All Article articles – Page 64
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New management for Silhouette
Silhouette International Schmied, the Austrian manufacturer of ophthalmic lenses, corrective frames and sunglasses, has announced a change in the structure of its executive board, making two new key appointments.From Nov. 1, Reinhard Mahr takes over the position of chief financial officer. Mahr has 30 years of management experience in national ...
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Safilo books big charges but stops burning cash on accelerating sales
The Safilo Group underwent a massive clean-up of its balance sheet in the second quarter. As a result, the group posted a net loss of €246.7 million for the first half of the year compared with a €7.9 million loss a year earlier. The results cover only continuing activities and ...
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GrandVision acquires another Swiss chain
GrandVision has been growing quickly over the years through acquisitions, particularly in Europe. However, because of the anti-trust investigation that the European Union and other jurisdictions are going to launch into its planned takeover by EssilorLuxottica, group executives indicated that its external growth may slow down. GrandVision has nevertheless just ...
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New appointments at Safilo and Blackfin
Safilo has promoted Lukasz Karpinski, 38, to country manager for Italy. He will report directly to the company's chief executive Angelo Trocchia and replaces Filippo Pustetto, who has moved to Pramaor, known for the high-end titanium-frame brand Blackfin.Born in Warsaw, Karpinski has been living in Italy since the age of ...
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Britons and Italians ignore the benefits of sunglasses
Two recent surveys have shown that Britons and Italians have scant knowledge of the protection that sunglasses provide against damage from ultraviolet (UV) light. Surprisingly, the surveys also indicate that more inhabitants in rainy Britain wear sunglasses than those of sunny Italy, and that Italians were more ill-informed than the ...
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Schneider gets a big prize, helps start-ups
Schneider Optical Machines is continuously developing more autonomous and intelligent systems for free-form production of ophthalmic lenses. Meanwhile, its Modulo concept, born in 2009 and first introduced to the market in 2013, has earned the company the coveted German Innovation Award in its category. It was given to the company's ...
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Safilo loses the Dior license, Luxottica keeps Bulgari
Before publishing its latest results, the Safilo Group announced that its big, longstanding license agreement for Dior and Dior Homme eyewear will end at its scheduled expiry date of Dec. 31, 2020. The eyewear group had sought to renew the contract, but LVMH, the French fashion house which owns the ...
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Essilux confirms a long-standing plan to buy GrandVision
EssilorLuxottica and Hal Holding confirmed last Wednesday that they have reached agreement on the sale of Hal's stake of 76.72 percent in GrandVision to Essilux for the previously reported purchase price of €28.00 per share in cash.Laurent Vacherot, chief executive of Essilor, revealed that Essilor and Luxottica had already envisaged ...
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Capacity issues hold up sales of Hoya’s eyeglass lenses
In a reaction to the initial rumors about EssilorLuxottica's takeover of GrandVision during the release of its latest financial results, the management of Hoya Corp. told investors that its competition with other chain stores could have a positive effect for Hoya's ophthalmic lens business.Sales of eyeglass lenses went up by ...
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Carrefour and Casino start opening optical stores
Two big French generalist retailers, Carrefour and Casino, have started opening optical retail stores, as they seek to offer additional services to attract new clients to their hypermarkets and to retain existing ones. One of their competitors, Leclerc, started doing the same more than ten years ago, diversifying into audiology.Carrefour ...
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Russia imports more contact lenses
In 2018, Russia imported contact lenses worth $141.2 million, 4 percent more than in the previous year, according to the Russian Federal Customs Service (FCS). The country also exported contact lenses valued at $2.97 million, but it gave no information on the previous year’s export score. The biggest suppliers of ...
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Essilux reports good results
EssilorLuxottica reported a 7.3 percent increase in revenues to €8,776 million for the first half on a pro-forma basis, with growth of 3.9 percent in local currencies. The adjusted gross margin declined by 0.3 percentage points to 63.2 percent, due to the product mix and the stronger development of the ...
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Two Spanish low-cost start-ups raise funds
A Spanish low-cost e-commerce start-up, GreyHounders, has launched a financing round to raise €100,000 by the end of the summer to reinforce its presence in its home market and expand to Portugal by the end of the year. It plans to enter the Italian, French and German markets in 2020.When ...
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Specsavers is still going strong
Thanks to an expanding designer range of glasses, hearing aids and other healthcare services, Specsavers saw its revenues improve by 6 percent to 2,780 million pounds (€3,073.8m-$3,447.4m) for its financial year ended on Feb. 28.Although the international British-based optical retail chain does not disclose profitability figures, it indicated in its ...
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GrandVision posts a strong quarter, lifted by online sales
Thanks in part to efforts to boost its omni-channel capacities, GrandVision posted strong results for the second quarter of the year, with sales jumping by 6.2 percent from the year-ago period to €1,021 million, or by 7.1 percent in constant currencies. Comparable sales advanced by 2.5 percent.The French-based optical retail ...
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A €1.5m training program for Italy’s eyewear cluster
More than 100 small and big eyewear companies in the Italian eyewear manufacturing region of Veneto have organized themselves to support the development of an increasingly skilled staff through a new training program financed by private and public stakeholders.One of the reasons for the investment is a projected increase in ...
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Opti will take place in Stuttgart in 2021, 2023 and 2025
The opti show – which we have previously called Opti based on our style guidelines – will move in 2021, 2023 and 2025. As announced at a press conference in Munich, it will move to Stuttgart in those odd years, as the world's leading trade show for architecture and related ...
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Silhouette launches its own sports eyewear line as Marcolin takes over its Adidas license
The Marcolin group announced today a licensing agreement with the Adidas Group for the design, development, manufacturing and distribution of two lines of eyewear that will reach the market early next year. A spokesperson for the Italian company said that the agreement is global, but there is an apparent discrepancy ...
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Safilo licenses David Beckham, thinking digital
The former English football player has signed a global 10-year license agreement with Safilo for the production and distribution of men's sunglasses and prescription frames under his name. The company's first David Beckham collection will be launched in January 2020. Beckham has had no previous license agreement for eyewear.The collection ...
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Essilux’ governance issue has been solved
The board and the management of EssilorLuxottica (Essilux) have returned to the task of integrating the operations of Essilor International and the Luxottica Group after resolving a serious governance issue that was threatening to shake up the relations among their key shareholders.Leonardo Del Vecchio, executive chairman of Essilux, and Hubert ...
