All Article articles – Page 167
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Ten-fold Profit Boost For Safilo
Safilo booked a 10-fold increase in its net profit to a more normal level of €37.5 million in 2006. It can be considered as an exceptional year for the Italian eyewear company, which underwent a thorough overhaul. Group revenues rose by ...
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Cooper Claims That Dark Times Are Past
Shareholders are beginning to see the light at the end of the tunnel for their investment in Cooper Companies, parent company of CooperVision. However its recent performance seems to have scared off at least one big potential investor, Essilor International, which gave a flat ?no? earlier this month to rumors ...
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Essilor Is A Good Investment For Its Shareholders
Essilor International improved its operating margin (EBIT) to 17.9 percent in 2006 from 17.3 percent in the previous year, thanks to a variety of factors including the previously reported 11.0 percent increase in consolidated sales to €2,690 million for the year (details in EWI # 8-1 of Jan. 25). Deducting ...
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Essilor Explores New Territories
Xavier Fontanet, chairman and chief executive of Essilor International, gave a flat ?no? to questions about the group's interest in acquiring CooperVision at the annual conference in Paris where the management comments on its results. However he indicated that Essilor is exploring possible areas of diversification from its core business ...
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Specsavers Grows By 16.0%
The Guernsey-based Specsavers Optical Group has announced a sales increase to £879 million (€1,312m-$1,732m) in calendar 2006, as compared to £758 million the previous year. The figure comprises all its operations in the UK, Ireland, the Netherlands, Sweden, Norway, Denmark and Spain. No breakdown has been given yet for the ...
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Improving Salmoiraghi Plans To Open 150-200 More Stores
Salmoiraghi e Viganò, the leading Italian eyewear retailer, intends to open 150-200 more stores in Italy by the end of 2009 after obtaining €50 million in credit facilities from Intesa Sanpaolo, the country's largest bank. The loan will enable Salmoiraghi to expand its network to a total of around 500 ...
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Optic 2000 And Other Majors Win Market Shares In A France
France's opticians made a turnover of €3.82 billion in 2006, up by 2.1 percent from 2005, according to the GfK market research institute, showing a decline in the annual growth rate from 3.5 percent in 2004 and 2.7 percent in 2005. Sunglasses and contact lenses were the two ...
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Wholesale, Advertising And Store Openings Boosts De Rigo's 2006 Sales
De Rigo enjoyed a 10.5 percent increase in sales in 2006 to €627.8 million, including those of franchised stores, thanks to new store openings and successful advertising campaigns and store openings. Consolidated net sales rose at a still strong 10.4 percent rate to €558.4 million, with wholesale and manufacturing soaring ...
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Fielmann Raises Profit By 21%
The supervisory and management boards propose to raise the annual dividend by 26 percent to €1.20 a share after a strong year in which Fielmann's pre-tax profit increased by 21 percent to €105 million, with operating income up by 23 percent to €71 million. External sales, including VAT and ...
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Oakley Predicts 45% Better Results
Oakley predicts that its sales will increase this year by 18-22 percent to $900-930 million and that net income will go up by about 45 percent to an indicated $65.9 million. Most of the sales growth will be organic, and most of it will come from increased sales of optical ...
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Safilo Grows By 9.6%, Absorbing The Loss Of Polo Ralph Lauren In Usa
The non-renewal of the Ralph Lauren Polo license, which expired at the end of 2006, was compensated by the group's other brands in the USA and other parts of the American continent. Despite the loss of the juicy Lauren contract, the group's turnover in the Americas fell by only 0.8 ...
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Gatto Astucci Seeks Acquisitions Under New Ownership
The family of Fabrizio De Silvestro has sold 61 percent of Gatto Astucci to a private equity bank, Centrobanca Sviluppo Impresa. Of the remaining 39 percent, 20 percent will remain in the hands of the former owners while a 19 percent stake has been acquired by a pool of financial ...
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Mido Will Add An Extra Hall
The demand for new exhibition space at MIDO's modern new venue at Rho-Pero, near Milan, has been so big that the show has decided to add a seventh hall to those that it had already rented out for the event, scheduled to run for four days starting on May 4, ...
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Alcon Shows Good Growth
Alcon's sales increased by 16.1 percent during the 4th quarter of 2006 to $1,224.9 million, or 13.5 percent in constant dollars. Adjusted net earnings for the quarter were $354.7 million, up from $257.9 million for the same period in 2005 on a comparable basis. However, extraordinary accounting-related charges had pushed ...
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Optrafair Attracts New Exhibitors, Expands Education Program
The Manufacturers' Pavilion at the next Optrafair in the UK, taking place next Apr. 21-23 at the NEC fairgrounds in Birmingham, has attracted Premiere Optical and other firms to the show for the first time. The show is offering turnkey booths in this new area of the biennial British exhibition ...
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Grandvision Ditches The Visual Banner, Investing On Grandoptical
In a bold move intended to raise the market share of its GrandOptical retail banner in France from 5 to 15 percent, GrandVision has decided to propose its adoption by the 280 retail members of Visual, a French buying and franchising group that it acquired a few years ago. It ...
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British Parliamentarians Want The State To Refund Patients For Lucentis
The European Union and the regulatory authorities of Norway and Iceland have all approved the sale of Lucentis, the apparently miraculous drug developed by Genentech to treat wet aged-related macular degeneration. Tests have shown that 68 percent of the patients treated with Lucentis have seen an improvement in their condition ...
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Specslab.Com Launches A Franchising Scheme For Europe, And The Usa Is Near
Specslab.com is a new mobile low-cost retail operation for prescription glasses that started up in the UK last spring, focusing mainly on corporate clients and using a central server and the internet to place orders, to carry out the administrative work and to handle the logistics. The initiators of the ...
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Indo Launches One-stop Shopping
INDO has changed its management structure by creating a new ?World Sales Unit,? which will be responsible for sales of all groups of products and services. This will enable eyewear professionals to place all their orders in one step only. Previously, each business unit was responsible for marketing its products ...
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Signature Pledges To Recover Lost Sales Momentum
Signature Eyewear, which celebrates its 25th anniversary this year, has told the U.S. Securities and Exchange Commission that it will grow again this year by expanding sales of sunglasses, which are its strongest segment, to U.S. department stores and sunglass stores. The new Cutter & Buck line, which was introduced ...
