All Article articles – Page 62
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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 ...
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Vision Expo gets a makeover
In partnership with Reed Exhibitions, The Vision Council has “reimagined” its Vision Expo and will be raising the curtain on new ideas at Vision Expo East, scheduled to be held in the Javits Center of New York on March 26-29, 2020. The show will be updating its exhibition spaces and ...
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L’Amy goes high-tech
Transitions Optical had a big, immersive stand at the Silmo Paris fair in September to showcase its new Generation 8 line of “intelligent” photochromic lenses, which darken up to 30 percent faster than the previous generation. In a much humbler way, the L'Amy Group showcased a much faster photochromatic technology ...
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A $14 billion investment could eliminate poor vision globally by 2050
A new report by Essilor International – entitled “Eliminating Poor Vision in a Generation: What will it take to eliminate uncorrected refractive errors by 2050?” – suggests that the global issue of uncorrected refractive errors (poor vision) can be eliminated through a total investment of $14 billion over the next ...
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Italy’s eyewear exports rise by 7.4%
Italy’s eyewear exports rose by 7.4 percent in value during the first half of 2019, with sales of prescription frames up by 10.3 percent and sunglasses up by 5.7 percent. They benefited in particular from the weakness of the euro against the dollar and new commercial initiatives by some companies ...
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Eastman’s new sustainable acetate recycling process
Starting around 2021, eyewear manufacturers will be able to make use of fully sustainable acetate in their frames for eyeglasses and sunglasses, thanks to a new recycling technology developed by Eastman Chemical Company. The new raw material will be made in part from recycled plastic waste, contributing to a circular ...
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Marcolin adds new licenses, markets
Every month, the Marcolin Group is getting, on average, two inquiries about new licensing agreements, giving the company many choices to pick the most compatible and rewarding deals, said Massimo Renon, who became the company's chief executive a year ago. At the end of 2018, a year in which the ...
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Direct Optic broadens its scope to hearing aids and pharmacies
Direct Optic, a French budget-priced optical retailer, is stepping up its expansion and is eyeing possible acquisitions. It is making a big push in the area of hearing aids and setting up counters in pharmacies, following a business model that is less in use in France than in other countries ...
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Another CEO for loss-making Italia Independent
Italia Independent has appointed Marco Cordeddu as its new chief executive to replace Mario Pietribiasi, who resigned unexpectedly after six months in office over a divergence of views with the board on the company's strategy. His departure was effective on Oct. 9.Cordeddu has served as chairman of Stalam, an Italian ...
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Smith wins a Silmo d’Or Award
Safilo's house brand of sports eyewear won the Silmo d'Or in the sports category last week with its Attack MTB sunglasses, which retail in Europe at a recommended price of €229. The model can be fitted with two different proprietary ChromaPop lenses, “Black ChromaPop” for high sun exposure and “Light ...
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Better-than-expected revenues for EssilorLuxottica
EssilorLuxottica – alias Essilux – reported revenues for the third quarter that exceeded its guidance, and confirmed its objectives for 2019. They jumped by 8.4 percent to €4,310 million on a pro-forma basis, with growth of 5.2 percent in local currencies, which was above a previously set annual objective of ...
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Bollé Brands reorganizes
Bollé Brands is rationalizing the operations of Bollé, Cébé, Serengeti and H2 Optics taken over by A&M Capital from Vista Outdoor last year and investing in new managers and new systems and processes to improve products and services. It is centralizing operations in Europe and the U.S., where it taking ...
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Kering Eyewear extends Gucci deal with Safilo
Safilo's share price made a big jump at the beginning of October, after a report indicating that Kering Eyewear was interested in taking over the company to give it the capacity to manufacture glasses under the Gucci brand and others in its portfolio. Denying the report, Kering Eyewear subsequently announced ...
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Leica Eyecare hopes Silmo d’Or will put it on the map
Novacel, a French company that operates one of the largest lens laboratories in Europe, hopes that the Silmo d'Or it won in September for Leica Eyecare's Variovid Volterra progressive lens will help bolster its international sales for the licensed line, which shared one of the largest stands at the recent ...
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Silhouette launches Evil Eye
Evil Eye is the brand name that Silhouette International has chosen for its new highly functional line of sports eyewear, which it has just started to introduce in selected European markets, simultaneously with the end of its long-standing licensing deal with Adidas, which has moved to the Marcolin Group.The new ...
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Working with Silmo, the IOA wants to expand its presence
The International Opticians Association (IOA) is “aiming high,” says Fiona Anderson, the current president of this organization, whose membership represents opticians in 30 different countries. Anderson, who was previously the president of the Association of British Dispensing Opticians (ABDO), was re-elected to a new two-year term in her current position ...
