All Article articles – Page 66
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Article
Weakness in Essilor’s sunwear
A look at Essilor's various divisions in one of the charts in this issue shows a relatively good performance in all of them during the first quarter except in Sunglasses & Readers, whose sales went up by only 1.7 percent on a currency-neutral basis, reaching €200 million. Strong increases in ...
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Marchon is riding a good wave
Many of our subscribers probably feel that we have been writing too much about Luxottica and Safilo, and too little about Marchon Eyewear, the third-largest manufacturer of premium eyewear in the world. They are right, and this also applies to many other smaller firms. Of course, this is because, as ...
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Article
A strong quarter at GrandVision
GrandVision is starting to benefit from efforts to integrate the businesses it acquired at the end of 2017, led by the Tesco Opticians stores in the U.K., which it has rebranded under its Vision Express banner. The French-based optical retail group posted strong results for the first quarter of this ...
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Minority shareholders seek to undo the gridlock
In an attempt to break the stalemate, Valoptec, an association of current and former Essilor employees who hold more than 4 percent in the merged company, and seven investment funds aim to enlarge the board by appointing their own representatives at a shareholders' meeting scheduled for May 16. Essilux's board ...
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Luxottica grows mostly at retail
At Luxottica, a timid organic growth of 0.9 percent at wholesale contrasted with a 4.7 percent increase for retail operations. The management blamed unseasonable weather in some regions of the U.S., but said that the digital initiatives that it unveiled in the first quarter are expected to accelerate the digital ...
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Krys raises its French market share to 15.5%
For the third year a row, the French voluntary group increased its grip on the French market last year, improving its market share by 0.9 percentage points to 15.5 percent. Performing better than the market, the French shops affiliated with the Krys Group registered a 5.8 percent rise in sales ...
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Thélios expands its capacity to 4.5 million units
Thélios, the joint venture owned at 51 percent by the French luxury goods group LVMH and 49 percent by Marcolin, has started building a new production unit next to its site in Longarone, in north eastern Italy. The existing manufacturing site was inaugurated in April 2018 and the new facility ...
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Article
Mister Spex facilitates payments, advertises on TV
Mister Spex, the German online marketplace for eyeglasses, is partnering with Computop, a provider of payment solutions, to process transactions in its stores. The Computop Paygate, the payment platform of Computop, enables Mister Spex' shops to accept payments made by customers through their smartphones with Google Pay and Apple Pay ...
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Article
Afflelou grows more than the market, too
Including its franchisees' revenues and those of its own stores, the French-based Afflelou Group's sales grew by 6.2 percent to €211.2 million during its second quarter, ended on Jan. 31. Sales increased by 6.6 percent in France, despite the negative impact of the “yellow vests” movement, and they went up ...
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EssilorLuxottica publishes its first results after the merger
EssilorLuxottica posted an income statement for the first time since last October's record €48 billion merger that brought together the Essilor and Luxottica groups. Although the new entity showed steady growth in constant currencies and relatively stable profits, its shares tumbled after the announcement due to concerns about its future ...
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GrandVision focuses on international expansion after a transitional year
In publishing its results for 2018, GrandVision's management said that 2018 was a year of transition for the company. Over the past 12 months, the group has focused on integrating the businesses it acquired at the end of 2017, led by the Tesco Opticians stores in the U.K., which it ...
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De Rigo takes aim at the U.S.
The De Rigo Vision group is committed to development in the U.S. market, having opened one of its 16 subsidiaries in Los Angeles three years ago, following its acquisition of REM Eyewear. In 2018, the operation yielded 15 percent of the group's global revenues, but ambitions are running higher. Maurizio ...
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Ray-Ban ranks first or second in all major markets
In one of the findings the Optical Monitor (OMO), a semi-annual consumer survey commissioned to GfK by the Mido and Silmo trade fairs, presented on Feb. 24, Ray-Ban was rated as the favorite sunglasses brand among people interviewed in the five main European Union countries, the U.S., and Japan.The EssilorLuxottica ...
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Mido’s attendance improves slightly
The 49th edition of the Mido trade show, held in Milan on Feb. 23-25, drew 59,500 people from 159 countries, a little more than last year. The show had a new app, Pavilion 6 was expanded, and Lab Academy, an incubator for start-ups selected by a committee of experts, made ...
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Strong organic growth for Bausch Health, despite heavy losses
Bausch Health's revenues for the fourth quarter grew organically by 1 percent from the year-earlier period, with organic growth across all its business segments. For the full year, they increased by 2 percent, also on an organic basis, marking the first year of organic revenue growth since 2015 for the ...
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Article
Essilux is stuck in a boardroom spat
Just a few months after the merger of Essilor and Luxottica, the new company that has emerged from their combination, EssilorLuxottica, is entangled in a power struggle between the French and Italian senior managers of the group. It is possible that the infighting could last a couple of years, slowing ...
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Luxottica books slightly lower earnings
Like Essilor, Luxottica faced currency headwinds in 2018. Sales declined by 2.8 percent to €8,929 million in reported terms, due to the devaluation of the U.S. and Australian dollars and the Brazilian real, but increased by 1.5 percent in constant currencies.The second half of the year showed an acceleration in ...
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Carrera launches a new communication campaign as sales rise
One Safilo's house brands, Carrera, launched its communications campaign for the 2019 spring/summer collection during the Mido trade show with a high-profile event on the Vairano racing track south of Milan. The day at the circuit involved 100 guests and Carmen Jorda, a Spanish Formula 1 driver and model who ...
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Article
The contact lens market keeps growing
In 2018, the market value of soft contact lenses to eye care professionals increased by 4.5 percent to €1,831 million, according to an annual study by the European Federation of National Associations and International Companies of Contact Lens and Lens Care Manufacturers (Euromcontact). The strongest growth was in Switzerland, where ...
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Prescription lenses grow only in value in Europe
Sales of corrective lenses rose by 1.2 percent in value and volumes were flat during the 12 months through October 2018 in Germany, France, Italy and Spain, according to a survey by GfK that was presented at the traditional MAFO conference on the eve of the Mido show in Milan. ...
