All Article articles – Page 47
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ArticleMarcolin sales down 30% in 2020
Severely impacted by the Covid-19 pandemic, the Marcolin Group reported a 30.1 percent year-on-year dive to €340 million in revenues for its financial year 2020, representing a 28.3 drop in constant currencies. The group does not communicate sales by product categories but the strong focus of its portfolio on sunglasses ...
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ArticleBausch gears up to spin off B+L
As part of its quarterly results’ announcements, Bausch Health said that it was accelerating the preparations for the spin-off of its Bausch + Lomb business. Having just completed its financial segmentation of the unit, the company said it expects to be ready for the operation in Q3 2021. The process ...
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ArticleInternational sales drove Hoya’s lenses' business in Q1
Hoya Corporation reported a 12 percent year-on-year increase in group revenues for the last quarter of its 2020/21 financial year ended on March 31, 2021, or an 11 percent growth in constant currencies. The quarterly performance was driven by a solid growth in the group’s IT department, but the health ...
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ArticleInternationalization fueled Fielmann Q1 sales' growth
Fielmann Group reported a 9.2 percent year-on-year increase in external sales including VAT and changes in inventories to €444.9 million, a revenue level also higher than in Q1 2019. The increase was mostly attributable to the integration of the recently acquired Óptica & Audiologia Universitaria business in Spain. However, the ...
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Inspecs reports 5 % hike in Q1 revenues
Eyewear designer Inspecs reported a rise in like-for-like first quarter revenues despite the Covid-19 pandemic’s impact on operations. The frame maker and distributor posted revenues of $67 million for the three months to March 31, up 5 percent on a comparable basis year on year, according to a company spokesperson.The ...
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Vision Expo East upbeat about its 2021 edition
The Vision Council and Reed Exhibitions, joint organizers of the Vision Expo eyewear trade shows, seem upbeat about the next edition of Vision Expo East, which should be the first major industry event to take place since the outbreak of the Covid-19 pandemic. Initially planned to take place from May ...
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ArticleStrong rebound for Kering Eyewear in Q1
Kering Eyewear revenues strongly rebounded in the first quarter of the current financial year, after having declined by 8.6 percent in the second half of 2020. Total revenues in the Corporate & Other segment of the French luxury group, which accounts for 96 percent of Kering Eyewear ...
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ArticleGV reports improved margins on slightly lower sales in Q1
GrandVision reported slightly declining Q1 revenues for 2021 as compared to 2020, as its business was still significantly impacted by the consequences of the Covid-19 pandemic, particularly in Europe. However, the retail group almost doubled its EBITDA over the same period thanks to an overall improved product mix, continued cost ...
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ArticleVisottica Comotec reinforces, diversifies portfolio with new acquisition
Visottica Comotec, the Italian supplier of eyewear components, announced on April 10 the takeover of Eurodecori, another Italian company that specializes in the supply of small metallic parts and accessories for the eyewear industry as well, but is also active in the fashion, leather goods and giftware ...
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Opti organizers give 2022 update
Klaus Paschka and Bettina Reiter, respectively managing director of Gesellschaft für Handwerkmessen (GHM) and exhibition director of opti, gave an update on April 15 about the next edition of the German trade fair in the form of a corporate interview on the show’s website. After a blank year in 2021 ...
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The Vision Council releases diversity report
The Vision Council just released the results of its first Diversity, Equity and Inclusion (DEI) report, based on a survey among its members at the end of last year, for which the organization received a total of 1,527 responses. All survey participants were based in the U.S., with retailers and ...
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ECOO, ZVA criticize EU decision in Essilux-GV case
The European Council of Optometry and Optics (ECOO), the Brussels-based umbrella association, and the Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists, both released official statements at the end of last month criticizing the terms of the European Commission’s clearance of the takeover of GrandVision ...
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Fedon sales down 34% last year
In a difficult year marked by the Covid-19 pandemic, Fedon, the Italian specialist in eyewear cases and leather goods, reported a sharp decrease in revenues but managed to keep positive EBITDA figures. Total sales of the Italian group fell by 34 percent year-on-year to 42.3 million euros in 2020, a ...
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Essilor France benchmarks the performance of its partner opticians vs. others
According to a report commissioned by Essilor France to the research company Galileo Business Consulting every year since 2011, opticians partnering with the lens maker in France have been performing better on average than the other optical shops in terms of revenues and gross margin progression since 2007. The last ...
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ArticleZVA sees German market down 7.4 percent last year
Like for most other business sectors, 2020 turned to be a difficult year for the ophthalmic optics market, as shown by the latest figures published by the Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists. Overall, the German eyewear sector faced a 7.4 percent drop ...
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French retail heavyweights slightly raised market share in 2020
In the last couple of weeks, the Krys Group, Optic 2000 and Afflelou, three of the main retail players in France totaling more than 3,000 stores and an aggregated market share estimated at between 35 and 40 percent, reported drops in revenues varying from 8.5 percent to 10 percent for ...
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J&J Vision partners with Menicon in ortho-k lenses
Johnson & Johnson Vision Care and Menicon, the Japanese contact lens specialist, announced on April 7 the signature of a global partnership in the field of orthokeratology contact lenses designed to slow the progression of myopia among children. According to the joint statement, Menicon will keep developing and manufacturing the ...
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The Vision Council reports signs of recovery in the U.S. market
The U.S. vision care market declined by 17.4 percent year-on-year to $36.05 billion at retail between December 2019 and December 2020, according to The Vision Council that just published its quarterly VisionWatch report for last year’s Q4. The market started to recover at the end of the year with retail ...
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Italia Independent core eyewear sales up 18% in 2020
The Italia Independent Group delivered positive results for 2020, in line with the group´s turnaround plan that calls a return to net profit by 2023. In reported terms, total sales increased by 46.1 percent year-on-year to €11.3 million and the group’s EBITDA almost reached the break-even point. The 46 percent ...
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Vision Group interested in Essilux and GV Italian stores
Vision Group, one of the leading Italian retail players, said that it was interested in studying the takeover of the 174 Italian stores to be divested if EssilorLuxottica and GrandVision eventually agree on the planned takeover. The divestment, which is a prerequisite for the European Commission to authorize the transaction, ...
