All Article articles – Page 58
-
Article
Facebook wants to become a shopping platform
In response to the current corona crisis with the worldwide closure of many physical shops, Facebook has started to integrate a shopping function into its main social network, as it has already been doing on Instagram. Mark Zuckerberg, founder and chief executive of Facebook, said in a livestreamed video on ...
-
Article
Zeiss claims a higher market position in eyeglass lenses
In reporting its results for the first half of its financial year, ended on March 31, Carl Zeiss said it expanded its position in the market for eyeglass lenses. Without breaking down the figures, it said that the Vision Care division saw growth during the period, but gave no details. ...
-
Article
Visa witnesses “massive” surge in e-commerce use
Confirming other studies showing that the Covid-19 pandemic and subsequent lockdowns have spurred online sales, the financial services company Visa said that it is seeing a “massive acceleration toward e-commerce adoption.”
-
Article
Blackfin expects it will take one year for the market to stabilize
The high-end Italian brand Blackfin expects the market will take a year to recover from the blow of the Covid-19 pandemic. Despite, the ongoing talk that the crisis will favor the digitalization of the economy, the company prefers to continue relying on human contact to serve its clients.
-
Article
Ferragamo enjoys strong recovery in China
The Italian fashion house Salvatore Ferragamo is experiencing a strong recovery in sales in China as the situation in the country returns to normality after the Covid-19 outbreak and subsequent lockdown, according to chief executive Micaela Le Divelec Lemmi. Marchon is the licensee of the brand for eyewear.
-
Article
Richemont enjoys strong demand in China but warns that Covid-19 impact may last
As China has become the bellwether on how fast an economy can recover from the Covid-19 crisis, Richemont pointed out that it is currently enjoying strong demand in the country. Nevertheless, it warned that the impact of the virus on the global economy may last a long time.
-
Article
French customers’ purchasing intentions remain unchanged despite Covid-19
A large majority of French customers still have the same purchasing intentions and related budget for eyeglasses and sunglasses, in spite of the coronavirus crisis. This is the main result of an opinion poll conducted last week by OpinionWay, commissioned by GIFO, the French optical industry association.
-
Article
The EU further extends deadline for Essilux-GrandVision probe
The European Commission has pushed back to Aug. 13 the deadline for completion of its in-depth anti-trust investigation into EssilorLuxottica’s planned takeover of GrandVision, according to a filing on its website.
-
Article
OWP takes over Flair
OWP Brillen, owner of the private OWP and Metropolitan brands as well as the licensed Mexx eyewear brand, acquired the Beck Group, including its subsidiary Bexx Brillenmode, on March 17. The Beck Group, located in Oelde, Germany, is better known for its high-end Flair brand name. It will be run ...
-
ArticleInspecs’ new Vietnamese factory attracts new clients
The Inspecs Group suffered delays in the extension of its Vietnamese factory as a result of the Covid-19 pandemic. But the project is nearing completion and production in the new section is scheduled to start towards the end of the second quarter. In the meantime, the company is shipping goods ...
-
Article
Paris, Milan take to digital catwalk
The Paris and Milan fashion weeks for the presentation of spring/summer 2021 menswear collections will be held digitally this year, with Paris preceding Milan and inverting the traditional international fashion show calendar as presentations go online due to the Covid-19 pandemic. Fédération de la Haute Couture et de la Mode, ...
-
Article
Safilo’s CEO expects Covid-19 to change the way to do business
Angelo Trocchia, the chief executive of Safilo, believes that the Covid-19 pandemic, and subsequent lockdowns worldwide, will spur the digitalization of the company and force it to rethink its business model. The most significant impact could be on the working relationship with wholesale clients.
-
Article
Menicon completes expansion of disposable contact lens factory
Menicon has completed the extension of its production site in Kakamigahara, Japan, where it manufactures daily disposable contact lenses. The investment will enable the company to gradually increase production to over 500 million lenses from 90 million.
-
Article
Altagamma predicts 20 percent drop in global luxury goods sales this year
Global sales of luxury goods are forecast to fall by 20 percent this year, with Europe most affected. It could take until 2023 to return to 2019 levels, according to forecasts by Altagamma and the consultancy Bain & Company.
-
Article
Bausch Health’s Q1 revenues flat
Bausch Health’s sales were constrained by the Covid-19 pandemic but the global consumer and international prescription activities of its Bausch + Lomb eye care division posted strong growth. It expects a recovery from the latter part of the second quarter but nevertheless cut its full-year guidance.
-
Article
Hoya Q4 eyeglass lens sales down 10%, contact lenses more resilient
Like many others, the Covid-19 outbreak has hit Hoya Corporation in its quarterly results. The Japanese group is, however, upbeat on the prospect of recouping from pent-up demand in the eyeglass segment based on signals from China and South Korea, where the pandemic is vaning.
-
Article
National Vision’s revenues collapse in March, refinances its debt
National Vision’s comparable store sales fell sharply in March as it temporarily closed stores due to the Covid-19 pandemic. The company is issuing a $350 million convertible note to refinance its debt.
-
Article
British opticians have a new working group to discuss Covid-19 exit
The Association of British Dispensing Opticians (ABDO) has a new working group to discuss the exit phase from the Covid-19 lockdown and there after. The group will provide members with guidance and recommendations on protocol during the exit phase and when practices open again to provide routine eyecare. The working ...
-
Article
Safilo creates an umbrella initiative for all its Covid-19 response actions
Safilo has launched #united4eyecare, a global corporate initiative that embraces all the actions taken by the company in response to the Covid-19 pandemic.
