All Article articles – Page 79
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L’Amy licenses Canali
While working on other new deals, L'Amy has signed a global, five-year license agreement for a collection of luxury men's sunglasses and optical frames to be sold under the Canali brand from next March. Made in Italy's Veneto region, it will initially consist of 14 prescription frames and 15 sunglasses ...
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The CIS eyewear market is due to be regulated
Several important bills are in the pipeline in the Commonwealth of Independent States (CIS), as Russia's president, Vladimir Putin, wants to tackle fake sunglasses in the domestic market, while members of Azerbaijan's parliament are planning to ban over-the-counter sales of any eyewear. At least 33 percent of the products from the ...
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New contact lenses for myopia and presbyopia
The Brien Holden Vision Institute and Mark'ennovy, a European-based manufacturer of monthly replacement contact lenses, have agreed on a strategic alliance that includes a worldwide exclusive licensing agreement for soft contact lenses. Under the terms of the agreement, the partners will develop and market an affordable line of soft contact ...
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Fielmann continues to expand in Italy
Fielmann is planning to end this year with a network of ten stores in northern Italy. The giant German optical retail chain opened its latest stores in the Italian cities of Vicenza, Verona, Trento, Varese and Piacenza. Encouraged by the initial results, it wants to raise the Italian network to ...
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Vista reassigns distribution roles
Vista Outdoor is restructuring international sales operations for its growing stable of sports and outdoor brands to make them more efficient and profitable and to adapt them to the changing structure of the market at retail and wholesale.Andrew Shand, the former vice president of international sales at Camelbak, will continue ...
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Inspecs licenses Farah, escapes inspection
Inspecs has sealed a multi-year licensing agreement with Perry Ellis International for Farah men's ophthalmic glasses and sunglasses. It's the first eyewear license under this brand name. The collection will be unveiled at Mido show Milan in February 2018 and at Vision Expo East in New York in April.Farah, a ...
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LVMH invests in Gentle Monster
After teaming up with the Marcolin Group, LVMH has indirectly acquired a stake in Gentle Monster, the fast-growing Korean producer of original eyeglass frames and sunglasses, known for their “weird beauty.” It has become the largest shareholder after the company's founders, Jay Oh and Hankook Kim, through one of its ...
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Vanni plans to invest in Germany
The new president of the Italian optical industry association (Anfao) and the Mido trade show, Giovanni Vitaloni, has a company headquartered in Turin, called Nico, that spearheaded the recent development of designer eyewear brands in his country. His company is more commonly known as Vanni, which along with Derapage is ...
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Recovering, Italia Independent licenses Rossignol
After sounding out other potential partners, Rossignol has signed a co-branding agreement for eyewear with Italia Independent as an accessory to the new line of lifestyle apparel that has been developed by the large French ski company. The first collection will be presented at the Mido show in Milan, at ...
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Luxottica prepares its 4th revolution with digital stores
Luxottica is preparing its fourth revolution with the widespread use of digital technology in its own and third party stores. The group's previous milestones in its development strategy were the attribution of the Armani license in 1988, the purchase of LensCrafters in 1995 and the acquisition of the Ray-Ban brand ...
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New Look Vision acquires Iris
The New Look Vision Group has agreed to acquire all of the issued and outstanding shares of Iris, Le Group Visuel (1990). Iris will operate as a stand-alone business unit within the New Look Vision Group. The acquisition is to reinforce New Look Vision's position as the largest Canadian optical ...
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Alcon’s contact lens sales grow for the fifth consecutive quarter
Novartis reported sales for its Alcon eye care business of $1.5 billion in the second quarter, up by 3 percent versus the same period a year earlier. Surgical sales grew by 3 percent, driven by the strong increase of cataract consumables and the return to growth globally of intraocular lenses. ...
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J & J posts double digit sales growth
Johnson & Johnson (J&J)'s Vision Care division saw U.S. sales increase by 63.6 percent in the second quarter versus the second quarter last year. International sales increased by 48.7 percent to $650 million. The figure includes the impact of the recent purchase of Abbott Medical Optics, which contributed 5.1 percent ...
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Anti-trust authorities are still probing the Essilor-Luxottica merger
Anti-trust authorities in the U.S., Canada and Brazil have filed “secondary requests” for additional information and documents before giving their blessing to the proposed €46 billion merger between Essilor and Luxottica, which would create a global eyewear powerhouse with annual revenues of more than €15 billion.They are three of the ...
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A new board for Italy’s eyewear association
Giovanni Vitaloni has been elected as the new president of Anfao, the Italian eyewear industry association, taking the place of Cirillo Marcolin for the next four years. He is also taking over the chairmanship of Mido, the international trade show in Milan, which he was overseeing as a vice president ...
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Essilor cuts sales targets due to China and Brazil
Essilor International has revised down its sales outlook for the full year. It is now targeting organic growth of about 3 percent this year - on a comparable basis and at constant exchange rates - compared with a previous target of 3 to 5 percent. Including acquisitions, the target range ...
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Good sales growth at Hoya Vision Care
Hoya Corporation has reported a 10 percent increase in its sales of eyeglass lenses for the first quarter of its financial year, ended June 30. Eliminating gains on foreign currencies, sales of these products still went up by a high single digit, according to the group's management, driven by higher ...
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Optical counters in Italian supermarkets
The number of optical retail counters in the supermarkets affiliated with Coop Alleanza 3.0 is set to grow from 21 to 33 at the end of this year, and to 70 by the end of 2018. Italy's leading voluntary group has already struck agreements with major suppliers including Essilor and ...
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GrandVision’s profits dip due to new French legislation
GrandVision missed earnings forecasts for its second quarter, largely due to the implementation of French legislation that has imposed ceilings on health insurance reimbursements. The company's adjusted core profits dropped by 6.4 percent to €140 million, well below a consensus estimate by financial analysts of €155 million.Moving forward, the management ...
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Luxottica’s sales disappoint but margins are resilient
Luxottica posted a 4.2 percent increase in first-half sales to €4,917 million, missing market expectations by about €40 million. At constant currency rates, the top line rose by 1.8 percent. On the other hand, the group's adjusted operating margin widened to 18.3 percent from 18.2 percent a year earlier. At ...
