All Article articles – Page 73
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A major Russian drugstore chain opens optical stores
The second-biggest chain of pharmacies in Russia, Rodnik Zdorovia, has launched a new retail chain of free-standing eyewear stores, targeting the low-priced segment of the market. Called OptikGuru and run by Mikhail Sereda, the new chain has already opened five optical retail stores and there are plans for 15 others ...
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The chains overperform in a declining French optical market
Ahead of the new healthcare reform that has just been announced by President Emmanuel Macron (see other article in this issue), the French optical market dropped significantly last year after several years of steady growth, according to several sources. As we already reported (Eyewear Intelligence Vol. 19 - 4+5), GfK ...
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Confindustria Moda inaugurates new offices
Confindustria Moda, the umbrella organization of the Italian fashion industry, inaugurated on May 15 its new 3,800 square-meter offices, hosting more than 100 employees, at Via Riva Villasanta 3 in Milan. The eyewear industry is regarded in Italy as being part of this sector.Confindustria Moda comprises Sistema Moda Italia (SMI), ...
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Safilo’s credit facility is extended
Safilo has pushed back the expiry date of its €150 million revolving credit facility to Nov. 30 from July 29. The company said that it had “requested and obtained” the extension from its lenders as part of ongoing refinancing talks.The renewal of the credit facility is crucial to shore up ...
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New healthcare plan to shake down French optical market?
After a first wave of reforms in 2015 that limited the reimbursement of ophthalmic products in France to once every other year, instead of once a year, which sent the national optical market down (see other article in this issue), a new set of far-reaching regulatory changes is scheduled to ...
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Mixed results for Hoya’s eyeglass lenses
Hoya Corp. reported a 12 percent increase in its sales of eyeglass lenses for the fourth quarter of its financial year, ended on March 31, but they grew by 2 percent on a comparable basis. Sales of these products saw declines of around 2 percent in both Japan and Europe. ...
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The eyewear industry shows some optimism for the future
A new type of survey conducted in behalf of the Mido trade show in Milan indicates that the players in the eyewear industry are more optimistic about the future of the sector for the next three years as compared to the current situation.Called Mido Outlook, the research was carried out ...
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The first eyewear megastore opens in Russia
Happy Look, one of the top three eyewear retailers in Russia, has opened a store in a new format, which the company describes as “the megastore.” Occupying an area of 875 square meters, the new store opened a few weeks ago in St. Petersburg, after investments of nearly €200,000, about ...
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A facelift for Grand Optical’s flagship store
After a four-month-long facelift, Grand Optical, the premium retail banner of the GrandVision group, has unveiled a new store layout and a new shopping experience for its 800-square-meter flagship store on Paris' Avenue des Champs-Elysées, which is normally visited by 2,000 people per day, including many foreign tourists.They are attracted ...
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Zeiss reports some growth in ophthalmic lenses
Without breaking down the figure by segments, the Carl Zeiss group has reported a decline of 3 percent to €538 million for its Vision Care and Consumer Products division during the first half of its financial year, which ended on March 31. In terms of local currencies, sales increased by ...
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Ruedi Suter sues the U.S. over his unjust incarceration
Ruedi Suter, a well-known veteran of our industry, has lodged a suit against the U.S. government for violation of his human rights and the destruction of his reputation, claiming that he was illegally held in prison for more than 11 months.The Swiss executive, best known for building up the former ...
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Luxottica’s Q1 sales drop on currencies, weather, China
Luxottica posted a 10.7 percent decline in first-quarter revenues to €2,136 million, due to adverse currency rates, poor weather in Europe and the impact of the reorganization of its distribution network in China. Financial analysts were expecting sales of at least €2,170 million. At constant currency rates, sales were down ...
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Marcolin finished 2017 strongly
Addressing its bondholders, the Marcolin Group reported on a strong finish of its 2017 financial year. Sales jumped by 19.6 percent during the fourth quarter of the year, with a 25 percent jump in local currencies and double-digit growth in all the regions. Particularly strong performances were recorded by the ...
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Alcon continues to record growth in both sales and income
Alcon posted sales of $1.8 billion in the first quarter of 2018, representing a 12 percent increase in dollars or a 7 percent increase in constant currencies, compared with the previous year's first quarter. Growth was recorded across all product categories. In surgical, sales growth was mainly driven by implantables ...
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Allergan outlines five different strategic options
During a first-quarter earnings conference call with investors, Allergan's chief executive, Brent Saunders, said that the company is “deep into the process” of its strategic review, which he outlined in a series of options. Allergan reported a revenue increase of 2.8 percent to $3.67 billion in the first quarter of ...
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Johnson & Johnson’s posts double-digit sales increase
Johnson & Johnson (J&J) has announced sales of $20.0 billion for the first quarter of 2018, which represent an increase of 12.6 percent as compared to the first quarter of 2017. Sales growth was experienced across all three of its sectors, which include consumer, medical devices - including vision care ...
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Kering Eyewear brings Balenciaga in-house
Kering Eyewear is taking over from Marcolin the development, production and global distribution of sunglasses and prescription frames sold under Balenciaga brand name. The first Balenciaga collection under Kering Eyewear's supervision will be the spring 2019 one, which will be available in selected stores from January.This small fashion label, which ...
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China should clear the Luxilor merger soon, but conditionally
Luxottica and Essilor have so far obtained clearance in 18 jurisdictions for their planned merger, including most recently the European Union, the U.S., Canada, Brazil and Singapore. Brazilian anti-trust authorities gave their unconditional approval last month, in spite of a challenge by Zeiss.China is the only country that still has ...
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GrandVision faces currency headwinds
The strengthening of the euro against major currencies led to a negative impact of 2.9 percentage points, or €24 million, on GrandVision's revenue growth in the first quarter. This mainly impacted the international optical group's operations in the Americas and Asia. As a result, GrandVision's sales rose by 8.0 percent ...
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Essilor and others want to help eradicate poor vision
Like other stakeholders inside and outside the eye care industry, Essilor International is engaging in a number of new initiatives intended to correct poor vision among low-income people around the world. Estimating that 2.5 billion people live with uncorrected poor vision, and that they could rise to 3.8 million if ...
