All Article articles – Page 230
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American Market Held Steady In 2007
The market for eyewear and eye care in the United States had a slight drop of 0.1 percent in revenues in 2007, VisionWatch, the ongoing survey of U.S. consumers, has found. The volume was $28.578 billion, almost unchanged from $28.603 billion in 2006. Dollar sales of frames and lenses were ...
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Carl Zeiss Vision Will Boost Management After 3% Growth Last Year
Carl Zeiss Vision is expected to announce shortly the appointment of a top-notch chief operating officer with global responsibilities, a new function within the group. Reporting to Norbert Gorny, president and chief executive, he will be in charge of coordinating the activities of the group's laboratories around the world now ...
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Hal Enters Luxembourg And India After A 4.4% Same-store Increase In Optical
While reporting new record financial results, HAL Holding has announced two deals that will allow its 97-percent-owned Pearle Europe subsidiary to enter two new markets. The most important one concerns the big Indian market, where it is looking at a potential network of 500 stores that would be built from ...
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Giuliano Tabacchi's Family Sells 50% Stake In Aspesi
Giuliano Tabacchi, brother of Vittorio and Dino Tabacchi, and his son Guglielmo have signed an agreement to sell their 50 percent stake in Alberto Aspesi & C to a private equity fund, Investitori Associati. The remaining 50 percent of the capital of the Italian fashion house, which has apparel stores ...
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Safilo Could Go Private Again
The website mergermarket.com said that Safilo has attracted the attention of investment funds such as CVC, Candover, Civen and Permira ever since its share price fell to around €2.0 from the €4.9 price of its initial public offering held in December 2005. If any of them steps in, the world's ...
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Essilor Eyes Asia For Future Growth
Essilor's sales in emerging markets are growing at an annual rate of around 15 percent overall, indicating that they will represent more as a percentage of total sales in the future than the current ratio of 10-12 percent. While Brazil and other countries in Latin America and Eastern Europe are ...
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This issue is bigger than usual because we have a...
This issue is bigger than usual because we have a lot of current and exclusive information to give you. Subscribe to the first European business newsletter in the optical sector to get this sort of information in only a few pages (mostly 4,6 or 8) 12 times a year, giving ...
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Article
Big Management Changes At J&J In Europe
Rob Hollin has been promoted as president of Johnson & Johnson Vision Care for Europe, the Middle East and Africa (EMEA), replacing Juan Bachs, who is being assigned to a yet unspecified function within the group. Based in the UK like before, he will also be a member of the ...
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Luxottica Confirms Guidance, But Braces For Some Weaknesses
Luxottica confirmed last week its recent guidance of a 16 to 17 percent rise in sales in 2008, based on constant exchange rates, to €5.60-5.75 billion. That forecast was was already released in February and is based on an average euro-to-dollar rate of 1.45. The rate now stands at around ...
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New Chairman For La Guilde
Bernard Désir has been elected as the new chairman of La Guilde des Lunetiers, the French cooperative that controls Guildinvest, a buying and franchising group to which more than 3,700 stores are affiliated in France, Spain Belgium, Poland and Morocco. They reached combined sales of €924 million in 2007, up ...
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Coopervision Ramps Up Hydrogel Output
Silicon hydrogel contact lenses were the big missing piece in the production apparatus of CooperVision (CVI), on which the company is spending $400 million to upgrade and expand while doubling its distribution facilities. With the right equipment now in place, the company has decided to bring forward to next month ...
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De Rigo Opens A Sales Office In Portugal
After setting up its own sales subsidiaries in Korea, Croatia and Brazil, the Italian group has decided to open one in Portugal, a country in which De Rigo felt under-represented as compared to the position it enjoys in other European markets. The goal is to double its sales in the ...
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Executive Rises To Top Of Shamir
Eyal Hayardeny, executive vice president and vice president for business development of Shamir Optical Industry, will be the president and chief executive of the Israel-based company effective Apr. 2. He joined the company in his current position in 2005. He replaces Gioria Ben-Ze'ev, who will remain vice chairman of the ...
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We are launching EYEWEAR INTELLIGENCE, the first pan-European newsletter on...
We are launching EYEWEAR INTELLIGENCE, the first pan-European newsletter on the international eyewear market, intended to provide exclusive facts and figures on the international eyewear market, focusing on Europe. Bold letters and underlinings help you to go through the relevant information fast and easily, saving your precious time. Published in ...
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The Russian Market Is Growing Fast
Growing demand for the more sophisticated lenses and prescription frames developed by the major international brands is rapidly changing the structure of the optical retail trade in Russia, driven by the country's booming economy and the development of new shopping centers. The first full-fledged modern chains have started to emerge ...
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Vision-ease Withdraws Ipo Plans, Goes Greener
Vision-Ease Lens has decided against its previous plan to go public, which it had formulated to the U.S. Securities & Exchange Commission back in October 2006. The turbulent stock market situation was cited as a reason for the move. Instead, the company will be refinanced with an injection of $117 ...
