All Article articles – Page 63
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Good quarter for GrandVision
Boosted by a growth of 4.6 percentage points from acquisitions, GrandVision's revenues for the third quarter jumped by 10.1 percent to €1,045 million, or by 9.7 percent in constant currencies. Comparable sales advanced by 4.0 percent from the year-ago quarter, while organic growth reached 5.1 percent. However, the Ebitda margin ...
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A good quarter overall for Hoya
Sales of eyeglass lenses grew by 4 percent on a comparable basis at Hoya Corporation in the second quarter of its financial year, ended on Sept. 30, driven by markets in Europe and Asia, but they were down slightly in terms of yen due to foreign currency translations. On the ...
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New management for Optiswiss
Optiswiss, the large Swiss-based independent lens laboratory, appointed Samuel Frei as its new general manager on Aug. 1. Frei taking the place of Denis-André Zaugg, who had been running the company for 22 years. Zaugg plans to continue to be involved for the next five to seven years as chairman ...
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Siview, a speedy refraction system
Besides hosting a live music concert and offering beer to everybody at the end of each day of work at the show, Novacel's huge stand at Silmo this time hosted an interesting new automatic refraction system, called Siview, that can calculate or adjust the prescription for a pair of lenses ...
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A preview of Silmo 2019
This year's edition of the Silmo Paris optical fair, taking place on Sept. 27-30 at its usual venue near one of the city's airports, will see the return of important companies such as Alain Mikli and Hoya, the confirmation of De Rigo Vision's presence after its latest comeback, and the ...
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Essilux relaunches Brille24
After acquiring a 100 percent stake in Brille24 – one of Germany's major online retailers, with annual revenues of almost €25 million – Essilor International, now a subsidiary of EssilorLuxottica, launched a common omni-channel concept in Germany in August. Sixty opticians participated in the kick-off event in Düsseldorf.The concept was ...
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Alcon’s vision care sales rise by 6% currency-neutral
Alcon posted a 5 percent increase at constant exchange rates in its sales for the second quarter. On a reported basis, revenues rose by 2 percent to $1.9 billion. They generated an operating loss of $53 million compared with a $38 million profit a year earlier due to charges of ...
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Bollé Brands acquires Spy Optic
Bollé Brands has acquired the Spy Optic brand of action sports eyewear. The financial terms of the takeover were not disclosed, but it is apparently an asset deal. The international infrastructure of Bollé Brands is expected to help Spy to grow outside its core North American market, capitalizing on its ...
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State Optical buys AO Eyewear
State Optical, a U.S. manufacturer of luxury eyewear, has acquired AO Eyewear from Alan McKinley, the owner and president of the company, who remains as general manager. No financial details were released.The takeover will enable State Optical's expertise in acetate frames to be combined with AO's know-how in the production ...
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A look at Vanni’s “cultural” approach
Vanni is the Turin-based firm of Giovanni Vitaloni, president of Anfao, the Italian optical industry association, and the brand name under which the firm entered the eyewear market 28 years ago. The firm's other, more sophisticated house brand is Derapage.Vanni sells 125,000 to 130,000 frames per year at €180 to ...
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Big new contract for Oakley with the NFL
Oakley has signed a four-year deal in the U.S. with the National Football League (NFL). According to Renie Anderson, the NFL's chief revenue officer and executive vice president of partnerships, the deal took two years to negotiate. It is also the largest ever signed by the Californian eyewear brand, which ...
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CVI gets a boost from its toric lenses
The ongoing popularity of daily silicone hydrogel lenses and toric lenses lifted the results of CooperVision (CVI), which is part of The Cooper Companies, for group's fiscal third quarter ended on July 31. Revenues gained 4 percent from the year-ago quarter to $509.1 million. On a pro forma basis and ...
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Cecop gets involved in training
Cecop, the international voluntary group of independent opticians, has launched a new management training program, called Evolution, to support affiliated opticians in Spain, Italy and Portugal in maximizing sales and profits.One of its modules is a unique consulting service whereby experts in the field, called “Optical Business Developers,” work with ...
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Fielmann’s results continue to improve
Fielmann confirmed its positive performance in the first half of 2019, reporting a pre-tax profit of €127.6 million and net income of €88.3 million for the period on 6.6 percent higher consolidated sales of €386.4 million. Including VAT, external sales rose by 7.5 percent to €884.4 million, but the actual ...
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CVI starts a lens recycling program in Sweden
CooperVision (CVI) has launched an initiative in Sweden that offers consumers a service for the free collection and recycling of soft contact lenses, including those of other brands and manufacturers. It aims to reduce plastic waste by providing a convenient way for wearers to recycle lenses, as well as blister ...
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Fielmann enters Slovenia
A few days ago, Fielmann announced its acquisition of a 70 percent stake in Optika Clarus, a chain of 26 optical retail stores that claims a 30 percent market share in Slovenia. The takeover was described as an important step in the Vision 2025 program outlined by the group's new ...
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Essilux outlines progress in its integration
The management of EssilorLuxottica, or Essilux as many call it now for short, shared with financial analysts some aspects of the progress that the group is making in the integration of Essilor with Luxottica at a Capital Market Day in London yesterday.The first steps being undertaken in this process include, ...
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Essilux reportedly has a smart glass partnership with Facebook
The big U.S.-based social network has turned to EssilorLuxottica to help it develop smart glasses, according to the U.S. broadcaster CNBC, which cited people familiar with the matter. According to CNCB, Facebook has been seeking to develop augmented-reality glasses for the past couple of years. Internally codenamed Orion, the glasses ...
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New financing round for expanding Mister Spex
Mister Spex, which claims to be Europe's leading online optician, completed a round of financing for over €65 million at the end of August. The Büll Family Office, based in Hamburg, led the equity financing round with the participation of existing investors, among them Grazia Equity, Stephan Schambach and Ehssan ...
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Invu launches a new “Magic Mirror”
The Swiss Eyewear Group has incorporated recent advances in liquid-crystal display (LCD) technology into a new mirror for the optician's sales floor that should attract many customers. Its so-called “Magic Mirror” simulates better than before the experience of wearing its Invu sunglasses with ultra-polarized lenses. It will be one of ...
