All Article articles – Page 74
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Essilor performs in line with forecast
Essilor International grew by 3.2 percent organically in the first quarter of 2018, in line with the forecast previously formulated by the management, which confirmed a growth target of 4 percent for the full financial year, accompanied by a contribution from operations of 18.3 percent or more. ...
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The son joins the father at Fielmann’s helm
Implementing a joint management structure, Fielmann's supervisory board unanimously approved on April 12 the appointment of Marc Fielmann as joint chief executive of Germany's premier optical retailing group alongside his father Günther Fielmann. The new structure is described as a logical step in the long-term succession of Günther Fielmann, founder ...
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Krys Group outperforms in France
Apparently immune to the general depression of the French eyewear market, which went down by 1.4 percent in 2017 according to GfK, Krys Group has consolidated its retail leadership with an estimated market share of 14.6 percent, up by 0.5 point for the second consecutive year. The group has reportedly ...
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Thélios inaugurates its Longarone plant
Thélios, the joint venture owned at 51 percent by LVMH and 49 percent by Marcolin, officially inaugurated on April 24 its head office and manufacturing facility, covering 8,000 square meters in Longarone, in the heart of the Belluno eyewear district. The plant, which has required an investment of about €20 ...
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J&J launches photochromic lenses
Johnson & Johnson has received clearance from the U.S. Food & Drug Administration (FDA) for the exclusive launch in the first half of 2019 of the world's first photochromic contact lens, which will using a dynamic photochromic filter based on Transitions Light Intelligence Technology. The new product, which will also ...
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Safilo trims production
Safilo has introduced temporary layoffs, financed by a governmental scheme called “cassa integrazione,” and imposed forced holidays on some its Italian staff as its Italian factories are working at 15 percent below capacity due to a slowdown in sales of its Christian Dior collection after a couple of years of ...
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Rodenstock reports record profitability
Strategic moves like the concentration of only two eyewear brands – Rodenstock and Porsche Design – allowed the German company to raise its operating income before amortization (Ebitda) by 8.8 percent to a record level of €82.3 million in the financial year ended last Dec. 31.Another factor was an increase ...
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The Continental European market grew by 0.2% in 2017
The optical retail markets in France, Germany, Italy and Spain rose by 0.2 percent in value at sell-out prices in 2017 to €17.6 billion, according to GfK's latest retail survey, driven by the German market, which rose by 3.2 percent.Germany was the second-largest market in the panel of four countries, ...
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Bolon is in 1,500 doors in Europe
Using for the most part Essilor's own big sales network, Bolon, the medium-priced Chinese brand of optical frames and eyewear partly owned by the French group, is now available in 1,500 points of sale all over Europe since its launch in the region less than two years ago. It has ...
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MPG passes the €100 million sales mark
The Michael Pachleitner Group (MPG), the Austrian-based lens and eyewear company, has announced annual revenues of €114 million for 2017, a 16 percent increase as compared to 2016, when it had already bounced to €98 million from €86 million in the previous year.All product categories contributed to last year's growth ...
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Safilo books a €251.6 million loss in 2017 following €192 million impairment
The change at the helm of Safilo (see Eyewear Intelligence Vol. 19 n. 2+3) has prompted a clean-up of the group's balance sheet, pushing its bottom line further into the red. The company booked a non-cash goodwill impairment charge of €192.0 million on its 2017 accounts as well as one-off ...
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GrandVision’s sales reach €3.5bn
GrandVision has confirmed its preliminary sales figures published last month, with full-year sales rising by 5.6 percent in 2017 to €3,450 million, or by 3.5 percent on an organic basis. On a comparable store basis, they were up by 1.8 percent, or by 2.3 percent when adjusted for the effect ...
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Cooper’s future CEO eyes a 32% Ebit margin
CooperVision's revenues increased by 14 percent to $444.8 million in the first quarter of its financial year, ended Jan. 31. On a comparable pro forma basis, excluding foreign currency gains and the acquisition of Paragon in December, its sales grew by 7.6 percent, with increases of about 9 percent in ...
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De Rigo sales increase by 5.5%
De Rigo posted sales of €429.5 million in 2017, up by 3.8 percent in euros and by 5.5 percent in local currencies. Wholesale revenues increased by 8.1 percent at constant currency rates to €254.1 million, lifted by the acquisition in 2016 of Rem Eyewear and higher sales of licensed brands ...
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Luxottica is bullish on profits but cautious about its sales
The group announced an increase of 11.3 percent in its net income to a record level of €1,038 million for the past year, benefiting from a boost of about €50 million from the Italian tax relief scheme on intellectual property known as “Patent Box.” The adjusted net profit grew by ...
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L’Amy America boosts its operations
L'Amy America announced several new appointments and internal promotions ahead of the International Vision Expo East fair in New York. They should help keep up the momentum for the U.S.-based company, whose global sales are expected to grow at a double-digit rate this year, reaching a level of more than ...
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The big merger passes two big hurdles
The anti-trust authorities of the European Union and the U.S. gave their unconditional approval to the proposed combination of Essilor and Luxottica on the same day, March 1, leaving only the jurisdictions of Brazil and China to issue their verdict. The news led to an immediate increase in the share ...
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MIC, a new brand of eyewear from the Dolomites
Based in Italy's eyewear district around Belluno, Immagine 98 has been operating in the international market for some years with its X-Ide and Rye-Lye brands. The company showcased another new brand, MIC Made In Cadore, with a special installation at last month's Mido show in Milan. It's the result of ...
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Luxottica buys a Japanese factory
Luxottica has agreed to buy a 67 percent stake in a Japanese manufacturer, Fukui Megane, specialized in the production of titanium and solid gold eyewear frames. The acquisition will give the Italian group an industrial presence in the Fukui district of Japan, which is a international center of excellence in ...
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Online sales expand in various countries
The latest edition of the Optical Monitor (OMO), the semi-annual consumer survey commissioned to GfK by the Mido and Silmo trade fairs, involved 4,830 consumers questioned in the U.S., China, Russia and Japan in December and January. Presented on Feb. 25 at the Mido trade show in Milan, the survey ...
