All Article articles – Page 222
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Marcolin Gets The Miss Sixty License
A new licensing agreement between Marcolin and Sixty, an Italian young fashion house that is budgeting a 540 billion lire (e279m-$231m) turnover for 2000, calls for Marcolin to produce sunglasses and prescription glasses with the Miss Sixty brand name for the global market. The new business is expected to generate ...
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Sola Sunlens Has Moved To Italy
The strategic center of Sola Sunlens, the sun lens division of the American Sola group, has moved from Miami in Florida to Varese in Italy. The Miami office, which had 20 employees, has been closed, and the firm's entire sun lens business has been transferred to Varese under the management ...
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Grandvision Should Improve Faster In 2001
This year's results will be affected by higher-than-expected costs for the acquisition or renovation of stores, but some tangible positive effects of this policy of accelerated expansion should be felt in 2001. GrandVision will have opened or acquired a record of 120 stores of all kinds in the year 2000, ...
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Essilor Forms New Future-oriented Partnerships, Raises Net Earnings By 25%
Essilor International has signed up Johnson & Johnson Vision Care as its first partners in a new business-to-business internet portal, VisionWeb, that should become operational in the USA at the start of 2001. The two leading companies are looking for new financial partners in the new initiative, which is intended ...
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Cantor Acquires Nissel
The acquisition of Nissel by its larger British competitor, Cantor & Silver, has led to the establishment of a new company, Cantor & Nissel, that claims to be probably the largest independent European-based manufacturer of special contact lenses. Besides artificial eyes and a variety of other cosmetic and prosthetic products ...
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European Court Allows French Mutual Insurance Firms To Control Optical Shops
French optical stores owned by mutual insurance companies, which have already reached an estimated market share of 17 percent in the country, are likely to continue to develop at the detriment of other optical retailers following two recent judicial verdicts. A parliamentary bill, which should be voted into law by ...
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Optometrists Get A Favorable Court Ruling In Germany
German optometrists have scored a partial victory in the German Constitutional Court, which cancelled last Aug. 7 a previous decision by the Supreme Federal Court that had banned them on Dec. 10, 1998 from carrying out measurements of intraocular pressure and the visual field. The Consitutional Court has asked ...
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De Rigo Multiplies Its Net By Four, But Its Debt Load Rises Sharply
After announcing a healthy 38.9 percent rise in turnover in the first 6 months of this year, as reported in the last issue of Eyewear Intelligence, De Rigo can now boast a sharp increase in earnings for the same period. They shot up from to 13.5 billion lire (e 6.97m-$6.2m) ...
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Silmo Fair Diversifies
The successful Paris trade show has not yet reached the limits of growth. The number of square meters sold for SILMO's next session, scheduled for Oct. 27-30, has risen by 10 percent as compared to the year-ago edition. The number of exhibitors is set to grow to 950 from 910, ...
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Sunglass Hut Reassesses Its European Expansion
Sunglass Hut has closed its small store in one of Paris' airport terminals, and it's looking for new tenants to take over its two existing leases in downtown Paris, but company executives deny a rumor that it plans other store closings throughout the Continent. In fact, the US chain, whose ...
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Fielmann's Fast Progress Goes On
The German market leader achieved a 9.3 percent sales increase on a comparable basis in the 1st half of this year, contributing to boost the group's pre-tax earnings by 14.1 percent to 65.8 million DM (e33.6m-$29.7m). A record pre-tax profit of 137 million DM (e70m-$62m) on external sales of 1.4 ...
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Grandvision Internationalizes Solaris
The French-based optical retailing group has opened its first Solaris sunglass shops outside its home country, targeting mainly airport locations and tourist resorts in the sunnier Southern European countries. Two stores were opened recently in Lisbon. Four others will open shortly at A1 locations in Italy ? 2 in Milan ...
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Marcolin Has Higher Profits As Well
Marcolin's finances are improving. In the first half of 2000, Italy's 4th largest eyewear company, floated just 12 months ago on the Milan stock exchange, improved slightly its pre-tax earnings to 10,588 million lire (e5.5m-$4.8m). The pre-tax margin thus rose to 8.4 percent of revenues, after dropping from 10.3 to ...
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Essilor Reports A 22.6 % Increase In Net Income For The First Half Of 2000
Sales increased by 18.7 percent in the first half ended June 30 to 975.3 million euros, with gains in all the major markets, especially in Europe. In Germany, Essilor International recorded a double-digit increase following a management reorganization. New products such as polycarbonate lenses and the new Panamic line of ...
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The Deadline For Ciba's Bid For Wesley Jessen Is Once Again Postponed To Aug. 23
Ciba Vision had already postponed to one week ago the expiration date for its $785 million tender offer for Wesley Jessen, which it had first announced last May 30, leading Bausch & Lomb to withdraw its own cheaper bid. Ciba Vision has postponed the deadline again to Aug. 23, citing ...
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Hoya Now Sells Fewer Lenses In Japan Than Abroad
Last September's acquisition of Buchmann in Belgium and last April's takeover of ORI in the USA, which were not consolidated before, helped to boost by 40.1 percent to 10,783 million yen (e108m-$99m) the foreign turnover of Hoya's vision care division in the first quarter ended June 30, representing for the ...
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Bushnell Acquires Serengeti
Worldwide Sports & Recreation, a US company known also as Bushnell Sports Optics, plans to complete at midnight today the takeover of Serengeti Eyewear, the US premium-quality sunglass company acquired by Stephen «Rusty» Nevitt from Corning in February 1997 for $27.5 million. Nevitt, who has been running Serengeti since the ...
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Allergan Cooperates With Johnson & Johnson In New Global Alliance
Vistakon, which claims to be the world's largest supplier of contact lenses, is teaming up with Allergan, the second-largest international supplier of contact lens solutions and other eye care products, to expand the contact lens market by optimizing the comfort factor. The two companies will carry out coordinated research, education ...
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General Optica And The Prada Alliance Begin To Show Up In De Rigo's Results
De Rigo has not reported its earnings for the first half of this year, but its sales figures for the period reflect for the first time its investments on retailing on the Iberian peninsula and the first fruits of its alliance with a powerful fashion partner, Prada. They show a ...
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Zeiss Turns Around And Gets A New Ceo
Dieter Kurz, 52, will succeed next Jan. 1 Peter Grassmann as CEO of Carl Zeiss, presiding over an enlarged management board. A physicist, Kurz had joined Zeiss in 1979 as a project manager. He became a member of the management board at the beginning of last year. As reported, ...
