All Article articles – Page 83
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U.S. Optical Barometer pointed upward in 2016
The Optical Business Barometer (OBB), a survey designed to gauge business attitudes among independent eyecare professionals in the U.S., pointed upward in 2016 as compared to 2015's ratings. Overall optical, eyeglasses, exams and contacts lenses each showed ratings increases between 1 and 2 percent over 2015.The ratings in Overall Optical ...
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Focus on digitalization at Opti 2017 in Munich
The Opti show, which took place in Munich on Jan. 28-30, welcomed a total of 557 exhibitors from 35 countries on an exhibition space of over 40,000 square meters. The number of exhibitors showed a decline as compared to a year ago, when there were 576, coming from 37 countries.More ...
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Hoya enlists Aoyama France for Yuniku 3D
Hoya Vision Care launched its new integrated offer of spectacles and lenses, called Yuniku, at the Silmo trade show in Paris in September, as reported at the time. It presented it with the collaboration of Hoet, a Belgian studio with experience in 3D glasses, offering 12 shapes in nine different ...
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Fielmann accelerates in Q4, expands in Italy
Declaring itself pleased with its performance in Italy so far with its new store in Bolzano, the biggest optical retailer in Germany opened a new store in the northern Italian city of Vicenza last week and plans to open another one in nearby Verona at the end of March. Fielmann ...
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Luxottica’s sales have been accelerating
Luxottica posted fourth-quarter sales slightly above market expectations, with the growth rate accelerating as compared with the first nine months of the year. The group has reported a turnover of €2,142 million for the period, up by 6.3 percent at actual exchange rates and by 5.2 percent at constant rates, ...
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GrandVision grows across all product categories and regions
GrandVision reported revenues of €821 million in the fourth quarter of 2016, which represent a 7.8 percent increase at constant exchange rates. On a same-store basis, they increased by 3.8 percent, driven by a strong year-end performance, especially in the Other Europe segment, one of the group's three regional segment ...
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Essilor posts good results ahead of its merger with Luxottica
Essilor International delivered strong results for 2016, ahead of the merger with Luxottica, which was announced on Jan. 16 and is expected to close toward the end of 2017. The world leader in ophthalmic lenses said that preparations for the deal “were progressing well.” Both companies are engaged in the ...
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Marcolin announces a refinancing package
Marcolin announced the issuance of €250 million of new senior secured non-convertible notes expiring in 2023 and a new €40 million revolving credit facility. The proceeds of the new notes, along with the new revolving credit facility and the capital increase financed by LVMH, are intended to redeem €200 million ...
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Mondottica is joining the big league, too
Mondottica Group announced today its acquisition of Lunettes Yves Cogan, an artisanal manufacturer of luxury eyewear in the Jura region of France. It did so shortly after its announcement of two new important licensing deals for the development, production and global distribution of the first full-fledged lines of eyewear under ...
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Hoya’s eyeglass lens business picks up speed
Hoya Corporation's revenues from eyeglass lenses increased at a low single-digit rate in local currencies during the third quarter ended Dec. 31, according to the Japanese company's management, recovering somewhat from a slight increase in the second quarter.In the Americas, Hoya experienced a growth rate close to 10 percent, following ...
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Inspecs buys Killine
Inspecs says it has become one of the top ten eyewear companies in the world through the acquisition of all the assets of the Killine Group, an OEM manufacturer with 1,200 employees around the world that owns factories in China and Vietnam, producing over five million frames per year.A statement ...
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Mido continues to grow
This year's edition of Mido edition, scheduled to take place in Milan on Feb. 25-27, will have about six percent more exhibitors than the previous year. The organizers said that there will be around 1,200 exhibitors, or about 70 more than in 2016, including about 130 newcomers. The trade fair ...
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Italy’s eyewear production slows down
In 2016, the value of Italy's production of eyewear rose by 3.7 percent to €3,697 million, but marked a slowdown from the 12.4 percent and 9.4 percent increases enjoyed in 2015 and 2014, respectively, according to the Association of Italian Eyewear Manufacturers, AnfaoSales outside Italy absorb nearly 90 percent of ...
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Safilo’s sales slip less than expected
Safilo posted a 2.0 percent decline in full-year sales to €1,253 million as the group suffered from the loss of the Gucci license. Nevertheless, the group beat market expectations by about €8 million. At constant currency rates, revenues were down by 1.2 percent and even rose by 3.6 percent for ...
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LVMH joins forces with Marcolin
LVMH has chosen Marcolin as its new eyewear partner, confirming previous speculation in the media. Under the deal, the two companies plan to set up a joint venture in which LVMH will have a 51 percent stake and Marcolin the remaining 49 percent. LVMH, which is the world's largest luxury ...
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Silhouette starts making its own lenses
At last month's Opti show in Munich, many visitors were surprised to see the presentation by Silhouette International of its first line of single-vision and free-form lenses. They will be manufactured at the Austrian company's new production center, called the Silhouette Lens Lab, which officially opened on Feb. 3 at ...
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Parallel importer addresses independents’ problems
The growing dominance of certain segments of the eyewear market by big players such as Luxottica and their sales practices have triggered the emergence and the growth an interesting aggregator of parallel imports in the sector, Eoptika, whose methods are similar in different ways to those of Uber and Costco.It ...
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Afflelou raises sales but deepens losses
Alain Afflelou's network of directly owned and franchised stores posted network sales in line with the company's expectations for the three months ended last Oct. 31. They went up by 8.2 percent over the previous year's first fiscal quarter to €170.8 million, with an increase of 4.8 percent on a ...
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Novartis plans to spin off Alcon
Novartis said that it could sell or spin off its eye care unit, Alcon, which includes one of the world's largest contact lenses companies, Ciba Vision. The business was gradually bought from the food group Nestlé for a total of $51 billion. The last stake of 52 percent was purchased in ...
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Ocuco buys a Dutch software company
Claiming that the deal has reinforced its position as the world's largest and most international supplier of software for optical retail stores and laboratories, Ocuco announced earlier this month its acquisition of B&F Group, a leading store management software provider in the Netherlands in the optical sector and others.About half ...
