All Article articles – Page 179
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Ecca Sees Profits Decline Ahead Of A Probably Sale
In its 3rd quarter ended Oct. 1, 2005, Eye Care Centers of America saw its net income drop by 45.0 percent to $1.6 million, due to increased interest expenses. Without them, the U.S. optical retailing group would have fare relatively well in the period, with total revenues growing by 2.3 ...
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Atol Repatriates The Production Of One Of Its Private Lines
A French eyewear company, Oxibis, will manufacture the Ushuaia collection of eyewear exclusively licensed by Atol, one of the largest buying groups in France. As it does with its own collections, Oxibis and Exalto, Oxibis is using its own subcontractors in the Jura region of France to make the Ushuaia ...
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Austrian Retailers Launch A Bew Banner, United Optics
Vista, a 10-year-old group of 20 well-established opticians who own a total of about 90 stores all over Austria, have decided to launch a common banner, called United Optics, and a common corporate identity. They are looking at setting up between 10 and 15 stores under this name over the ...
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Bausch & Lomb Looks To Grab A Bigger Piece Of Silicon Hydrogel Market
Bausch & Lomb entered 2005 as the #4 player in the U.S. contact lens market in terms of revenues, but says it is going to surpass CooperVision by the end of this year and secure the #3 spot thanks to its growing sales of Purevision silicon hydrogel lens. B&L claims ...
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Safilo Gets The Hugo Boss License
Safilo would lose about 10 percent of its global turnover and 20 percent of its U.S. sales if its license with Ralph Lauren is not renewed at the end of 2006, according to reports that could not be confirmed. Luxottica is said to be a strong candidate to take it ...
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Safilo Enters The Stock Exchange At The Low End Of Its Projections
Safilo is going back to the Milan stock exchange at an initial price of €4.90 a share, giving the company a valuation of €1.39 billion before debt. The price, which was announced last night, one day later than scheduled, is at the bottom of a range of between €4.80 and ...
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New Management And New Program For The French Eyewear Industry
Henri Venet, a 41-year-old attoreny who has been running for the past six years Lunetiers du Jura, the eyewear manufacturers' association of the Jura region of France, will cumulate this function with the management of GIFO, the French eyewear industry association. He will also continue to run Lunettes de France, ...
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Fielmann Gains More Market Share
German opticians are recovering from last year's big slump in the market, caused by the phase-out of government subsidies for consumers' purchases of vision care products. The market leader, Fielmann, has benefited from this recovery more than the others. With 4.2 million units sold in the first nine ...
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Strong Third Quarter For Shamir, Subsidiary Is Set Up In France
In the 3rd quarter ended Sept. 30, Shamir Optical posted an increase in revenues of 9.6 percent to $19.4 million. Gross margin expanded by 22.4 percent to represent 55.7 percent of total revenues and a gross profit of $10.8 million. Operating income fell by 8.0 percent to $2.6 million and ...
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Zeiss Improves Group Profits
Carl Zeiss Vision International, the new entity that came out of the merger of Carl Zeiss' vision care business and SOLA International last March, had a turnover of €415 million in the first six months of its activity, from Apr. 1 to Sept. 30, 2005, according to the Carl Zeiss ...
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Marcolin Is In The Red, But Should Improve With New Iniatives
Marcolin is one of the ten Italian public companies that have scored the biggest improvement in stock market capitalization so far this year. Its stock price, which was badly depressed by the news of the impending end of its Dolce & Gabbana eyewear license, grew by 121 percent in the ...
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Essilor Accelerates Its Growth
Essilor has reported a strong 6.2 percent sales increase for the 3rd quarter on a comparable basis, up from the 4.7 percent growth rate recorded in the 1st half. For the full year, the company is expecting a currency-neutral sales increase of 8-9 percent. On a comparable basis, excluding the ...
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Advanced Medical Optics Reports Losses
Despite an increase in gross profit of 47 percent to $160.8 million in its 3rd quarter, Advanced Medical Optics posted a net loss of $31,200,000 in the period as compared to a loss of $31,700,000 in the year-ago quarter. Research and development costs associated with the recent acquisition of VISX, ...
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After A Decent Third Quarter , Oakley Looks For Improvement In Europe
In the 3rd quarter ended Sept. 30, the company's net sales rose by 15.6 percent to $173.4 million, and net income climbed by 31.6 percent to $14, 969,000. The gross margin decreased to 53.5 percent, as compared to 55.5 percent in the same period last year, due in part to ...
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Brand Reshuffling Also At L'amy, Charmant
L'Amy signed just before SILMO a global long-term eyewear license with Lanvin. The first products should be available next summer. Coupled with its previously announced Chloé license (see EWI of Oct. 5), the new deal should make up for the reorganization of the company's main license, Lacoste, which contributes to ...
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Boots Opticians Performs Poorly Amidst Restructuring
Boots Opticians posted a decline in sales of 10.5 percent to £82.9 million (€123.4m-$145m) in the 1st half ended Sept. 30, and had an operating loss of £5 million (€7.4m-$8.7m) as compared to a profit of £1.5 million in the year-ago period. The optical division of Boots plc is still ...
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Australian Challenger Goes Public
C@ ? pronounced «see at» ? hopes to raise 2.3-3.5 million Australian dollars (€1.4-2.2m-$1.7-2.6m) to set up a wholesale business for independent optical practices in Australia. The group plans to establish a wholesale production center in Perth, Western Australia, to supply frames, lenses and associated services to affiliates. The ...
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Fedon Considers New Diversification Avenues
Fedon is considering a possible new diversification, after its venture into leather accessories for the office and for travel. Among the new projects in the pipeline is the introduction of a line of display stands, called «Expoplay,» and of a highly innovative and patented system for personalizing any type of ...
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Safilo Gears Up For The Bourse On The Back Of Improved Results
The world's second-largest eyewear producer formally requested last month a listing on the Milan stock exchange, and a primary and secondary offering of shares in the group are now expected before the end of the year. According to the latest reports, Giorgio Armani and Bernard Arnault, whose licenses for the ...
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Bausch & Lomb Investigates Shady Dealings In Brazil
The company announced on Nov. 3 that it will delay the filing of its official 3rd quarter results because of a pending investigation into scandalous activity in Brazil. An independent probe launched by its board of directors revealed that executives of its Brazilian subsidiary, which generates roughly $20 million in ...
