All Article articles – Page 59
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Eschenbach in full swing on home turf
Eschenbach has been growing constantly in Germany, becoming the market leader in prescription eyewear. It has also enjoyed strong growth in Europe and the U.S..
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Safilo sees coming weeks as critical to save sunglass season
The coming couple of weeks will be crucial to understanding if the sun season can be saved. If lockdowns are lifted in Europe and the recovery picks up in the U.S. the task can be achieved, according to Safilo.
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ArticleItalian eyewear industry reopens amid hopes that demand will pick up
Despite having had the right to operate stores during the industry lockdown that is now being lifted in Italy, as eyeglasses were considered an essential medical device, the Italian eyewear industry has remained largely closed for lack of demand.
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Italy's eyewear industry may have lost half its revenues with the Covid-19 crisis
The Italian eyewear industry, especially smaller companies, may have lost about 50 percent of its revenues as the Covid-19 pandemic has been spreading worldwide, leading to about half of humanity being placed in quarantine, pointed out Giovanni Vitaloni, president of the Italian manufacturers’ association Anfao, in an exclusive interview with ...
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Novacel helps opticians to relaunch their businesses
Novacel, the big French laboratory controlled by Essilor, is offering ways to help opticians relaunch their business after the French government announced that it would be relaxing a Covid-19 related lockdown on May 11.
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The German industry projects a drop of 23 to 34%
Spectaris, the German ophthalmic industry association, conducted an online survey among members of the German industry in mid-April. According to the report, 90 percent of the participating companies said that they had received fewer orders in the previous weeks, 75 percent said that their economic situation had worsened due to ...
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Fedon raises €5 million in financing
Giorgio Fedon, the Italian producer of eyeglass cases, obtained €5 million in financing from two leading Italian banks, as well as some members of the family that control it, to fund its investments. In 2019, it returned to being profitable, albeit marginally.
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The German optical retail market grew by 3.8% in 2019
ZVA, the German association of opticians, published a report on the German ophthalmic optics market on April 27. ZVA reported that the German optical retail market increased by an estimated 3.8 percent to €6.5 billion in 2019, as compared to the previous year.
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Customers are afraid of visiting opticians in Russia
Almost all of the provinces of the Russian federation have softened quarantine measures introduced because of Covid-19, and most of them have allowed eyewear retailers to open their stores again. In Moscow, however, which accounts for roughly 50 percent of all Covid-19 cases recorded in Russia, visiting the optician has ...
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National Vision plans to open all stores by early June
National Vision Holdings, one the largest optical retailers in the U.S., aims to have reopened all its physical stores by early June. They were closed following a nationwide lockdown applied in certain states to combat the Covid-19 pandemic.
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ArticleGrandVision’s April sales down over 80% due to Covid-19
GrandVision suffered a drop of more than 80 percent year-on-year in revenues in the month of April, after already registering a severe decline in March, due to the lockdowns and restrictions caused by the Covid-19 pandemic. Because of social distancing, moreover, the optical retailer does not expect a rapid recovery ...
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ArticleEssilorLuxottica’s Q1 sales drop by 10%
EssilorLuxottica’s first-quarter revenues were down by 10.1 percent from the year-ago quarter to €3,784 million, or by 10.9 percent in constant currencies, due to the impact of the Covid-19 pandemic. But, the company is confident that pent-up demand will underpin sales when the crisis is over. Thanks to its financial ...
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ArticleFielmann’s Q1 sales and profits decline
(updated) Blaming the coronavirus outbreak, Fielmann reported a sharp 74.8 percent drop in net income for the first quarter of 2020, down to €11.8 million, on a 7.0 percent decline in consolidated revenues to €352.9 million for the first quarter of this year. The number of glasses sold fell by ...
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Suppliers help opticians in the U.S.
More than 75 percent of U.S. opticians consulted by the Vision Council said they were receiving some form of support from their suppliers in a survey conducted between April 8 and 11, up from 31 percent in a previous survey on March 24-27. Details about the kind of support could ...
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Safilo buys Privé Revaux at a hefty price
Two months after announcing the acquisition of Blenders in California (see EWI Vol. 20 n°15 +16), Safilo has bought another fast-growing American eyewear brand, Privé Revaux, from a number of shareholders. Chief among them is a San Francisco-based private equity fund, TSG Consumer Partners, which invested in the company in ...
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Michael Jardine’s Story
As we reported in our last issue, Michael Jardine is retiring as chief executive of Mondottica, the multi-brand company that he founded two decades ago. He has an interesting story about his experiences and future plans, as well as some very pertinent observations to make about the industry: Born ...
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EssiLux’ buy of GrandVision comes under closer scrutiny
Confirming the Reuters report mentioned in our previous issue, the European Commission has confirmed its decision to launch an in-depth investigation, known as a phase II review, into EssilorLuxottica’s planned takeover of GrandVision. The preliminary investigation ended on Feb. 6. The commission had until June 22 to take a decision ...
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Mido is postponed to July 5-7 over coronavirus
After meeting with some of its exhibitors, buyers and other stakeholders, the organizers of the Mido trade show, which was going to celebrate its 50th edition this weekend, have decided to postpone the event and the related celebrations to July 5-7, starting them on a Sunday rather than on a ...
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German independents outperformed in Europe in 2019
Independent opticians performed particularly well in Germany in the past year. According to GfK, the German market enjoyed strong growth in Europe, rising by 5.5 percent to €5.8 billion at the retail level, compared with increases of 1.4 percent in France and 1.1 percent in Spain and a decrease of ...
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Fielmann posts slightly higher profits for the year
Fielmann’s performance for 2019 seems to have confirmed the positive momentum that it had already reported for the first half of the year. According to preliminary figures, its consolidated sales for the 2019 financial year show an increase of about 6 percent to €1.52 billion as compared to €1.43 billion ...
