All Article articles – Page 207
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Fielmann Continues To Gain Market Share In Tough German Market
Fielmann has reported a 3 percent increase in consolidated sales to e158.3 million for the 1st quarter ended March 31. In Germany, where it claims that the optical market declined by 2-3 percent in the period, its sales continued to grow at a rate of 2 percent on a comparable ...
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Indo Improves Margins
Indo's net consolidated income rose by 15.8 percent last year to e2,216,000, despite a 5.6 percent sales decline to e124.9 million, thanks to numerous initiatives started in the last 3 years under the management of Antoni Olivella, resulting among other things in reductions of 12 percent in purchasing costs and ...
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Vendex Sells Hans Anders To The British Cvc Investment Group
Vendex, the Dutch retail company, has sold Hans Anders, the largest chain of optical stores in the Netherlands along with 5 other subsidiaries to CVC Capital Partners. The total price of e394 million values the package of divested properties at 7.8 times annual Ebitda (earnings before interest, tax, depreciation and ...
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Ocular Sciences Appoints European Chief
Diethart Reichardt, a German executive who has spent 24 years with Allergan, has been appointed to the new position of president of Ocular Sciences Europe, with responsibility over all its sales subsidiaries in Europe and distributors in Europe, Africa and the Middle East. The appointment follows OSI's acquisition of Essilor's ...
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Buchmann Takes Over Selected Weco Assets For A Merger With Briot
Buchmann Optical Holding of Belgium now has 100 percent control of Weco Optik GmbH, a new German firm in Düsseldorf that has taken over for an undisclosed sum the manufacturing facilities, patents, distribution rights and other assets of the former Pro-Laser Weco, including its Rodenstock Instrumente equipment operations, but not ...
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De Bourgoing Retires From Leading French Optical Group
Jean-Marie de Bourgoing will retire next October, at the age of 60, as managing director of La Guilde des Lunetiers, the French cooperative that franchises more than 900 Krys, Vision Plus and Vision Originale stores in France. De Bourgoing, who held the post for about 10 years, had already prepared ...
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Salmoiraghi Outlines Improved Results On The Eve Of A New Ownership Change
De Rigo still has time until June 3 to decide whether it's worth for it to invest e113.5 million to buy back the Italian chain it had sold two years ago, after only a few days of ownership, for e50 million to a pool of financial investors, exercising a right ...
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Mido Changes And Shortens Its Dates
The next Mido will by held in Milan for only 3 days, instead of 4, on Apr. 26, 27 and 28 of 2003, but the fair will close at 9 pm every day. Exhibitors and visitors will be able to spend one day less in the city, if they want ...
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Article
Vision-ease And Younger Sue Each Other
Vision-Ease has filed a suit in a Minneapolis court, requesting an injunction against Younger Optics. The lawsuit claims that Younger's polarized polycarbonate lenses, partly sold under the NuPolar label, infringe on Vision-Ease's patents for the molding of thermoplastic materials with a film or a layer. Stating that the claim is ...
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Essilor Institutes A Poison Pill
Essilor International's shareholders voted by a majority of 31 million shares against 9 million in favor of a resolution at the general meeting earlier this month that authorizes an equity increase in case of a hostile bid. With 90.7 percent of the equity now floating freely on the stock exchange, ...
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Sola Switches Its Strategy To Sales Push
Having restored a certain profitability with the migration of production to less costly locations and other measures, Jeremy Bishop, president and CEO of Sola International, is now embarking on a new strategy intended to restore top-line growth, particularly in North America. Some of the fruits will probably appear only in ...
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Luxottica Eyes A 12% Net Margin In 2002
Luxottica's consolidated net income rose by 20.9 percent to e101.1 million in the first 3 months ended March 31, giving the industry leader a net margin of 11.7 percent, and it's now predicting a net margin of 12 percent for the full year on sales of more than 3.3 billion ...
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Hoya's Vision Care Segment Reaches A 17.9% Operating Margin In The Quarter
Higher sales of progressive and high-index lenses in Europe and certain parts of Asia contributed to an 18.3 percent increase in foreign sales for Hoya's vision care division in the financial year ended last March 31, but the company has not yet decided whether it will launch in Europe the ...
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De Rigo Raises Sales By 8.3% In Quarter
De Rigo reported today an 8.3 percent increase in consolidated sales to e143 million for the quarter ended March 31, but gave no profit figures yet. Total unit deliveries of frames and sunglasses rose by 5.8 percent to 1,626,000. Sales through EID, the joint venture with Prada, were up 41 ...
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Fielmann Is Looking For A 30% Market Share In Europe
That's the ambitious goal set by Fielmann for the longer term. Tthe German retail group's supervisory board has been discussing lately possible acquisitions in Spain, Northern Italy and Britain, where its successful discount format seems to have the biggest potential. In terms of volume, Fielmann claims to have reached a ...
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Ciba Vision Has An 8.9% Operating Margin
Ciba Vision improved its operating income sharply to 38 million Swiss francs in the 1st quarter ended March 31, representing 8.9 percent of sales as compared to last year's 1.4 percent. The significant improvement was due mainly to the non-recurring costs of 28 million SF (e19m-$17m) in the year-ago period ...
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Polaroid Launches Polycarbonate Lenses Ahead Of Group's Sale
A group of investors led by One Equity Partners, an investment company controlled by Bank One, the 6th largest US bank, has offered to take over Polaroid Corp., which went into Chapter 11 bankruptcy last October. Others may bid with the US bankruptcy court for the business, and the closing ...
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Bausch & Lomb Turns Around In Quarter
The company reports net earnings of $8.8 million for the 1st quarter ended March 30, as compared to a loss of $1 million in the same period a year ago, due only in part to disposals and to certain benefits from an accounting change. On a comparable basis, net earnings ...
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A Vast Italian Counterfeiting Rink Has Been Uncovered
Tens of thousands of counterfeited sunglasses and eyewear frames were seized in a vast police operation that led to the arrest of 44 persons in the Veneto region and in the rest of Italy during the night between Apr. 21 and 22. These are entrepreneurs, opticians and agents who are ...
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The Cologne Optica Fair Is Over
The long-established Optica fair in Cologne has given up in the war of the German optical trade fairs against Opti München, after a 4-year battle marked by numerous tactical changes. The KölnMesse charges the German industry association, F+0, of having decided too late to hand over the show to a ...
