All Article articles – Page 159
-
Article
Loss-making Amo Predicts A Drop In Lasik
Eye care product recalls over the past year affected results at Advanced Medical Optics, which posted net losses both in its 4th quarter and full fiscal year despite good results in its laser division. The company will start to implement cost-cutting measures, essentially through a 4 percent reduction in its ...
-
Article
Specsavers Starts Up In Australia
The increasingly international group from the island of Guernsey has just launched the first two Specsavers retail outlets in Melbourne, Australia, and is planning to roll out another 150 around the country on a franchised basis, like in the Nordic European countries, before the end of the calendar year. No ...
-
Article
Safilo Buys A Mexican And An Australian
Safilo has bought two upmarket eyewear retail chains in Mexico and Australia for a combined €28 million in an effort to expand its network by about 100 stores a year through acquisitions and organic growth. The expansion will be financed by the group’s cash flow.The company already owns the 114-store ...
-
Article
Safilo Will Significantly Boost
Safilo has decided to adjust its business model by boosting its retail business, which is due to represent at least 20 percent of sales in 2012 compared with 6 percent last year, thus reducing the relative importance of the wholesale segment. At the same time, Safilo wants to decrease its ...
-
Article
Musical Chairs At Rodenstock And Zeiss
Giancarlo Galli, chief executive officer of Rodenstock, has left the company and will be replaced on an interim basis by Peter Littmann. Galli, a Swiss executive, was said to have been unhappy with decisions made about growth strategies at the German company following its acquisition by Bridgepoint in March 2007. ...
-
Article
Mido Considers An Event In Rome
MIDO is looking at the possibility of a putting on a new event in Rome in the first week of September. The organizers of the Milan fair insist that it would not be a new trade fair, but a “Business Forum” during which manufacturers and buyers would meet to look ...
-
Article
Kodak Continues To Work With
The international royalty-based license agreement between Signet Armorlite (SA) and Eastman Kodak has been renewed up until 2014. SA manufactures several progressive lenses under the Kodak brand, such as Kodak Precise lens and the new Kodak Unique lens, and two anti-reflective coatings, Kodak Clear lens coating and the new Kodak ...
-
Article
Essilor Names Roy As European Director,
It is now official. The largest lens manufacturer in the world has formally appointed Bertrand Roy as the new manager for its European division. Most recently, this veteran of the group acted as international director of strategic marketing for two years, after leading Essilor France for six years. Endowed with ...
-
Article
Oakley Sees Double-digit
Oakley, the American sporting goods company bought last November by Luxottica, expects to close 2008 with double-digit growth in U.S. and international sales. Double-digit growth is expected in all the segments of Oakley’s business including its secondary brands, men’s and women’s products, wholesale and retail operations, and apparel, footwear and ...
-
Article
Hal Enters The High-growth Markets
The group continues to enter new emerging markets. After making its first acquisitions in Brazil and Turkey, it is entering Bulgaria and Romania, the two high-growth countries that joined the European Union at the beginning of 2007. In both cases, Hal Holding is making investments in relatively small established chains ...
-
Article
The State Of Eye Health In The Eu
A recent health survey conducted throughout the European Union shows that Spaniards have the least concern for their visual welfare, while Belgian and Luxemburg nationals seem to care the most. Only 28 percent of the Spaniards polled go for an annual eye check-up, which is a smacking 10 percentage points ...
-
Article
New European Safety Project
A new European project for monitoring the distribution of contact lenses will start up on June 1. The aim is to ensure that lenses are sold by professionals, and that when the customer presents a prescription, it be carefully checked and respected by the seller. Such regulations are already implemented ...
-
Article
Hoya Predicts Lower Overall Income
The vision care segment remains one of the healthiest ones within Hoya Corp., but the big Japanese group is anticipating drops of 5.7 percent in operating income and 4.1 percent in net income because of the difficult economic situation in Japan and in some other markets and an expected decrease ...
-
Article
Luxottica Issues Profit Warnings
Luxottica’s stock price dropped by about 10 percent at the beginning of this month, immediately after the company issued a profit warning on its 2007 results and announced a worse-than-expected forecast for 2008.Addressing analysts at in Investors’ Day organized at Oakley’s headquarters in California ahead of the release of final ...
-
Article
Luxottica Redesigns Its Retail Structure
After reviewing its license agreements to manage the optical businesses of three large American retailers, inherited through its acquisition of the former Cole National, Luxottica has decided to drop the license with BJ’s stores and to focus on Target and Sears.Luxottica’s chief executive, Andrea Guerra, acknowledged that Sears has struggled ...
-
Article
Volcom Acquires Electric Visual
Joining the other major surf & skate brands, Volcom has taken over a sunglass specialist to complement its collection. It's Electric Visual Evolution, a supplier of sunglasses and snow goggles founded by Kip Arnette and Bruce Beach in 2000. Based in San Clemente, California, it has offices also in Hossegor, ...
-
Article
Aeffe Signs New Eyewear Deal With Elite
Aeffe, the Italian luxury group, has signed an eyewear deal for its women's brand Alberta Ferretti with Elite, which is already its licensee for the Pollini and Pollini Studio brands. The Alberta Ferretti license will last seven years, with an option for an additional three. The first collection will include ...
-
Article
Afflelou Makes Lower Profits On Higher Turnover As It Goes Private
With 99.6 percent of the shares tendered as of yesterday, the Bridgepoint investment fund will take Alain Afflelou out of the French stock exchange. The investment fund, which controls Rodenstock as well, acquired 96.08 percent of the shares of Alain Afflelou in recent months. It then presented a squeeze-out plan ...
-
Article
Essilor Predicts More Double-digit Growth After A Brilliant Year
The company's sales are expected to grow by between 10 and 10.5 percent in constant currencies this year, including a gain of about 6 percent for continuing operations. The acquisition of a few more prescription laboratories ? mainly in the USA, but perhaps also in Canada and in Brazil ? ...
-
Article
Luxottica's Same-store Sales Shrink In America
A sudden downturn in the U.S. market at the end of last year led to a drop in Luxottica's global retail sales during the 4th quarter of 2007. According to data released by the company's chief executive Andrea Guerra in an interview with a leading Italian newspaper (in the style ...
