All Article articles – Page 82
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Vuarnet targets breakeven results in 2018
Vuarnet, the well-known French brand of mineral sunglasses, is growing fast and moving into new markets, while building up its brand image in its two main markets - France and the U.S. – in partnership with selected retailers. Its sales grew by 45 percent to about €10 million last year, ...
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Austerity for Italia Independent after a bad year
Austerity measures are in the cards for the Italia Independent Group, after its negative performance in the first three quarters of 2016 was confirmed with the recent announcement of very poor results for the full financial year.The recently reported injection of €3 million in new equity has brought the company's ...
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Allison Volta Mantovana resumes its growth
AVM 1959 – the new name for the former Allison, acquired in 2014 by the Paladin investment group – generated sales of €30 million in 2016, up by 7 percent year-on-year, recovering from the drop recorded in the previous year when the transfer from its former base in Padua forced ...
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J&J completes the purchase of AMO and updates its structure
Johnson & Johnson (J&J) has completed the acquisition of Abbott Medical Optics (AMO), a wholly-owned subsidiary of Abbott. The all-cash $4.3 million acquisition, which was originally announced in September 2016, includes Abbott's products in the areas of cataract surgery, laser refractive surgery and consumer eye health. Following the acquisition, these ...
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Safilo books a massive writeoff in Asia
Safilo's net loss widened to €142.1 million for the 2016 financial year from €52.7 million a year earlier as one-off charges rose to €159.8 million from €60.5 million. For 2016, the group has booked an impairment loss on the goodwill of its Far Eastern business of €150.0 million. The activity ...
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The Italian fashion industry forms an umbrella association
After two years of preparation, the Italian fashion industry has given birth to a common umbrella association for its apparel, footwear and accessories segments, called Confindustria Moda. The new confederation will be positioned above Sistema Moda Italia, which groups textile and apparel firms, and Fiamp (Federazione Italiana dell'Accessorio Moda e ...
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Etnia Barcelona goes through the roof
Etnia Barcelona is preparing for a big splash on April 20 with the opening of its flagship store in the famous Born district in the center of the Catalunyan city. It is the first venture in the retail sector for the Spanish brand of colorful glasses, which has experienced a ...
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Better margins and market shares for CVI
CooperVision claims that it continued to grow faster than the overall soft-contact lens market in the fourth quarter of 2016, with sales rising by 10 percent in a market that grew by 6 percent to an estimated global level of $1,830 million, according to the Contact Lens Institute. The actual ...
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A new playing field for Briko
Briko, the Italian brand of sport eyewear, helmets and garments for cycling and winter sports, exhibited for the first time at Mido last month. It got a big space in an area of the fair where other sports brands had been invited to exhibit, but they did not show up. ...
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Richemont teams up with Kering for Cartier
After LVMH's tie-up with the Marcolin Group, the other two major luxury goods group in the world, Kering and Compagnie Financière Richemont have reported on a different and interesting new partnership in the eyewear sector. Kering and Cartier, the most important brand of jewelry in Richemont's portfolio, have announced plans ...
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Interesting market trends in China, Russia, the U.S. and Japan
Russian consumers enjoy the cheapest selling prices for prescription frames, and even more for sunglasses. The Chinese are the biggest buyers of discounted optical products, which tend to carry the largest rebates. While Americans are the biggest buyers of optical glasses online, the Japanese stand out for a particular low ...
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Safilo’s efficiency drive hits snags
Safilo warned that it will suffer a 15-20 percent decline in the sales of ongoing brands in the first quarter of this year due to delivery delays stemming from a longer-than-expected upgrade of its logistics center in Padua, near its head office in Italy. The group aims to recoup lost ...
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Safilo sets up a global network of exclusive partners
Building on her past experience at Procter & Gamble, Safilo's chief executive, Luisa Delgado, has set up a “Global Partner Network” of 54 selected distributors, covering 75 countries around the world, with whom the company has negotiated special conditions that will benefit both parties. This “certified” group of loyal and ...
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Philipp Plein launches eyewear
Named after a Munich-based designer who is now only 39 years old, Philipp Plein is a fast-growing consumer brand that is meant to appeal mainly to status seekers, particularly in emerging markets like Russia and China where it is said to be particularly well-known. The brand is part of a ...
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Fedon increases margins, grows at retail
With revenues relatively stable at $71.6 million - up 0.33 percent - Fedon closed 2016 with higher margins. Ebitda amounted to €5.1 million, up by 19.3 percent, while Ebit grew by 30.2 percent to €3.2 million. Net profits also grew, by 8.4 percent, to €1.6 million, giving it a slightly ...
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Krys gains market share in a flat market
According to I+C, a research company quoted by the Krys Group in its latest presentation of its results, the French optical market declined by 0.5 percent in 2016 on a comparable basis. Nevertheless, the French voluntary group claimed that it reinforced its leadership by raising its total market share by ...
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Vision Group soon to be floated in Milan
Vision Group, an Italian buying group with 1,700 retail members that operate more than 2,100 optical stores, has been accepted on the Elite program of the Milan stock exchange, and is likely to be floated by the end of the year.The group generated revenues €70 million in 2016, with a ...
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Luxottica has started its own lens lab
Like Rodenstock or, more recently Silhouette, Luxottica has started offering complete packages of lenses and frames. Irrespective of its agreement to merge with Essilor International, it has started producing ophthalmic lenses at a new facility at Sedico, close to its logistic hub and not far from its main factory for ...
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Spy Optics returns to profitability
Spy Optics made a spectacular comeback in 2016, posting record net income after years of losses. Its net earnings for the year were its highest since 2004, reaching $804,000. They mark a stark contrast with 2014 and 2013, when the company incurred net losses of $1.9 million and $2.9 million, ...
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Germany’s eyewear industry grows by 1.5%
The German ophthalmic optic industry improved its turnover by 1.5 percent in 2016, reaching a level of €4,318 million, according to Spectaris, the national trade association of the industry. Sales grew by 2 percent to €2.204 billion in Germany and by 1 percent to €2.11 billion in other countries.Supplying the ...
