All Article articles – Page 156
-
Article
Slower Growth At Essilor
The growth of Essilor International slowed down in the 2nd quarter ended June 30, leading to an 8.39 percent drop in the share price on the day it published its sales results for the first half of the year. On a comparable basis, excluding the effect of acquisitions and changes ...
-
Article
Growing Marchon Examines Strategic Options
The world's third largest supplier of ophthalmic frames and sunglasses continues to grow faster than the market. Aided in part by the weakness of the dollar, which boosted its revenues from Europe, Marchon raised its sales by over 15 percent in the first half of 2008, and the management hopes ...
-
Article
Silmo Moves To The Second Half Of September
As we had predicted in a previous issue of EyeWear Intelligence, the Paris fair will no longer be held in October from next year on. After intense negotiations with the management of the fairgrounds, which led to changes of dates for a dozen other smaller fairs, the organizers of SILMO ...
-
Article
Synergies From Oakley Should Help Luxottica To Reach Its Profit Targets
Operating synergies from the tie-up with Oakley are estimated to have been €5 million in the second quarter and are projected at €6 million in the third one and €7 million in the last quarter of this year. Luxottica said that with Oakley it has increased its negotiating power, and ...
-
Article
Optic 2000 Launches ?Loyalty' Readers
The leading French optical retail chain is attracting new first-time customers by offering two pairs of sophisticated ?custom-fit ready-to-wear? readers that can be partially refunded after a period of 12 to 15 months if one of them is exchanged with a pair of real spectacles bought from the same optician. ...
-
Article
Hal Acquires +Vision
HAL Holding has bought 100 percent of the shares of the Spanish MasVision Group, which owns 15 optical retail stores operating under the +Vision banner and has a network of 320 franchised stores. The company, which has 150 employees, will be integrated with the operations of GrandOptical in Spain, forming ...
-
Article
Vision-ease Eyes Acquisitions
The shareholders of the American companies have decided against selling the company or floating it on the stock exchange after a major increase in its turnover last year to about $150 million, compared with less than $115 million in 2005, with operating profit before amortization and depreciation (EBITDA) hitting a ...
-
Article
Shamir's Quarter Is All Positive
The first quarter ended March 31 was full of good news for Shamir Optical Industry. The Israel-based company's net sales jumped by 29.5 percent to $38.0 million, and the gross profit margin was up by 2.2 percentage points to 54.7 percent of sales. The net income for the ...
-
Article
New Structures For Allison
With the arrival of Antonio Bortuzzo at the head of Allison late last year, the company has initiated a new development strategy based on a business model that he already tested out as general manager of Marcolin to cope with the sudden loss of the Dolce & Gabbana license, which ...
-
Article
Three Brands Help Carry Signature Eyewear Through
Signature Eyewear has been doing a little better since the beginning of its fiscal year last November, allowing the American company to reduce its debt by $193,000 and to increase its equity by $429,000 to $629,000 in the first six months of its fiscal year, ended last April 30. ...
-
Article
Dragon Breaks Off From Luxottica
Dragon, the American supplier of sunglasses, owned by Luxottica since the larger company bought Oakley in 2007, has emancipated itself and is going private. Started in the California garage of its founder, Will Howard, more than 13 years ago, Dragon specializes in surf, snow and motocross eyewear, selling in 35 ...
-
Article
Essilor Buys Satisloh
Essilor has signed a deal to acquire Satisloh, the largest supplier of lens coating and digital surfacing equipment in the world, with market shares of more than 40 percent in both areas. It has agreed to buy this debt-free subsidiary of the Swiss Schweiter Technologies group for €340 million in ...
-
Article
Coopervision Expects Positive Cash Flow In Recession-resistant Market
The global market for contact lenses is proving to be ?recession-resistant,? according to the management of CooperVision, whose results are improving from several points of view. According to independent market research data cited by CooperVision (CVI), the market for soft contact lenses grew by 7 percent to $1.37 billion in ...
-
Article
Hubert Sagnieres Is Designated De Facto As Essilor's Future Chief
Hubert Sagnières, 53, is expected to take the place of Xavier Fontanet, who will be 60 years old next Sept. 9, when he retires as chairman and chief executive of Essilor, possibly within two or three years' time. He is already set to replace one year from now the present ...
-
Article
Transitions Sees Some Movements In Its Top Echelons
Transitions Optical has made several management changes in its global group to strengthen the brand outside the USA. Bette Zaret has been promoted to senior vice president for global marketing, where she will spearhead all international marketing strategies, including leading brand communication and creating public service initiatives. She was previously ...
-
Article
Sunglass Hut Enters Thailand
Sunglass Hut International has reached a franchising agreement with Diethelm Keller to open the first round of 15 Sunglass Hut stores in Thailand. Financial terms were not released. The deal strengthens Luxottica's position in Southeast Asia, an area where it sees high potential growth for the sun retail business that ...
-
Article
The Tabacchi Family Tightens Its Grip On Safilo
Safilo has appointed Massimiliano Tabacchi, a member of the family that controls the company, as its sole chief executive after sharing the responsibility with Claudio Gottardi, who was shuttling all the time back and forth between the USA and Europe. Gottardi, who became joint CEO together with Massimiliano in July ...
-
Article
Highmark Sees New Leaders
David Holmberg has been named president and chief executive officer of the parent company of the Eye Care Centers of America, HVHC, which is a unit of Highmark. He will continue to serve as president and CEO of ECCA as well. HVHC is also the parent company of Viva ...
-
Article
Slow Market Takes Toll On Italian Jobs
The slowdown on the international market is impacting jobs in the Italian eyewear industry. Major players such as De Rigo, Marcolin and Allison have managed to maintain their domestic workforce so far, but Luxottica and Safilo have resorted to relatively drastic measures as a result of falling margins and turnover ...
-
Article
New Ppg-nxt Technology For Prescription Sun Lenses
PPG and Intercast have come up with a new sun lens technology that allows Trivex ophthalmic lenses produced by PPG to be combined with NXT color processing techniques developed by Intercast, the Italian optical technology firm acquired in 2006 by PPG. The system allows the optical laboratories to apply the ...
