All Article articles – Page 157
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Luxottica Is Reportedly Seeking A $300 Million Bond Placement
In the coming weeks, Luxottica may seek to place $300 million worth of 10-year bonds with institutional investors based in the USA to refinance the acquisition of Oakley, according to the Italian daily Il Sole 24 Ore. The report, which was not confirmed or denied by a press spokesman for ...
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Hal Acquires An English Chain And Enters Chile
HAL Holding announced yesterday an agreement to acquire an 88 percent controlling interest in Rotter y Krauss, which is described as the leading optical retail chain in Chile by far. With sales of approximately €32 million in 2007 and 600 employees, it operates 43 directly owned stores and 89 optical ...
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Marcolin's Profits Rise After Closing Cebe
Marcolin's closure of its French subsidiary Cébé, which took effect from the end of last year, had an immediate effect on its results, which showed a doubling in its profit for the 1st quarter of 2008. They had also a major effect on the sales of a couple of French ...
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Salmoiraghi Joins Forces With Angiolucci In Sicily
Salmoiraghi & Viganò, the Italian optical retail chain owned by Dino Tabacchi, has indirectly acquired a controlling stake in one of the three major Sicilian chains, Angiolucci Lunettes 1948. The Salmoiraghi group, which is already the largest optical retailer in Italy, will have a 51 percent share in a new ...
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Indo Appoints An Executive Chairman
The Spanish company has a new executive chairman, Joan Casaponsa, who will spearhead a new strategic plan to focus on the business segments with the highest market value, indicating that INDO International may drop one of its multiple activities in the areas of equipment, lenses and frames. The new plan, ...
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Expoóptica Had A Big Jump In Attendance
Expoóptica has reported that the number of visitors at its 27th annual show in Madrid a few weeks ago increased by 58 percent from the previous edition, reaching 11,290 professionals from 25 countries. The jump was due to increased marketing and to the organization of a simultaneous International Optometry, Contactology ...
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Bbgr Launches Interesting New Products
This subsidiary of Essilor continues to launch new products on the European market, using a different approach and a different sales network from those of its parent company. After its successful introduction of Anateo, described as the first progressive lens that is adapted to the anatomy of the eye, it ...
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De Rigo Had Some Problems In The Uk But The Rest Of Its Business Is O.K.
Direct, licensed and franchised sales increased by 5.1 percent to €662.7 million at De Rigo in 2007. Consolidated revenues went up by 4.6 percent to €582.2 million, but the wholesale business went much better than the company's retail operations. While General Optica continued to perform well in Spain, with 228 ...
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New Ceo For Profitable Satisloh
The board of directors of Schweiter Technologies has appointed Andreas Kunzmann as the new chief executive of its Satisloh division, effective next Aug. 1. Holder of a Ph.D. in physics and chemistry and graduated in business administration from a school in Lausanne, he already has a deep knowledge of material ...
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Visibilia Creates A Luxury Division And Distributes Kata, Judith Leiber
Visibilia has signed an exclusive agreement with the U.S. company Legacie, a subsidiary of B. Robinson Optical, to distribute its Kata and Judith Leiber eyewear in Europe, taking over from the company's former European subsidiary in Varese, which did the job until the end of 2007. The Italian group ...
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Safilo's First-quarter Sales Gets Hurt By Weak Dollar, Gucci Should Stay
Mark Lee, chief executive of Gucci, told an Italian newspaper that his company is in talks to renegotiate an eyewear licensing agreement with Safilo Group, but sees no reason to end it. He described the relationship with Safilo as solid, claiming that the Gucci brand is No. 1 in the ...
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Mixed Results At Fgx
FGX International has reported net income of $2.2 million for the first quarter of 2008, up by 14 percent from a year ago, and net sales of $59.2 million, down from $61.1 million in the same period of 2007. The U.S. company, which went public recently, noted that in the ...
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Hoya Reports Less Lustrous Results But Launches Many New Initiatives
Hoya Vision Care is launching a number of new initiatives overseas, especially in emerging markets. Just a few days ago it took a 25 percent ownership stake in Optotal, a Brazilian company that services more than 100 optical laboratories in the country. The investment will be used as a platform ...
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Mido Revolution Sends Out Shock Waves
MIDO's ?revolutionary? moves in terms of dates and events is leading many companies to reassess their participation in various trade shows. Following the example of Safilo last fall, Allison and De Rigo, two other big Italian companies that have been renting a lot of space at the SILMO fair in ...
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Italian Exports Up 11.6% In 2007, Domestic Market Sluggish
In the full 12 months of 2007 Italian eyewear exports confirmed the growth trend of the previous months, according to ANFAO, the Italian optical industry association. The year ended with export sales up by 11.6 percent to over €2,315 million, compared with a mere 2 percent increase for the overall ...
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Oakley's Sales Rise By 15% In Dollars
Luxottica's management indicated last week that Oakley's eyewear business in Europe would be integrated with Luxottica's by May 1, but the final company structure was not yet clear as of yesterday. Sources at Oakley Europe, whose offices in France, Germany and Italy are being closed down, said it will take ...
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Novartis Gets 77% Of Alcon
Novartis, the parent company of CIBA Vision, is to acquire a 77 percent stake in Alcon from Nestlé in a two-stage deal for a total of around $39 billion. In the second half of this year, Novartis plans to buy an initial stake of 25 percent in Alcon for around ...
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Essilor Acquires Galileo In Italy And Empire Optical In Usa
Essilor is pursuing its external growth strategy in Italy with the acquisition of Galileo, an important player in the Italian market. The company sells only in Italy a large variety of prescription and stock lenses under its own brand, which is widely recognized among Italian consumers. Galileo operates a prescription ...
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Alcon Reports Double-digit Growth
The Swiss maker of pharmaceuticals, surgical products and products to treat eye disorders, which is being taken over by Novartis, has reported global sales of $1,536.4 million for the first quarter, up by 16.2 percent over last year. Excluding foreign currency effects, this was an increase of 9.4 percent. Alcon ...
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Zeiss Appoints A Coo
As already indicated in the last issue of EWI, Carl Zeiss Vision International has added the new executive position of chief operations officer, appointing Raymund Heinen to fill it. Heinen, 49, has previously worked for the automotive component makers Bosch, LuK and Hella, most recently as Hella's president and chief ...
