All Article articles – Page 85
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A record year for Zeiss
Sales went up by 8 percent to €1,089 million for the Zeiss group Vision Care & Consumer Products division in the financial year ended last Sept. 30, thanks in part to growing demand for Zeiss eyeglass lenses and various product innovations. Recent launches included DriveSafe and PhotoFusion as well as ...
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Rodenstock sets up a U.S. subsidiary
The German company has announced that it will re-introduce its lines of prescription frames and sunglasses in the U.S. as of Jan. 1 through a new sales subsidiary. Located in Sheridan, Wyoming, it will be headed by Chris Juergens, who worked for Silhouette for 15 years, the last nine as ...
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The European eyewear market grew by 2.8% in the first quarter of 2016
Consumer spending on eyewear products grew by 2.8 percent overall in value to €8.8 billion during the first six months of 2016 in four major European markets: France, Germany, Italy and Spain, according to GfK. The growth was partly due to a general tendency to prefer more expensive items, according ...
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Luxottica posts reassuring Q3 results, sees growth in 2017
Luxottica posted third-quarter results in line with market expectations, reassuring observers after the company issued a profit warning in July. The company was upbeat about the fourth quarter and expects 2017 to be a year of growth.For the third quarter ended Sept. 30, Luxottica posted sales of €2,225 million, up ...
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Hoya launches its 3D system
Hoya Vision Care used the international platform of the Silmo trade show in Paris at the end of September to present a new integrated offer of spectacles and lenses to the market, called Yuniku, describing it as the world's first tailored eyewear that is entirely designed to provide optimal vision ...
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French firm takes the Silmo award for its 3D program
A French startup, NetLooks, clinched the 2016 Silmo d'Or award for innovation in the materials and equipment category at the Silmo trade fair in Paris. The company's proprietary software allows opticians to create “à la carte” personalized frames using a 3D image of the customer, who is then offered the ...
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Alain Afflelou wants to go public again
As we had previously reported, the shareholders of Alain Afflelou were considering several options to cash out of the company and to provide it with new financial means for its international expansion (Eyewear Intelligence vol. 17 N° 9, July 4, 2016). In the end, they have decided to raise more ...
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Barberini Eyewear goes international
One of the world's major producers of mineral lenses, Barberini Spa, now has a full-fledged Barberini Eyewear division for sunglasses, including RX sunglasses. While the parent company is still headquartered at Silvi Marino in the Abruzzo region of Italy, the new division is based at Santa Marta near Venice in ...
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iC! Berlin customizes glasses, offers services to third parties
In the past two years, iC! Berlin invested more than €2 million in new manufacturing technologies and additional capacities. At the beginning of this year, the company opened a new 1,600-square-meter production site in Berlin. It also moved its headquarters in the German capital to a new 1,200-sqm. building on ...
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Hoya buys Performance Optics
Hoya Corp. announced a definitive agreement to acquire Performance Optics from Wind Point Partners. The business includes Vision Ease, a large player in the U.S. market for polycarbonate eyeglasses, and Daemyung Optical (DMO), the second-largest Korean supplier of optical lenses, which is particularly strong in high-index cast lenses.With manufacturing facilities ...
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Last chance for Logo
We held up the publication of this issue until now to be able to report on the future of Logo Eyewear, the insolvent eyewear licensee for LVMH’s Tag Heuer and Fred brands. A bankruptcy court in Lyon was scheduled to approve or reject on Nov. 2 a conditional takeover proposal ...
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Strengthening margins for CVI
Sales increased by 6 percent at CooperVision (CVI) in terms of dollars as well as local currencies during the third quarter ended July 31, reaching $409.9 million during the period. Both toric contact lenses and single-use spheres grew by 10 percent, representing more than half of the company's total turnover, ...
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Uvex focuses on digital
Creating a new position, the German group has appointed a chief digital officer, Olaf Lamberz, to develop new digital processes and business models and to address new target groups in an increasingly complex market. Reporting directly to the group's chief executive, Michael Winter, he will start with Uvex's sports eyewear ...
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Disappointing sales of lenses for Hoya
In reporting results for the second quarter of its financial year, ended on Sept. 30, the management of Hoya Corp. expressed disappointment with its sales of its eyeglass lenses. Their growth hovered between one and two percent in constant currencies during the period, as compared to the same quarter a ...
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Essilor remains optimistic in spite of weak sales
Essilor International posted weaker-than-expected revenues in the third quarter, largely due to sluggish sales in the U.S., which remains its biggest single market. They increased by 6.4 percent from the year-ago quarter to €1,723 million, or by 7.2 percent without the effects of currency fluctuations. On a comparable basis, the ...
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Safilo reinforces its presence in Northern Europe, new leader for Western Europe
Safilo has created a new business region combining the U.K. and Ireland with the Nordic countries of Iceland, Sweden, Finland, Norway, Denmark, and the Baltics. The new Northern region will be led by Fréderic Laffort, who will also maintain his roles as country manager of Safilo U.K. and global department ...
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Margins are off at Fielmann
Fielmann has reported a further increase in sales during the third quarter ended Sept. 30 – in both volume and value – but the operating, pre-tax and net earnings declined as compared to the year-ago period.While consolidated revenues went up by 2.0 percent to €346.8 million for the quarter, with ...
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Mykita launches MVO and first Studio line
With some delay from the previously set schedule, Mykita launched its eyewear customization system, called MVO, in September among a restricted circle of 100 people, including family members and friends of the German brand.As previously reported, MVO combines three digital technologies: 3D scanning, parametric design and additive manufacturing. Three different ...
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Mixed results for GrandVision
GrandVision's sales rose by 3.2 percent to €2,495 million in the first nine months of 2016, including a 2.2 percent increase in the third quarter. The devaluation of the British pound and some currencies in emerging markets had a negative effect of 3.0 percentage points in the nine months. At ...
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Ineurope, a new group of voluntary groups
Six voluntary groups of independent opticians in seven European countries have decided to join forces to share experiences and best practices in the optical and hearing aids segments in order to help their 4,500 members to do a better job, maximizing sales and profits. They want to help each other ...
