All Article articles – Page 49
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Article
National Vision finds growth potential in a pandemic economy
National Vision, the U.S.-based optical retailer behind the America’s Best and Eyeglass World banners, registered a second consecutive quarter of double-digit increase in sales after big declines in the first half of the year due to the Covid-19 crisis impact. For its fourth quarter ended Jan. 2, the company booked ...
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ArticleThe European soft contact lenses’ market decreased by 9% last year
The European wholesale market for soft contact lenses decreased by 9.1 percent year-on-year to €1,376 million in 2020 according to data collected in 13 countries by Euromcontact, the European federation of national associations and international contact lenses manufacturers. The countries included in this research are: Belgium, Luxemburg, Denmark, France, Germany, ...
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Article
Essilux proposes a new slate of board directors
EssilorLuxottica’s board has released a new slate of candidates for the board of directors that will be proposed to shareholders at the forthcoming annual general meeting (AGM). The company’s representatives are Leonardo Del Vecchio, Francesco Milleri, Paul du Saillant, Romolo Bardin, and Juliette Favre. The candidates for the seats of ...
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ArticleGrandVision revises down slightly its Q4 results
In the fourth quarter, GrandVision posted revenues of €981 million, down by 1.8 percent at actual currency rates and up by 1.0 percent at constant currency rates. Comparable sales growth was 0.7 percent. In its preliminary results, released on Jan. 22, the Dutch optical retailer had estimated comparable revenue growth ...
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Article
Bausch Health expands board after deal with activist shareholder
The Canadian healthcare company Bausch Health will expand its board of directors to add two representatives of the activist investor Carl Icahn. With the two new appointments, the board will have 13 directors. Under the agreement, Brett Icahn and Steven Miller will be appointed to the board as new independent ...
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Article
German suppliers saw their sales drop 9.5% last year
The Covid-19 pandemic put a brutal end to a decade of steady growth for the German eyewear industry, according to a new report by Spectaris, the national trade association. After a record sales’ increase of 5.4 percent in 2019, revenues of German suppliers of optical products dropped by 9.5 percent ...
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ArticleTOG sales down 9 percent in spite of improved product mix
The Thai Optical Group (TOG) posted overall revenues of 1,850 million baht (€50.9m-$61.5m) for its financial year ended Dec. 31, down by 9 percent from the previous year. Sales of lenses and services to external customers decreased by 8 percent year-on-year to THB 1,838 million (€50.5m-$61.2m), with sales of standard ...
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ArticleContact lenses drove Alcon recovery in Q4
Alcon reported a 2 percent year-on-year increase in total revenues to $1,925 million for the fourth quarter of its 2020 financial year, marking a return to positive growth figures after two consecutive negative quarters. In constant currencies, total sales increased by 1 percent. Sales in the vision care business unit, ...
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Article
Solstice Sunglasses files for bankruptcy protection
Solstice Marketing Concept LLC, owner of the Solstice Sunglasses retail chain, filed for Chapter 11 bankruptcy protection last week in the Southern District of New York, after its sales nose-dived by more than 50 percent last year from 2019 levels. The company highlighted the impact of the Covid-19 crisis and ...
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ArticleItalian fashion industry still expects sharp declines in H1
The Italian fashion industry still expects sharp declines in sales during the first two quarters of 2021, after falling by 26 percent in 2020 due to the Covid-19 pandemic, according to a survey released by Confindustria Moda, the umbrella association which comprises Anfao, the trade association representing eyewear manufacturers; Sistema ...
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ArticleFrench ready to raise their eyewear budget
88 percent of French consumers plan to maintain or raise their budget for their next purchase of prescription eyewear, according to the results of a new survey by Opinion Way, a research company commissioned by Gifo, the French eyewear industry association, and the Silmo trade show. This result represents a ...
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ArticleMemberships and international sales up at Menicon
Menicon, the Japanese contact lens specialist, posted last week stable revenues of JPY63.4 billion (€496.3m-$599.8m) for the first three quarters of its current fiscal year, a 0.1 percent increase only from the previous year. Sales of contact lenses and care products went down by 2.5 percent year-on-year to ¥28.9 billion ...
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ArticleKering Eyewear’s sales recover in H2
In 2020, Kering Eyewear posted sales of €487.1 million, down by 17.6 percent on a comparable basis. After being hard hit by Covid-19 related lockdowns in the first half, particularly in travel retail, revenues recovered in the second half, when the decline narrowed to 8.6 percent. After excluding €88 million ...
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ArticleGFK estimates French market fell by 11% in 2020
GFK provided the Club Inter-Optiques’ conference participants with more detailed figures on the French optical market, giving it a value of €5.9 billion in 2020, representing a 10.7 percent year-on-year decline as mentioned in the previous article. In volume, the company estimates that 1.3 million fewer corrective eyeglasses were sold ...
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ArticleFrance and Germany fared better than Italy and Spain last year
In an online presentation to the members of Club Inter-Optiques, a French eyewear professionals’ association, GFK announced the results of its annual research on the optical market in France and four other European countries for 2020. The company’s results are based on sell-out data from a representative panel of opticians ...
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ArticleThélios, Mazzucchelli, Eastman to work on sustainable innovation
Thélios, the Italian eyewear manufacturer resulting from a joint venture between LVMH and Marcolin, the Italian acetate-sheet manufacturer Mazzucchelli 1849 and the American specialty chemical group Eastman have joined forces to develop sustainable innovation in the eyewear industry. “Sustainability has become a business imperative. We have chosen to team up ...
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ArticleEU to decide on Essilux's takeover of GrandVision on April 12
The European Commission has set April 12, 2021 as the latest deadline for the end of an in-depth investigation into EssilorLuxottica’s proposed €7.2 billion takeover of GrandVision. The deadline has been postponed several times. The proposed deal, referred to as case M.9569, was notified to the Commission on Dec. 23, ...
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ArticleItochu and Aquafil join forces to sell recycled nylon
The Japanese trading company Itochu and the Italian chemical firm Aquafil have entered a partnership to promote and expand the businesses of circular nylon production. In 2011, Aquafil created the Econyl Regeneration System that turns recovered nylon waste such as fishing nets, carpets and post-industrial waste back to caprolactam (CPL), ...
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ArticleFrench pay 7% more from their own pocket for eyeglasses
Carte Blanche, the French healthcare organization, has analyzed two million purchases by French consumers in 2020 and the related social security and private insurance refunds in the optical and dental sectors in order to assess the consequences of the healthcare reform introduced on Jan. 1 last year. Called “100% Santé” ...
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ArticlePro Optik goes online, plans to add 200 stores by 2025
Pro Optik, a German optical retail chain with about 150 stores, opened its first e-commerce website in January, offering direct purchase and delivery for most of its ranges as well as live consultations with opticians. Products offered online include single vision glasses, sunglasses, contact lenses and eye care products. For ...
