All Article articles – Page 172
-
Article
Two Chief Executives Take Over The Reins At Safilo, While Margins Slide
Still chaired by 67-year-old Vittorio Tabacchi, Safilo's board of directors has in fact voted in favor of a resolution that promotes his 35-year-old son Massimiliano as ?co-chief executive? of the company. He will run Safilo in tandem with 50-year-old Claudio Gottardi, appointed as chief executive. an Italian executive who will ...
-
Article
Oakley Suffers A Drop In Profitability
A new partnership with Luxottica is guaranteed to last through Dec. 31, 2008, following Oakley's signing of an agreement with the optics giant, retroactive to last Jan. 1, but the most important terms could not be determined. Luxottica will continue to sell its products into Oakley's retail channels, which now ...
-
Article
Cooper's New Product Hits Japan And Europe Too Late To Save 2nd Quarter
Cooper Companies continues to disappoint the financial analysts who follow the company. It has once again lowered its sales projections for the current financial year from $785-810 million to $755-785 million because of new delays in the shipment of certain products to certain destinations by its contact lens subsidiary, CooperVision ...
-
Article
De Rigo Climbs Back Up After Tough Year
De Rigo, which is no longer trading on the stock exchange, is making new retail investments in the UK, Spain and Portugal, while negotiating new licensing deals after a transition year in which its results deteriorated. The loss of the Fendi brand to Marchon and the end of a big ...
-
Article
Menicon Strikes Strategic Alliance With Dutch Company
In line with its global expansion efforts, Menicon, Japan's largest contact lens manufacturer, has appointed Jeanne Bear as general manager of global sales operations and business development. Bear was most recently with SynergEyes as director of marketing, before which she had a 16-year term as vice president of international sales ...
-
Article
Hans Anders Moves Into France
After moving into Belgium, where it already has 40 shops that are operating relatively well, Holland's leading discount optical retailer has decided to move into the French market, where it has little or no competition in the low-priced segment aside from a recent new entrant, the Leclerc chain of hypermarkets. ...
-
Article
Oakley Is Ready For Turnaround In Europe As It Becomes The Second Largest Eyewear Retailer In The Usa
Seen as a ?problem child? in the past, Oakley is implementing several measures aimed at growing its presence at retail in Europe. Focusing on independent opticians in each country, the company wants to increase by 15 percent the number of doors in which its products are sold. Oakley has begun ...
-
Article
Rodenstock Becomes More Profitable
Before amortization, depreciation and exceptional charges, Rodenstock's operating margin (EBITDA) rose by 18.1 percent in 2005 to equal to 18.9 percent of revenues. The gross margin amounted to 53.1 percent, and the equity/debt ratio stood at 24 percent at year-end. The company attributes the excellent results to an improved ...
-
Article
New Product Development And Branding Lie Behind Intercast's Takeover
The recent acquisition of Intercast Europe by PPG Industries, which has been completed, was partly motivated by the desire to integrate technologies and marketing for two state-of-the-art patented lens materials, Trivex and NXT, which use basically the same polyamide-based monomer. Some 60 years ago PPG patented CR-39, which ...
-
Article
Luxottica Is Doing Better Than Expected
Luxottica indicates that it will probably upgrade its previous projections for this year's financial performance in connection with the announcement next month of its 2nd quarter results, as its operating results were very positive in April and May for both the retail and wholesale sectors. The Milan Bourse reacted ...
-
Article
Boots Opticians Is Doing Better, Too
British consumers spent less on fashion eyewear last year, and the deregulation of contact lenses during the year added to a significant price deflation in the country's eyewear market, says Boots plc, adding that the conditions of this highly competitive market are unlikely to improve in the foreseeable future. ...
-
Article
Sunglass Hut Moves Into The Middle East, Expands In China
Luxottica has signed a 5-year franchising deal for Sunglass Hut with Azal Group, a company with some 30 other retail operations in the Middle East in Europe. A total of 50 Sunglass Hut stores will be opened in the Middle East over the next two years. They will be housed ...
-
Article
Thai Optical Group Clarifies Figures
Additional information collected after we last went to press allows to correct some blatant mistakes in the last issue about Thai Optical Group, which went public on the Stock Exchange of Thailand last May 16, with Ayudhaya Securities acting as the underwriter. After an equity increase connected with the public ...
-
Article
Service Pays Off For Contact Lenses In Europe
An independent survey sponsored by CooperVision shows that many European contact lens buyers in look for good service, solid advice and better value for money as reasons to continue buying from the same optician. When contact lens wearers were asked why they continue to buy from the same source, 45 ...
-
Article
More Soft Lens Market Data For Europe Show Varying Trends
The soft contact lens market is growing in some regions and dropping in others, according to a study done by EUROMCONTACT, a group of major international contact lens producers that assesses quarterly shipment data for the Nordic countries, the UK and Ireland, Austria, Belgium and Luxembourg, France, Germany, Italy, the ...
-
Article
Optigen Defends Its Superelastic Frames
Optigen, a small Italian company that has developed an alternative method to make memory metal alloys for eyewear, is feeling freer than before to sell its ?superelastic? products in this rapidly growing market niche. Company officials and their advisors are particularly bullish after the ruling last June 21 of a ...
-
Article
Esa Launches A Movie To Promote Sunglass Usage
The European Sunglass Association has produced a short entertaining film intended to warn consumers about the dangers of exposure to UV radiation and blue light, the variety of techniques to bloc them through sunglass filters and coatings, and the possibilities that sunglasses offer for personalization. It is addressed particularly at ...
-
Article
Osa Goes International Seriously
Targeting mainly customers who like to blend luxury with a young rock and roll inspiration, Optical Shop of Aspen, alias OSA International, wants to push its wholesale business on a global basis after selling its famous chain of luxury optical retail shops in the USA to Oakley earlier this year ...
-
Article
Zeiss Proceeds With Sola's Integration, Sells A Lab To Specsavers
Carl Zeiss Vision has sold a laboratory in the UK to Specsavers as part of a reorganization of its activities in the UK, where the former Zeiss optical business is being integrated with those of SOLA and American Optical, apparently faster than in some other countries. A new company called ...
-
Article
Safilo's Net Profit Grows By 163%
Safilo's revenues increased by 7.5 percent in the 1st quarter to €302.1 million, but they grew by 3 percent in local currencies. Orders were up by 15 percent at the beginning of the period, and they continued to increase through April, but the group was unable to respond to a ...
