All Article articles – Page 61
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Safilo continues to produce despite harsher lockdown measures
As its core business consists of making “medical devices,” Safilo has continued manufacturing both prescription frames and sunglasses in Italy despite harsher governmental regulations for the lockdown of non-essential activities in the country to stop the propagation of the Covid-19 virus. We could not determine at press time how many ...
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Germany faces up to the disease differently
Governments around the world have stepped up restrictions on the movement of their citizens to reduce the spread of Covid-19, which, according to the World Health Organization (WHO), has infected over 780,000 and killed more than 37,000 people globally. As of March 31, more than 67,000 cases were confirmed ...
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Mister Spex’ omni-channel strategy takes on new dimensions
To protect customers and employees during the current coronavirus crisis, Mister Spex has recently decided to switch its 21 stores in Germany to emergency care until further notice. Further new store openings, in Berlin and Munich, will be suspended. All Mister Spex online services will remain available to customers. ...
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Zeiss Vision Care’s sales at over €1 billion
The Zeiss Group said that its Consumer Markets segment, comprising the strategic Vision Care and Consumer Products business units, enjoyed above-market growth for the financial year ended on Sept. 30. It added that it outpaced the competition in all regions, especially in emerging markets, reaching for the first time a ...
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A Revo sunglass fetches $1,650 in an auction
The first pair of a limited edition of Moonwalker Zero G sunglasses – serial number 001 – produced by Revo has been sold at an auction for $1,650. The auction ended at 3:58 p.m. (Eastern Standard Time) on Nov. 24: the to-the-minute 50th anniversary of Apollo 12's blast-off from the ...
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Eyewear sales will be 12% online by 2023
The global consumption of prescription frames and sunglasses is expected to grow annually by 3-4 percent to reach €61 billion in 2023 as compared to €51 billion in 2018, with sales rising by 2 percent a year in developed countries and by 5 percent in emerging markets, according to data ...
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Everything ready for Opti 2020 in Munich
Next year's Opti show, to be held on Jan. 10-12 in Munich, will host over 600 exhibitors. It will once again occupy six halls, from C1 to C6, but visitors will for the first time be able to use the northwest and northeast entrances.Newcomers to the show include Brando Eyewear ...
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Essilux places €5 billion in bonds, issues shares to more employees
EssilorLuxottica has placed €5 billion worth of medium to long-term bonds with very low interest rates, meeting strong demand from investors. The proceeds are meant to enable the group to finance the planned acquisition of GrandVision and to refinance its debt.The demand exceeded €13 billion, prompting the group to increase ...
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Safilo cuts 700 jobs in Italy
Safilo announced 700 job cuts at its Italian operations, to be completed next year as part of its efforts to downsize its manufacturing base with the forthcoming loss of three important LVMH-owned licenses: Dior, Fendi and Givenchy. The group claims that their eyewear is entirely made in-house.The three brands represent ...
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Worries about employment in Italy
On Nov. 15, the regional government of Veneto held the “estates general” of the local eyewear sector in the industrial cluster of Longarone, in the Belluno province of Italy, to discuss the challenges the sector is facing. The meeting was well attended, with the presence the heads of Safilo, Thélios, ...
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Afflelou posts strong sales, turns around
Including its franchisees' revenues and those of its own stores, the French-based Afflelou Group saw sales increase by 4.7 percent to €818.5 million for its fiscal year, ended on July 31, 2019. The network recorded its fourth year of solid growth in comparable sales, which gained 5.1 percent from the ...
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Alcon performs better
Alcon reported total sales of $1.8 billion for the third quarter, up by 4 percent on a reported basis and by 6 percent on a constant-currency basis.The operating margin improved to a still negative rate of 1.0 percent from 16.0 percent and the core operating margin widened to 17.4 percent ...
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Rudy Project sponsors American Magic, diversifies
Besides sponsoring many other sports events and numerous champions and teams in a wide range of sports, including cycling, running and skiing, Rudy Project is going to have special visibility as an official supplier of the New York Yacht Club American Magic, one of the U.S. challengers in the 36th ...
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Safilo buys into Blenders, gets the Under Armour license
Safilo, the Italian eyewear group that owns Smith Optics, has bought a 70 percent stake in a fast-growing Californian firm, Blenders Eyewear, that targets Millennials and Generation Z customers with cool sunglasses and snow goggles and has a great website.Safilo also reported that it has signed an eyewear licensing agreement ...
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Marc Fielmann becomes sole CEO
With a unanimous vote, Fielmann's supervisory board endorsed the resignation of Günther Fielmann, who is now 80 years old, as chief executive of the company on Nov. 21 and the transfer of all his responsibilities to his 40-year-old son, Marc Fielmann, who has already started to make waves on the ...
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Germany remains the biggest importer in Europe
According to the latest report on European trade flows published by Spectaris, the German ophthalmic optics industry association, Germany was once again the European Union’s biggest importer of ophthalmic optics products in 2018, reaching a level of €1.43 billion. France remained in second place with an import value of €1.38 ...
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Safilo launches a new business plan
Safilo presented last week a new business plan outlining its strategy to recoup lost revenues and reach sales of about €1,000 million in 2024 compared with an expected €960-1,000 million in 2020, despite the loss of important licenses that currently generate about €200 million in annual revenues. The 2020 estimate ...
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Safilo continues to grow
The Safilo Group improved its profitability and continued its sales growth in the third quarter, beating market expectations by about €3 million, despite another case of problems with logistics. A few years after a delay in European deliveries due to the slow ramp-up of a new distribution center near its ...
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Essilor is recognized as a Diversity Leader
Essilor has been awarded the title of “Diversity Leader 2020” by the Financial Times (FT). The French eyewear group ranked 62nd out of a total of 10,000 companies in the FT’s new annual ranking of diversity and inclusion in the workplace. The assessment covered the companies’ achievements in multiple types ...
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Marcolin evaluates a move into retailing
Safilo has stopped its loss-making retail activities, selling off its Solstice chain in the U.S., but the Marcolin Group has reportedly warmed to the idea of owning a retail activity, following the examples of Luxottica and De Rigo Vision. With the planned takeover of GrandVision by EssilorLuxottica, the verticalization of ...
