All Article articles – Page 155
-
Article
Brulimar Introduces A Children's Collection
Brulimar Optical is launching a new children's collection for its most successful licensed brand in the U.K.: Bench. At the coming SILMO show in October the British manufacturer will be showcasing a collection for boys and girls from 6 to 15 years old. Bench Kids will have 22 models, all ...
-
Article
Vsp Buys Marchon
While we were right about the imminent sale of Marchon, speculation about a possible tie-up of Marchon with LVMH, Luxottica, Safilo or another similar strategic investor (see EWI #9-10 of July 29) turned out to be unfounded. America's biggest eyewear producer has been bought instead by Vision Service Plan (VSP), ...
-
Article
Optotech Buys An Italian Firm
The patent-rich German equipment company, which has become a serious challenger of Schneider and Satisloh in the area of free-form lens surfacing, has bought a significant shareholding in an Italian company that makes anti-reflective coating machines, Coerent. Its new name will be OptoTech Italy and it will help the company ...
-
Article
Change Of Ownership At Logo
The details could not be determined. According to press reports, four new private shareholders have acquired the French eyewear company with the support of an institutional investor. The group is led by a financial consultant, Pierre Verrier, who replaces Dominique Alba in the position. Alba, who had led a management ...
-
Article
New Major Changes In Management For Rodenstock
Bridgestone, the investment company that took over the German eyewear company last year from Permira, has found its new chief executive. It's Olaf Göttgens, a 42-year-old manager who has been brand manager for Mercedes-Benz cars since the beginning of 2006. He had previously founded his own management consultancy, BBDO. ...
-
Article
Important Promotions At Gerber Coburn
Alex Incera has been appointed as president of Gerber Coburn and as corporate vice president of its parent company, Gerber Scientific. He takes the place of Stephen Lovass who continues as president of Gerber Scientific Products and senior vice president of Gerber Scientific. Incera joined Gerber Coburn in 1995 as ...
-
Article
Tesco Joins Competitors Online
Customers who need single-vision glasses can now get them for prices as low as £15 (CONVERSION) by ordering online from Tesco. They can also make appointment for an in-store eye examination for just £10 (CONVERSION). The British mass market retailer's online ordering facility lets buyers upload photos of themselves to ...
-
Article
Coopervision's Numbers Are Up
Sales grew by 15 percent to $243.2 million for the third quarter ended July 31 at CooperVision. This translated to an increase of 8 percent in constant currencies, driven in particular by 28 percent growth for its Proclear line and the introduction of Avaira, its new silicon hydrogel spherical contact ...
-
Article
Tod's Signs Its First Eyewear License With Marcolin
Tod's has signed a five-year license agreement with the Marcolin Group for making and selling sunglasses and prescription frames under the Tod's and Hogan brands of footwear. For these two brands of the publicly quoted Tod's group, it is their first venture into the eyewear market. It was a ...
-
Article
Luxottica Moves To Capture More Of Lower End Of The Market
Luxottica has widened its price range toward the lower end of the U.S. market to tackle a drop in retail sales resulting from slower store traffic and from the fact that customers are buying fewer frames. But even in such a difficult business environment the group managed to boost profitability ...
-
Article
Hoya Sees Lower Vision Care Sales
Hoya's sales of eyeglass lenses increased by 10.3 percent in Europe and by 7.7 percent in Japan during the first quarter ended June 30, but they fell by 10.8 percent in Japan and by 14.4 percent in the USA. For the current second quarter, the Japanese company expects them to ...
-
Article
Crown Eyeglass Expands In Europe
Crown Eyeglass, a British eyewear retailer that already has scores of franchisees in Sweden, has moved further into the rest of Europe by recruiting new franchisees in Norway and Spain. The stores in Larvik and Moraira should be followed by others in these two countries, and the retailer is exploring ...
-
Article
Safilo Cuts Full-year Guidance, Financial Situation Worsens
Safilo's release of first-half results caused a stir among the financial community while the world's second-largest eyewear company trimmed its growth forecast for full-year sales to around 4 percent from a previous forecast of 7-8 percent, assuming constant currency exchange rates Gross operating profit (EBITDA) is now seen reaching ...
-
Article
Marcolin Has Good Growth Outside Italy
While boosting its profit margins, Marcolin increased its revenues by 3.6 percent to €107.7 million in the first six months of the year as growth in international sales offset a decline in Italy. At constant currency rates, turnover rose by 7.7 percent. Italian sales fell by 10.1 percent to ...
-
Article
Agency Orders Revamp Of Boots Advertisement
Boots Opticians has come under fire from the U.K.'s Advertising Standards Agency for a voucher that the agency said misled customers into thinking that an eye exam would have no up-front costs for them. The leaflet, which said, «Free eye examination, or we'll refund the cost of your examination by ...
-
Article
Gatto Astucci Merges With Another Company Involved In Cosmetics
Gatto Astucci, the leading Italian producer of eyewear cases headquartered in Domegge di Cadore, is part of a group by the same name that includes a producer of retail display equipment for optical stores, Gatto Display. The company has now merged with Sarno, another Italian producer of display cases and ...
-
Article
Indo Becomes An Equipment Leader Through A Merger With Buchmann
Only a few weeks after the momentous announcement of Essilor International's acquisition of Satisloh, which will turn the French company into the largest provider of equipment in the ophthalmic sector, including those used by lens processing laboratories, Spain's INDO Internacional signed a letter of intent with Buchmann Optical Holding of ...
-
Article
British Optical Market Is Hitting Limits, Says Mintel
The market research group Mintel has come out with a report, «Optical Goods and Eyecare,» warning the industry in the U.K. that the boom of the past few years is nearing an end. The 20 percent growth the market has seen in the past five years is likely to drop ...
-
Article
Fabris Lane Builds Up Its Optical Business
Targeting independent retailers in the U.K., Fabris Lane, which has been the largest supplier of sunglasses in the country, has set up a full-fledged ophthalmic frame division, launching three new lines and appointing a new dedicated sales manager, Andy Brown. Bown joined the group last January, after spending almost ...
-
Article
Multiòpticas Forms A New Spanish Company To Diversify At Home And Internationally
Almost of all of the 200-odd optical retailers affiliated with the Spanish Multiòpticas consortium have decided to form a new limited partnership, NewCo Holding Optics S.L., intended to speed up the development of new optical, sunglass and hearing aids stores in Spain as well as abroad. They feel that such ...
