All Article articles – Page 213
-
Article
De Rigo Reports On D&A's Turnaround
Dollond & Aitchison, the British retail chain of the Italian eyewear group, showed the positive effects of its recent reorganization by raising its sales on a same-store basis by 6 percent in the first 9 months of this year and by 5.9 percent in the 3rd quarter. Not including its ...
-
Article
Fielmann's Growth Rate Declines
The leading German optical retailer raised its sales by just over 4 percent on a comparable basis in the first 9 months of this year, but the growth rate declined in the 3rd quarter and it's expected to be nearly flat in the 4th one. The group is now budgeting ...
-
Article
Esa Thinks Global, Weighs New Projects
The European Sunglass Association, which counts some heavyweights among its 80 members, is working with the Sunglass Association of America and with similar associations in Taiwan, Japan and Australia to establish a world federation that will help promote quality sunglasses and foster the common international standards. ESA's board has ...
-
Article
The Italian Eyewear Industry Forecasts A Fall In Last Quarter
Italian eyewear manufacturers are expecting a fall in business for the last quarter of 2001, due to the international crisis, but officials of the Italian optical industry association, Anfao, state that the reduction will not be severe. The downturn had already set in before September, but judging from the latest ...
-
Article
Rodenstock Steps Into Retailing
Far from pretending that Luxottica's and De Rigo's vertical integration policy is the right strategy to gain market shares in distant markets, Rodenstock's subsidiary in the UK has acquired Allders Opticians, an independent chain of 15 optical retail shops in the region north of London. Steve Ashdown will continue to ...
-
Article
The Fedon Group Doubles Its Net Margin To 10.7%, And Capitalizes On Sports Clubs
Fedon's net profit for the first half of 2001 amounted to 10.7 percent of revenues, twice the level of the year-ago period. The world's leading producer of eyewear cases had already announced a 24.6 percent increase in revenues to 34.5 million euros (see EyeWear Intelligence of Sept. 3). Operating profit ...
-
Article
France's Largest Retail Cooperative May Expand Into Hearing Aids And Belgium
La Guilde des Lunetiers, which groups 642 retailers operating 873 optical retail stores all over France, has approved in principle the project of a merger with Gipa, a cooperative of 140 hearing aid laboratories, trading under the Entendre banner, which have an estimated national market share of 10 percent. Gipa's ...
-
Article
Ferre License May Migrate To Fast-growing Allison Soon
Allison's turnover for the first half of 2001 amounted to 25.8 million euros, not far off from the e27.9 million generated for the whole of the year 2000, with a 5.5 percent profit margin. The Italian manufacturer, which is part of the ITR Holding group, attributes its excellent results to ...
-
Article
Polaroid's Bankruptcy Has No Impact For Now On Its Healthy Sunglass Business
Swiss-based Polaroid Eyewear and other non-US subsidiaries of Polaroid Corp. are not involved in the Chapter 11 bankruptcy of their US-based parent company, requested last Oct. 12 because of ongoing problems in its core photographic business and total debts of about $950 million. Polaroid cut its staff from 8,800 to ...
-
Article
Italy's Contract Manufacturers Did Better Than Expected At Silmo
Seven out of ten medium-sized Italian contract manufacturers didn't meet their usual clients from the USA and the Middle East at the Silmo fair that took place in Paris a few days ago. The meetings had been cancelled, but almost all the producers had already made arrangements to see them ...
-
Article
Carrefour Emphasizes Brands
With their higher-end models presented in closed glass windows inside the store, branded eyewear frames have come to represent about half of the total assortment in a new format of L'Optique Carrefour. Launched last July at en enlarged 200-square-meter shop in the Every II shopping mall near Paris, the new ...
-
Article
Vittorio Tabacchi Is Negotiating The Ysl License And Planning A Future Ipo, His Brother Dino Will Keep His Safilo Shares,
Vittorio, chairman and CEO of Safilo, had one more meeting at the Silmo fair in Paris last week to try to persuade LVMH executives that Safilo's planned acquisition of the Yves Saint Laurent brand would not affect sales of its Christian Dior collection, licensed from LVMH. The YSL ...
-
Article
Indo Improves Margins, But Sales Decline
Consolidated sales declined by 9 percent to 10,962 million pesetas (e65.9m-$59.9m) in the 1st half of this year for the leading Spanish eyewear group, but they would have declined only by 3 percent excluding the revenues of Laem, a hearings aid operation sold in September of last year. Indo ...
-
Article
Ic Optics Looks To The East
IC Optics closed the first half of 2001 with turnover of 25.8 million euros, up 25 percent as compared with the same period last year, and a pre-tax profit margin of almost 4 percent. The Italian firm has revised its growth forecast for the full year, as a result of ...
-
Article
Metzler, Filos And Moulin Form The New European Eyewear Group
European Eyewear AG is the tentative name chosen for the new holding company, being registered in Stuttgart, that will combine all the assets of Germany's Metzler and Italy's Filos Group, in addition to some of Moulin International's operations outside Asia. The key word is critical mass. In 2002, the new ...
-
Article
Oakley's Growth Is Flattening Out
With sales up 6.5 percent to a new record of $114 million, Oakley performed relatively well in the 3rd quarter ended Sept. 30, despite the termination of its long-standing relationship with Sunglass Hut, but the immediate look is somber. The management is anticipating sales of only about $90 million in ...
-
Article
Valberra Is In Liquidation
Valberra, a relatively well-known medium-sized manufacturer of eyewear frame from Italy's Belluno region, went into liquidation on Aug. 24. Production came to a halt on Oct. 3, and the workforce of just under 100 people was laid off. The firm's fate now lies in the hands of the liquidator, Bruno ...
-
Article
Safilo's Net Grows By More Than 50%, But The Second Half Looks Iffy
Safilo's management is confident of obtaining better results in the current fiscal year than it did in the year 2000, when it reached a net profit of almost 50 million euros on sales of e685.5 million. However, order volumes are shrinking due to the economic crisis in the USA, which ...
-
Article
De Rigo Doubles Its Net Earnings, Adds Marc Jacobs Line
De Rigo's good relations with LVMH have been reinforced by the finalization of an agreement to manufacture and distribute a new collection of eyewear and sunglasses that will come out in 2002 under the name of Marc Jacobs, the American designer of Louis Vuitton, who also has a fashionable apparel ...
-
Article
The American Tragedy Impacted Also Grandvision
The European market is suffering also from the American tragedy. GrandVision says it experienced sharp sales declines at all its stores throughout Europe, except in Luxembourg, in the first few days that followed the Sept. 11 terrorist attacks in America. Most affected were the big GrandOptical stores in Paris, such ...
