All Article articles – Page 75
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Essilor’s sales momentum is improving
While reporting on a strong end to the 2017 financial year, with an organic 5.1 percent increase in the fourth quarter, the management of Essilor International predicted that the group's sales will go up by around 4 percent in 2018, compared with last year's growth of 3.5 percent. The contribution ...
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Eyewear ownership rises in the U.S.
The ownership of ophthalmic optical products rose last year in the U.S. in all the categories, according to GfK ‘s latest OMO Optical Monitor, but it remained higher in the main Western European countries. It increased in most of the categories in China, and it declined somewhat in Russia and ...
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A good Mido
The show's organizers announced a 4.9 percent increase to about 58,000 in the number of trade visitors entering the fair, as compared to a year ago. Their geographical breakdown could not be obtained, but the business climate seemed to be relatively good.Coupled with a 5 percent increase in the space ...
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Interesting long-term trends in the market
GfK has a good grasp of the optical market, with more than 160,000 optical retail shops around the world supplying their sell-out data for its retail panels, on top of its consumer surveys. It has been following the evolution of the market for many years, allowing it to draw some ...
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Italy’s eyewear output rose by 2.9% in 2017
In 2017, the value of Italy's production of eyewear rose by 2.9 percent to €3,805 million, according to preliminary data released by the association of Italian eyewear manufacturers, Anfao, ahead of the big Mido trade show in Milan.The increase was driven by exports, which absorb nearly 90 percent of the ...
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Investors wonder about Safilo’s future under new leadership
Safilo announced on Friday, Feb. 16 that its chief executive, Luisa Delgado, is retiring on Feb. 28 for “personal reasons.” The announcement was unexpected and furtively made after the close of the Milan stock exchange on Friday evening. But the transition was obviously well prepared because the 51-year-old manager will ...
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Spektre aims higher with its business model
Spektre, a nine-year-old Italian company that has found its place in the international eyeglass market through an interesting business model, is seeking to expand through license agreements or through mergers or acquisitions like those it has recently tried to carry out, albeit without success.In eight years, the company's sales have ...
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Alaïa launches sunglasses through Kering Eyewear
Alaïa has announced the expansion of its portfolio of products with the launch of sunglasses, produced in partnership with Kering Eyewear. The portfolio of the Parisian fashion house, which is part of Richemont, already includes ready-to-wear, couture, fragrance, and leather accessories. Kering Eyewear develops and distributes eyewear for Saint Laurent, ...
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The Alviero Martini brand goes to Ioves
Ioves, an Italian eyewear manufacturer operating since 1950 in the Cadore district, has acquired a global three-year license for sunglasses named after Alviero Martini, an Italian brand of leathergoods and vintage travel bags. The license had been for many years in the portfolio of Sover, another Italian company that closed ...
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Italia Independent goes for another capital increase
The Italia Independent Group's board of directors has announced its intention to analyze the opportunity of new strategic partnerships and to propose another capital increase in order to support the brand's relaunch. A spokesman for the company indicated that it is looking in particular for a licensee or another industrial ...
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IC! Berlin invests in a new online strategy
Ic! Berlin has hired Pablo La Rosa for the newly created position of global brand director. La Rosa has been tasked with bringing the brand into the digital world and helping to re-define the company's identity. A 20-year marketing expert from outside the eyewear industry, La Rosa has been working ...
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New brand and investments for Inspecs
Inspecs, the British eyewear company has been investing and reorganizing itself in many areas since it took over one year ago the Killine group, an OEM manufacturer based in Macau with factories in China and Vietnam, and a design office in Lisbon, Portugal.The Bath-based company, which claims to be the ...
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A new challenge for Monica Dal Cin
As we reported briefly in our last issue, Monica Dal Cin, an Italian veteran of the eyewear industry, has been named managing director of Area 98, the company that produces Coco Song, La Matta, Robert Rudger and other lines, with responsibility for sales and marketing.What we didn't say is that ...
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Vittorio Tabacchi claims “too many mistakes” were made at Safilo
Vittorio Tabacchi, former chairman of Safilo and son of the company's founder, Guglielmo Tabacchi, said that “too many mistakes” had been made at the company, in which his family still has a 9.22 percent stake through the firm Only 3T according to bourse filings.In an interview with the daily Il ...
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Glorify seeks crowdfunding
Back in 2008, Glorify Unbreakable caused a stir at the Opti show in Munich with prototypes of an unbreakable range of glasses. While the idea was engaging, it was quickly apparent to stand visitors that it was more of a concept than a product ripe for full serial production.The inventor, ...
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L’Amy is expanding
French eyewear is far from being doomed, despite the recent demise of Logo Eyewear and some smaller firms. To prove it, another big French player, the L'Amy Group, is doing better. It started to break even in 2017, after several years of losses, and it now has some interesting new ...
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PogoTec is going public
PogoTec, which makes electronic wearable devices with an embedded point-of-view camera and augmented reality system, is preparing for a listing on the the Nasdaq stock exchange.The U.S.-based company has announced that its initial public offering of up to $32 million has been validated by the U.S. Securities & Exchange Commission ...
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Maui Jim moves into the optical world
Maui Jim, the American brand of polarized sunglasses, has been gradually launching its first full ranges of prescription frames and ophthalmic lenses, in tune with what Oakley and other major eyewear brands have been doing recently, backing up this new project with an additional lens manufacturing facility in Europe.The move ...
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The German eyewear industry grows by 2.8%
The German eyewear industry experienced a 2.8 percent increase in turnover in 2017 to reach a level of €4.44 billion, according to figures released by Spectaris, the national trade association of the industry. Domestic sales rose by 2.1 percent to €2.2 billion, while foreign sales increased by 3.5 percent to ...
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GrandVision's store expansion boosts 2017 revenues
GrandVision said the expansion of its retail network made the highest contribution to the company's annual growth in its history last year, adding 1.7 percentage points to the turnover, according to preliminary figures. The number of stores rose by more than 250 in 2017 to a total of 7,001 units, ...
