All Article articles – Page 84
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Challenges and opportunities in the mega merger
Investment analysts generally greeted the announcement with enthusiasm, but some of them expressed fears about possible anti-trust challenges. Some competitors claimed that the move will antagonize independent retailers who may be pressured to buy more products from Essilor and Luxottica at high prices.There is also some suspicion that Lenscrafters and ...
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Essilor and Luxottica merge
We had already predicted the likely merger at some point between Essilor International and the Luxottica Group. The biggest new step in the ongoing consolidation and verticalization of the industry was announced at the beginning of last week. We have collected additional information and comments since we sent out an ...
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Glasses for rent - Europe looks at the Italian example
Here is another interesting business model: The first store entirely dedicated to the rental of eyewear opened its doors a few months ago in Rome. Called Affittaocchiali, it's part of a growing network founded two years earlier by an optical retailer, Marco Tricarico, at his outlet at Ferentino, in the ...
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LVMH reportedly eyes Marcolin, Safilo under pressure
According to media reports, which could not be confirmed at the time of going to press, the French fashion group LVMH is expected to buy a 10 percent stake in Marcolin as it plans to create its own eyewear hub, along the lines of the Kering Eyewear project. If the ...
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Luxottica acquires 100% of Salmoiraghi
Luxottica is taking over full ownership of Salmoiraghi & Viganò, one of the two major Italian optical retailing group by exercising an option to buy 63.2 percent of the company at an undisclosed price. The deal is scheduled to be completed in the first quarter of 2017. Luxottica already acquired ...
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Safilo posts positive Q3 but outlook remains uncertain
Safilo reported third-quarter results that beat market expectations but observers remained wary about the group's outlook over the next couple of years as it manages the exit of the Gucci and Céline licences. However, the Italian group had the satisfaction a few days later to announce the renewal of its ...
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Hoya acquires 3M’s safety prescription eyewear business
Hoya Vision Care, a division of the” Hoya Group, has announced a definitive agreement for the acquisition of the safety prescription eyewear business of 3M. Hoya will purchase only the prescription part of 3M's safety eyewear business, which employs around 140 people and includes an optical laboratory in Plymouth, Indiana. ...
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CooperVision accelerates
CooperVision experienced its strongest growth in 11 quarters in the three months ended Oct. 31, which marked the fourth quarter of Cooper Companies' financial year. CVI grew by 10 percent to $411.7 million in the quarter, up by 11 percent in constant currencies, outperforming again the market, particularly in Europe ...
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Budri adapts marble to eyewear
Marble glasses are now a reality. Its rather unexpected use of marble follows the introduction in eyewear frames of titanium, wood, carbon, paper, denim and other materials such as onyx and semi-precious stones.Budri, an Italian company specializing in marble objects and decoration, showcased the first collection of marble eyewear at ...
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Afflelou expands in the Indian Ocean, Switzerland
Alain Afflelou, the big French chain of franchised optical retail stores, has continued its international expansion with the opening of a new store in Switzerland and three stores on the islands of Mayotte and Mauritius in the Indian Ocean.The two 120-square-meter stores in Mayotte and Mauritius, franchised by Optic Développement, ...
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Mister Spex’ study sees Norway and Italy as best eye care providers
Mister Spex recently released The World Eye Care Coverage Index, an overview of the current status of eye health across the world. Using data from institutions such as the World Health Organization (WHO) and the World Bank as well as the health ministries of various countries, The leading German online ...
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Germany is the biggest market for imported eyewear
Germany became for the first time the biggest importer of ophthalmic optics products in the European Union in 2015, reaching a level €1.28 billion, according to an annual report by Spectaris, the German ophthalmic industry association, on trade flows in Europe. France came in second place with an import value ...
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Italia Independent’s boss fakes kidnapping in New York
The latest misadventures of the Italia Independent Group's owner and chairman, Lapo Edovald Elkann, does not seem to have unduly upset the company's board of directors. His brother John Philip Elkann, chairman of the powerful Fiat Chrysler group, has decided to join him in the recapitalization of the company, financing ...
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Safilo renews Dior license, will lose Céline
The Safilo Group announced that its important licensing agreement with the French fashion house of Christian Dior has been renewed until Dec. 31, 2020, but said that it will terminate the Céline license at the end of 2017, after extending it for one year. Céline was due to expire at ...
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Thierry Lasry plans to launch a men’s collection
Following on the opening of a flagship store on Paris' Left Bank in May 2016, Thierry Lasry, the French maker of handmade fashionable sunglasses that have graced the temples of international celebrities, aims to expand the brand's offering by branching out with a men's collection.Léonard Lasry, who founded the independently ...
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Denmark’s Fleye is eyeing expansion in Europe
With its new management team and new corporate identity, Fleye is stepping up efforts to broaden its footprint from its core market in Scandinavia into other European markets like Italy, France, Germany, Spain and Greece, the company said at the Silmo trade fair in Paris. The 14-year-old Danish eyewear design ...
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The Pope's optician has his eye on unusual designs
Alessandro Spiezia is no ordinary optician, and not just because the head of the Catholic Church is one of his customers. The Pope's optician stands out also by the originality of the models he selects for his customers, and the minute size of his premises. Called Ottica Spezia, his store ...
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Essilor lowers its guidance, promotes Vacherot
Essilor International has advised shareholders and analysts that its consolidated sales will only grow this year by around 3.5 percent on a comparable basis, down from a previous projection of 4.5 percent growth, and that they should generate a contribution margin of around 18.5 percent.The announcement sent its stock market ...
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Moscot sets up a European office
Moscot, the New York-based eyewear brand, has widened its European footprint with the opening of a new office in Lugano, Switzerland, for Europe and the Middle East. To take care of customs clearance and service its clients in the region, it has also contracted a third-party logistics firm with a ...
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Tag Heuer’s licensee goes under
A French bankruptcy court pronounced last month the liquidation of Logo Eyewear's assets after another French company, Cémo, withdraw a takeover offer for some of its assets and between 14 and 34 of its 170-odd employees in France. Acquired three years ago by Pierre Verrier, a former chief executive of ...
