All Article articles – Page 68
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GrandVision invests in an internet pure player
A couple of days before announcing its takeover of Optica2000 in Spain, GrandVision reported the acquisition of all the shares in Charlie Temple, without mentioning figures but claiming that it is the leading online optical retailer in the Netherlands and Belgium, although it started operating only in 2016. GrandVision said ...
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Maui Jim partners with Manchester United
In an unusual move, Maui Jim is spending a seven-digit amount for an exclusive deal as supplier of corrective eyewear and sunglasses to the members of the famous British Manchester United football club. No other brand of eyewear has associated its name with such a big, internationally recognized football property.The ...
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Hal’s stake in Safilo goes back below 50%
Hal Holding, the Curaçao-registered holding company that controls Safilo through Multibrands Italy, cut its stake in the eyewear company to 49.84 percent on Jan. 11 from the 50.75 percent interest it held after the completion of an issue of new shares worth nearly €150 million.Before the cash call carried out ...
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Johnson & Johnson Vision launches Acuvue contact lens recycling program in the U.K.
Johnson & Johnson Vision is launching the U.K.'s first free nationwide recycling program for all contact lenses. The program, available for all soft contact lens wearers regardless of the brand of their lenses, enables consumers to recycle their lenses as well as the blister and foil packaging. Out of 3.7 ...
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A hard Brexit would affect the eyewear trade in Europe
Judging from the latest report on European trade flows published by Spectaris, the German ophthalmic optics industry association, which uses statistics for the year 2017, the U.K. is the third-largest importer of eyewear in the European Union. The overwhelming vote given by the British Parliament against a proposed agreement with ...
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A credit crunch affects Italian producers
The numerous small and medium-sized enterprises operating in the various Italian industrial clusters suffered a drop in bank financing of €57 billion during the 2010-17 period, and the situation has not improved since then. Two out of ten of the banks located in their territories closed their doors during the ...
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Sun Hing wants to beef up its eyewear distribution business
The Hong Kong-based company says it plans to expand its sales network to broaden its client base and seek distribution opportunities in Asia, especially in China. It also intends to optimize its portfolio by phasing out non-performing brands and markets to release resources to high-potential opportunities.According to its latest financial ...
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The impact of big data
Turning to the impact of new technologies on the eyewear industry, Trocchia believes that data analytics will be “fundamental” for an industry that has products with a short shelf life due to the rotation of the collections. Safilo currently develops three collections per year.Trocchia disclosed that he already has “a ...
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Ukrainian scientists have developed a biological eyeglass frame
A Ukrainian eyewear manufacturer, Ochis, has designed an organic eyeglass frame that is fully made of biological polymers such as coffee, flax and oils. These polymers completely degrade 100 times faster than plastic and, once the frame is broken, can even be used as a fertilizer in agricultural fields, the ...
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Safilo takes the Levi’s brand from FGX and Sun Hing
Safilo announced a global license agreement for the important Levi's brand. The contract will start in January 2020 and run until November 2024, with the possibility of renewing it for five years until 2029. The first collection will be launched in spring/summer 2020.Safilo stressed that the license offers an important ...
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Som Eyewear is pushing its branded lines
Like many other Italian eyewear manufacturers, Som Eyewear is still making mostly glasses for others on an OEM basis. It will participate in the Opti fair in Munich later this week to present its six-year old EBlock line of eyewear as well as its first branded line produced under license, ...
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More focus is needed on ROI, says Safilo’s new chief executive
Safilo will have to focus more on the return on investment by becoming “obsessive” about execution, stressed the Safilo group's chief executive, Angelo Trocchia, in an interview granted to Eyewear Intelligence after nearly a year in the job. We feel that this and other interesting points raised in the interview ...
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Nau!, the Italian eyewear franchising king’s concept works out
Nau can truly lay claim to a positive outcome from its special business model. Founded in 2004 as an entirely franchised operation with a private label collection, the international, Italian-based optical retail chain rounded out 2018 with 163 points of sale and annual revenues of €39 million, achieving an expansion ...
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More synergies with fashion houses
Angelo Trocchia believes that it is possible to achieve significant sales and cost synergies by better aligning the digital communication strategies and platforms of the licensees and the licensors. It's an area that offers a potential for “huge synergies,” he stressed.So, although fashion houses are often reluctant to grant access ...
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Marchon and Safilo trade regional managers
Marchon Eyewear has appointed a former Safilo executive, Matteo Gaeta, as managing director of its Asia-Pacific unit, effective this month. He will be based in Hong Kong and be a member of Marchon's global management team, reporting directly to Marchon's president and chief executive, Nicola Zotta.Gaeta is taking the place ...
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Novartis will spin off Alcon in the first half of 2019
Novartis, which announced earlier this year that it would divest its Alcon eye-care division to concentrate on its pharmaceutical business, said that the demerger of its subsidiary would happen in the first half of 2019.During a day-long conference organized for its investors in New York, the Swiss group stated that ...
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Ongoing uncertainty about licensed brands
Safilo's prospectus revealed that in the first half of 2018, when its sales totaled €492.2 million, its fashion luxury business, consisting of models with recommended retail prices above €200, represented 27 percent of the total turnover.The premium, contemporary & lifestyle segment, with prices ranging from €80 to €200 per unit, ...
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Zeiss claims above-market growth in vision care
Carl Zeiss said that its Consumer Markets segment, comprising the strategic Vision Care and Consumer Products business units, grew faster than the market nearly everywhere during the financial year ended on Sept. 30. It was driven by Zeiss branded eyeglass lenses – especially in China, Brazil and other emerging economies, ...
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Bausch Health records organic growth across all segments
Bausch Health saw adjusted revenues for the third quarter grow organically by 3 percent from the year-ago quarter, with organic growth across all its business segments.However, when including the impact of 2017 divestitures and discontinuations ($112 million) and the unfavorable impact of foreign exchange ($30 million), the Canadian group - ...
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Afternoon markets Pantone eyewear
Special'Eyes has a sister company, Afternoon, that has the global eyewear license for Pantone. It uses the same design office and the same back office functions. Afternoon was set up earlier this year as a 50-50 joint venture between Pascal Bernard, the former owner of the toy company Jura Toys, and ...
