All Article articles – Page 77
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Leonardo Del Vecchio creates his own foundation
Following the recent example of Giorgio Armani, an Italian designer who is 82 years old like him, Leonardo Del Vecchio has decided to create his own foundation, with an initial endowment of €300 million. Del Vecchio has changed the by-laws of his family's Luxembourg-based holding company, Delfin, giving its management ...
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Flat market in the U.S.
Higher sales of contact lenses, plano sunglasses and OTC readers could not prevent the vision care sector from recording an overall sales decrease of 0.1 percent to $40.21 billion in the U.S. during a rolling 12-month period ended last Sept. 30, according to the Vision Council's quarterly VisionWatch survey.As 1.3 ...
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Zeiss’ overall sales and profits improve strongly
Carl Zeiss reported an increase of 2 percent to €1,108 million in the revenues of its Vision Care and Consumer Products division for the financial year ended last Sept. 30. According to a spokesman for the German company, the segment's growth was mostly driven by Zeiss' precision eyeglass lenses, but ...
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The role of the internet is rising for sunglass purchases
Classical opticians are still the chief place for purchases of eyeglasses in the main European countries, but internet websites, fashion stores and department stores have been growing in importance for the purchase of plano sunglasses, according to the latest results of the semi-annual Optical Monitor (OMO) presented by GfK in ...
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Italian eyewear exports rose by 3.6% in H1
Italy's eyewear exports rose by 3.6 percent in value during the first half of 2017, with sales of prescription frames up by 4.3 percent and sunglasses up by 3.2 percent. After three years of double-digit growth rate, the industry's development in foreign markets had already slowed down in 2016, and ...
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Novartis delays decision on Alcon spinoff until 2019
Novartis has announced that any potential action about Alcon turning into a stand-alone company is “not likely before the first half of 2019.” According to Reuters, Novartis' chief executive, Joe Jimenez, told reporters that what the company “would be considering right now is a separate listing,” and those shares would ...
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Luxottica’s Q3 sales hit by natural disasters
Luxottica posted a 3.5 percent drop in third-quarter sales to €2,147 million, missing market expectations by €25 million, as about 800 of its stores in the U.S. and other parts of the world were closed due to extraordinary events. At constant currency rates, revenues grew by 0.8 percent. The company ...
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Silmo celebrates 50 years with a bang
The number of visitors at Silmo grew by 10.6 percent to a total of 37,337 for the 50th edition of the French trade show, which ran from Sept. 23 to 26. While the number of French visitors increased by 8.8 percent, attendance from abroad went up at an even stronger ...
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De Rigo accelerates, strengthens production and processes
Following an encouraging 9.7 percent increase in its wholesale revenues in the first nine months of this year, De Rigo Vision has announced a major investment in human resources. It has decided to hire 54 professionals, half of whom will work in production, 40 percent in the technical office and ...
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Premium Equity Partners acquires ic! Berlin
Premium Equity Partners, an investment company that focuses on medium-sized firms, has acquired 65 percent of the shares in ic! Berlin. The price of the transaction has not be revealed. Ralph Anderl, who was the sole owner of the company, is retaining a 30 percent interest and will become a ...
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Mykita upgrades retail platform, expands in Asia, goes into rimless
Mykita introduced an upgrade of its retail platform at the Silmo show in Paris last month. The Mykita Partner Portal, which went live two weeks later, includes a B2B online store that gives its retail clients 24/7 access to the full product portfolio, simplifying the ordering process and providing real-time ...
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Fleye wins a special Silmo award
Fleye Copenhagen won the prestigious Silmo d'Or Premiere Classe Special Award at the international eyewear show in Paris at the beginning of October. The winner in this category is chosen out of all the nominees in all eight Silmo d'Or award categories. The award includes a free booth for the ...
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Brando buys Sunday Somewhere
Brando Eyewear, the luxury eyewear subsidiary of Mondottica, is acquiring an interesting Australian brand of fashionable and accessible sunglasses, Sunday Somewhere, which will benefit from the group's supply chain, its management expertise and other state-of-the-art resources. The takeover agreement, whose terms were not disclosed, was announced during last month's Silmo ...
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Going Forward Brands drive Safilo
In releasing its results for the third quarter, the Safilo Group's management reported that operations have returned to normal at its distribution center in Padua. The switch to a new order-to-cash system had caused delivery problems in Europe during the first quarter, resulting in lower sales in May and June, ...
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Impairment charge hits GrandVision's results
GrandVision posted revenues for the third quarter of the year that were up by 3.3 percent from the year-ago quarter, or by 5.3 percent at constant exchange rates. On a comparable store basis, they gained 3.1 percent as a result of continued growth in the Other Europe and Americas & ...
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New synergies in the Design Eyewear Group
Denmark's Design Eyewear Group, which bought the assets of Kilsgaard Eyewear last February, has decided to add this Danish brand to the sales network of Face a Face, another brand of the same group, for almost all markets. The Design Eyewear Group's own sales team will handle Kilsgaard in the ...
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Essilor’s momentum improves
The results published by Essilor International for the third quarter indicate that its sales have been gathering momentum, particularly in the lenses and optical instruments division and in sunglasses and readers. Segment sales grew by 3.1 percent and by 0.2 percent on an organic basis during the quarter in these ...
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Good eyeglass lens sales for Hoya, except in Europe
In commenting on its results for its second financial quarter, ended on Sept. 30, the management of Hoya Corp. said that the recent changes in the French medical insurance system drove the group's business in eyeglass lenses to record lower earnings in Europe.Conversely, Hoya's sales of eyeglass lenses in the ...
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A little pause in the European market’s growth
The European market for ophthalmic optic products declined by 0.3 percent in the first half of this year based on the data collected by GfK at the point of sale for the four major markets in the continent. Retail sales declined the most in France, where they were down by ...
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Opti looks to the future shopping experience
Next year, when it will be celebrating its 20th anniversary, the international German trade show in Munich will not be looking to the past, but to the future. The 0pti 2018 exhibition, scheduled for Jan. 12-14, will feature a new “Futureshop” where opticians will be able to experience technological innovations ...
