All Article articles – Page 211
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BAUSCH & LOMB LAYS OFF 700 MORE PEOPLE AFTER A $8 MILLION LOSS IN THE 4th QUARTER
Reflecting the general slowdown of the US economy, the company's revenues in the last quarter of 2001 were off 3 percent to $452 million, although the decline was limited to 1 percent at local currency rates. Sales of contact lenses fell by 4 percent, lens care products sales decreased 16 ...
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Alain Afflelou Gets Ready for the Stock Exchange Alain...
Alain Afflelou Gets Ready for the Stock Exchange Alain Afflelou, the French optical chain, is getting ready for a possible stockmarket introduction through Crédit Lyonnais, but company officials emphasize that a date has not yet been set. The flotation could help the chain to finance the planned development of ...
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Allergan Will Split Its Business Into Two Separate Companies
Citing fundamental differences between its two main product lines, the US company announced its decision to form an independent firm, Advanced Medical Optics, to take over by the middle of this year its entire non-pharmaceutical eye care business, consisting of contact lens solutions and other ophthalmic, surgical and contact lens ...
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The Ysl Licence Has Gone To Safilo, And Sales Are Already Underway
We had already anticipated this momentous deal, which has a duration of 5 years and which had been in the works for quite some time, but it's official now. Yves Saint Laurent's new owner, Gucci Group, probably wanted to wait for its announcement until Jan. 14, in connection with Saint ...
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The European Sunglass Association has decided to postpone until next...
The European Sunglass Association has decided to postpone until next year the implementation of a project to organize an annual meeting point and convention for the sunglass industry in Monte Carlo. Extended to buyers and to the whole fashion industry, the new event was going to take place next September. ...
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Coopervision Buys Biocompatibles
The concentration of the contact lens business is going on unabated, with specialty lens products becoming a nice prey in an otherwise slow-moving market. CooperVision, one of the strongest players in the sector, has now signed a definitive deal to take over the contact lens business of Biocompatibles International for ...
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CIBA Vision is participating in the reorganization of the global...
CIBA Vision is participating in the reorganization of the global contact lens business with the establishment of a new business unit for specialty lenses, where the company is seeking a stronger presence. Tim Barnabe, who has been CIBA Vision's finance controller, is heading up the new BU.
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Kapunkt's Reorganization Is Completed
The world's largest producer of better eyewear cases, Fedon, has now completed the reorganization of Kapunkt, the German firm acquired when the latter was on the verge of bankruptcy in 1999. The year 2001 marked the end of Kapunkt's losses in Germany, following a reduction in the German office's staff ...
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De Rigo Grows Strongly In Luxury Sector
The group's wholesale and manufacturing division continued to drive sales growth in 2001, posting a 27.1 percent increase to 133.6 million euros. In particular, sales of luxury and designer brands rose by 72.3 percent in value and by 31.6 percent in units. Besides its EID joint venture with Prada, which ...
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Fielmann is opening its first Dutch store under the Fielmann...
Fielmann is opening its first Dutch store under the Fielmann banner on Feb. 14 in Enschede, near the German border. The future Dutch stores of the German chain will all have the Fielmann sign and follow its low-price philosophy. As it had already done in Switzerland, Fielmann had previously bought ...
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Exhibitors Take No Sides Yet In The Munich-cologne Sparring Match
The ?duel? between the two German fairs goes on? The Opti München fair in Munich closed to a resounding success on Jan. 13. Only one month later, Optica in Cologne will try hard to re-establish its reputation, with a focus on ?Made in Germany? and a new, more efficient structure. ...
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Vision Expo, to be held in New York on March...
Vision Expo, to be held in New York on March 15-17, 2002, is dedicating a whole day this year (Saturday 16) to an analysis of the eyewear market in the current critical economic situation, with 4 theme-based round table discussions in which experts and executives will participate. The first of ...
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Exporters To The Usa Are Required To Register With The Fda
All non-US manufacturers of eyewear and components wishing to sell and distribute their products in the USA will be required to register their name and address with the Food and Drug Administration and choose an ad hoc agent in the USA. The new FDA regulation, which comes to effect on ...
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Johnson & Johnson Has A New Top Management
True to its tradition, the huge American conglomerate is not bringing in any outsiders into the cockpit. Johnson & Johnson's top management will change in April when William C. Weldon succeeds Ralph Larsen upon his retirement as the group's chairman and CEO. James T. Lenehan will become president and vice ...
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Trenti Bucks The Trend With A 20% Sales Increase
Trenti Industria Occhiali, Italy's oldest producer specializing in children's eyewear, was among the 8 winners of the traditional gold awards bestowed on the best exhibitors at the last Silmo fair in Paris. The company employs 45 people, and was founded in 1959 by its current owner, Walter Da Rin. ...
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French Optic 2000 Retail Group Adopts Sap, Eyes Major Future Investments
Celebrating its 1,000th affiliated store in one of Paris' most famous restaurants, the Optic 2000 buying group announced recently the start-up on Jan. 1 of a sophisticated SAP supply chain management system and other interesting projects. The new efficient response program will handle order entry, invoicing, logistics and other functions, ...
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Coopervision Claims A 6.3% World Market Share In Contact Lenses
CooperVision (CVI) expects to maintain good operating margins next year, although its gross margins will be reduced as distributors in France, Germany and Japan will generate a higher percentage of its total revenues. In the year ended last Oct. 31, this division, by far the biggest one within the Cooper ...
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Italian Frame Exports Decline By 9%, But The Euro Is Opening Up New Horizons
The negative economic cycle in some major markets, made worse by the recent terrorist and military events, has affected the Italian eyewear industry's exports this year. Frames have suffered badly, while the slowdown of the sunglass market has been softened by the fact that Luxottica has consolidated Ray-Ban's production into ...
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Sichel & Sichel Acquires Platinum
Sichel & Sichel and Platinum are both relatively small Italian firms with complementary activities in the eyewear sector. The former, which has belonged to the Sichel family in Padua for generations, has a strong distribution base and has the exclusive distribution in Italy of Berthet Bondet and others. Platinum is ...
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Magma Buys Another Company And Gets The North Sails License
Magma Italia has signed a licensing agreement with Tomasoni Topsail, the Italian company that markets the North Sails line of apparel, for the production and distribution of sports sunglasses under that brand name. Specialized sports eyewear, Magma already has the Blackflys, Tyr Sport and Quiksilver sports eyewear lines in its ...
