All Article articles – Page 76
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Eschenbach records a strong 2017
The fresh winds promised by a management change two years ago seem to be filling the sails at Eschenbach Optik. Without giving specific numbers, the largest eyewear producer in Germany, which is also a major global supplier of low-vision equipment, says it enjoyed solid growth across all markets, except the ...
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Novartis should decide on Alcon by mid-2019
Novartis said it has made significant progress in the ongoing strategic review of Alcon, and could take a final decision on whether to keep it, or not, by June next year. As previously reported, the group announced in early 2017 that it could sell or spin off its eye care ...
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Luxottica grows by 4.3% currency-neutral
Luxottica posted a 2.3 percent decline in fourth-quarter revenues to €2,093 million, due to adverse currency rates, but beat market expectations by about €25 million. At constant exchange rates, the top line grew by 4.3 percent, driven by Europe, North America, Australia and Brazil.The momentum appears to be strong, as ...
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More action at Zeiss
Carl Zeiss unveiled an innovative new digital system for 3D centration data determination at Opti that assists partnering opticians to provide consumers with a pair of glasses that are better fitted to their needs. With the launch, the Vision Care and Consumer Products division is aiming to maintain the regained ...
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Smartphone icons become an eyewear brand
The term Emoji comes from the Japanese language, combining the words “picture” (e) and “character” (moji). If many are not familiar with the word itself, almost everyone in this digital era is using emojis on a daily basis. They are the small colorful icons used to cheer up SMS, emails, ...
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France is the biggest importer of eyewear in Europe
France became the biggest importer of ophthalmic optic products in the European Union in 2016, reaching a level of €1.37 billion, according to an annual report on trade flows in Europe released a few weeks ago by Spectaris, the German ophthalmic industry association. Germany, which held the first place in 2015, ...
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CooperVision sets up a Specialty Eye Care unit
CooperVision is continuing its bold expansion moves with the creation of a Specialty Eye Care business unit, saying that is designed to accelerate eyecare professionals' access to innovative products. Juan Carlos Aragon has been named president of the business, which groups some recent acquisitions.The new Specialty Eye Care business includes ...
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J&J Vision Care posts strong sales
Worldwide sales for Johnson & Johnson (J&J)'s Vision Care unit increased to $1.12 billion in the fourth quarter of 2017, as compared to $721 million in the fourth quarter of 2016. U.S. sales rose to $433 million, up from $265 million a year ago. International sales accounted for $686 million, ...
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De Rigo makes executive changes
De Rigo has announced executive changes for its North American, Middle Eastern and U.K. branches as part of its internal reorganization. Alessandro Baronti is the new president of De Rigo Rem, the North American branch, based in Los Angeles. He replaces Steve Horowitz, who held that role for the past ...
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Safilo’s quarterly sales drop sharply, especially in Europe
Hal stated earlier this week that it does not plan to modify its 42.2 percent stake in Safilo. The comments were released after Safilo's share price had surged on speculation that the Dutch investment group could buy out Safilo's minority shareholders, or that Safilo could be taken over by a ...
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Hoya Lens grows strongly
A 16 percent jump in sales of eyeglass lenses helped Hoya Corp. to register a 10 percent sales increase on a currency-neutral basis in its Life Care segment during the third quarter ended Dec. 31. The acquisition of Performance Optics in the U.S. and strong sales growth in the Americas ...
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Higher interest for Opti
Celebrating its 20th anniversary, Opti recorded positive numbers for visitors and exhibitors at the Messe München fairgrounds last month. Held on Jan. 12-14, the international trade show saw 28,430 visitors enter the turnstiles on a daily basis, up from 27,500 in the previous year. The 668 exhibitors from 40 countries ...
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Acuitis internationalizes further, goes online
Acuitis, the chain of stores specializing in vision care solutions that handle hearing deficiencies at the same time, has just launched its first web shop. Meanwhile, its network of corporate and franchised stores has grown to a total of 65 units in six countries, only ten of which are directly ...
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New management after the merger, which is reportedly drawing nearer
The future management set-up at Essilor-Luxottica became more blurred after Hubert Sagnières, chairman and chief executive of Essilor, told the Financial Times earlier this month that “we will hire a professional CEO” once the merger is completed. In the interview published on Dec. 10, Sagnières added that the parties purposely ...
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EU negotiators agree to end unjustified geo-blocking
European Union negotiators have agreed to put an end to unjustified geo-blocking, meaning that consumers should be allowed to purchase more products and services online from websites in other European countries.The agreement was reached on Nov. 20 by the European Parliament, the Council and the Commission, which made it a ...
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Mondottica buys another French supplier
Gem Lunetterie, a French eyewear manufacturer located at Bellignat, near Oyonnax, has been taken over by one of its clients, Mondottica, the fast-growing international eyewear group led by Michael Jardine, along with its four employees and its general manager, Betrand Viboud.A local court accepted the offer made by Mondottica for ...
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Fedon benefits in part from its diversification
The revenues of the Fedon Group fell by 5.5 percent to €49.1 million in the first nine months of 2017. The rate of the decline would have been higher for the big Italian supplier of eyewear cases without its diversification into leathergoods, whose sales grew by 26 percent to €6 ...
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The BRICs help drive Italy’s exports
Italy's exports of eyewear to the BRICs – Brazil, Russia, India and China – jumped by 21.1 percent in the first eight months of 2017, with increases of 18.1 percent for prescription frames and 22.4 percent for sunglasses.The good performance in these generally fast-growing markets helped the Italian eyewear industry ...
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CooperVision builds up a new specialty segment
CooperVision announced on Dec. 1 the acquisition of Paragon Vision Sciences, a company specializing in premium orthokeratology (ortho-k), specialty contact lenses and oxygen permeable rigid contact lens materials. Paragon, which is headquartered near Phoenix, Arizona, will continue to operate as an independent business, retaining its brands and offices.Rich Jeffries, president ...
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Francesco Milleri is Luxottica’s new CEO
Luxottica has announced the departure of Massimo Vian, chief executive of the group in charge of product and operations, ahead of the company's planned merger with Essilor International. At the same time, the group has announced the nomination of a new chief executive, Francesco Milleri, a 58-year-old industry consultant who ...
