All Article articles – Page 161
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Zeiss Launches A New Top-end Lens
Carl Zeiss Vision presented a new generation of progressive lenses at the last SILMO that is said to improve 3-dimensional vision sharply. Called GT2 3D, it uses the latest advances in computer technology and free-form lens edging to optimize the complex integration between the two eyes of the wearer and ...
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New Lines And Strong Results For Logo
After launching its new pricey collection of Range Rover eyewear at the last SILMO, the French company plans to launch the first line of Salomon branded eyewear at the next MIDO fair in Milan. Perhaps even before then, at Vision Expo East in New York, it may come out with ...
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New Nominations At Transitions
Brett Craig, the chief operating officer of Transitions Optical, will become the company's president, effective Jan. 1, to help push the company's growth. He replaces Rick Elias, who has been with Transitions from the very start. As the person responsible for optical products within PPG Industries, Elias was president and ...
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Hoya Vision Care Grows By 8.2% In Quarter
The operating margin of the vision care division of Hoya Corp. remained steady at 18.1 percent for the second quarter ended Sept. 30, but its net sales grew by 8.2 percent to 31,368 million yen (€1,892m-$277.6m). Representing only 26.6 percent of the global turnover, sales in Japan fell by 5.9 ...
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Luxottica's Q3 Results Are Lifted By The Wholesale Part, While Retail Slags
Luxottica's net profit for the 3rd quarter showed a 5 percent increase to €112 million, boosted by a tenth consecutive quarter of double-digit growth for the wholesale business, while the retail business was hamstrung by the dollar's weakness and the reorganization of the network. The result was in line ...
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Is The French Market Picking Up Again?
French opticians, who have been used to annual growth rates of between 2 and 3 percent, saw their sales jump by 5.3 percent in the 12-month period ended last August, according to a panel commissioned by GIFO, the umbrella association of the French optical industry. Sales of sunglasses were flat, ...
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Oakley Posts Very Good Results Ahead Of Merger
Oakley delivered its 7th straight quarter of double-digit growth. Sales rose by 25.5 percent in the 3rd quarter to $210.2 million, including organic growth of 19 percent. The acquisition of ESS and Bright Eyes was responsible for 6 percentage points of the growth, and currencies for 2.07 percentage points. U.S. ...
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Fgx Goes Ahead With Its Ipo
FGX International, the parent company of FosterGrant, Quantum Optics and Magnivision, raised about $97.2 million in net proceeds from its planned initial public offering on the NASDAQ stock exchange in New York. They will be used mainly to repay outstanding debt. FGX issued 6.7 million new shares. Existing shareholders, ...
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Cecop Arrives In The Uk And Sets Sights On Germany
Britain and Germany are the current targets of the Spanish-based buying group's international expansion strategy. Neither of them are easy markets, but out of 200 British opticians contacted, 45 have signed a letter of intent to join the group. CECOP's newly appointed UK country manager, Gregory Lopez, has already started ...
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Safilo Slips On Dollar's Weakness, Harsh Comparables
Safilo's third-quarter net profit shrunk to €5.4 million from €7.3 million in the same period a year ago, as the group suffered from a drop of nearly 4 percent in the dollar's value against the euro and from a challenging comparison with the previous year's strong results, which benefited from ...
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Costume National License Goes To Cult
Marcolin's license with Costume National ran out in 2005 and was not renewed. This Italian fashion house has now signed a 3-year license for its eyewear with a new Italian company called Cult. It was established in 2005 by a designer, Alessandro Martire, to develop his own brand of eyewear, ...
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Transport Issues Impact Silmo, And Safilo's Pullout Draws Eyebrows
SILMO saw an 8.5 drop in attendance at its Oct. 19-22 event. Blaming a transport strike, the organizers of the Paris trade show reported 42,669 daily visits (this is not the number of registrations and visitors were only counted once per day). The biggest drop was recorded among French opticians, ...
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Holmberg Succeeds Mccomas At Ecca
David McComas is to retire as chief executive officer of Eye Care Centers of America (ECCA) at the end of the year, ceding his place to David Holmberg, who acted for three years as president of Cole Licensed Businesses, the optical service provider for Sears, Target and Pearle Vision Canada ...
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Essilor Upgrades Financial Forecasts
The management is now fairly confident that Essilor will close the year with an overall sales increase of around 7 percent on an organic basis, excluding the effects of acquisitions and of changes in currency, and that its operating margin will remain at around 18 percent. The large French company ...
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Fielmann Improves Strongly
Fielmann recorded a 3 percent sales increase on a same-store basis during the nine months ended on Sept. 30. Comparable store sales rose by 2.5 percent in Germany, against the backdrop of a projected increase of only 2 percent in German optical market for this year. Higher rates of growth ...
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Visibilia And St. John Join Forces
Visibilia is about to penetrate the U.S. market, which currently accounts for a mere 2 percent of its global sales, following a 3-year agreement to produce and distribute worldwide the first line of sunglasses and prescription frames of a California-based luxury apparel label, St John. The Spring 2008 collection will ...
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Urs Meyer Quits Satisloh
After almost seven years of running Satisloh and its predecessor, the former Satis Vacuum, Urs Meyer has decided leave the company to assume new responsibilities outside the ophthalmic industry, beginning in 2008. Beat Siegrist, chief executive of Satisloh's parent company, Schweiter Technologies, will replace Meyer as of Jan. 1. ...
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Italy's Eyewear Exports Grow By 17.3% In Half-year
Total Italian eyewear exports continued to grow at a relatively steady pace in the first half of 2007, compared with the same period last year, but what is new is an acceleration in the segment of prescription frames to a double-digit rate, although it did not match the continued strong ...
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Optic 2000 Will Spend More On Advertising
Reiterating its results, officials at Optic 2000, the French group of independent opticians, revealed future plans for the group involving a stronger presence in Switzerland, a bigger budget for publicity and more heterogeneous optical stores. The group claims to have grown twice as fast as the domestic retail ...
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Vittorio Tabacchi Again Heads Up The Italian Eyewear Industry Association...
VITTORIO TABACCHI AGAIN HEADS UP THE ITALIAN EYEWEAR INDUSTRY ASSOCIATION Vittorio Tabacchi, chairman of Safilo Group and knight of labor, was elected as the new president of the Italian eyewear industry association, ANFAO, and of the MIDO fair organized by it at the recent annual general meeting of the ...
