better access to the British market for its own eyewear lines than it has had through an existing distributor. Eschenbach will continue to sell its low-vision products separately in the U.K., where ...
