All Article articles – Page 87
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Article
GrandVision’s quarterly sales accelerate
GrandVision's growth accelerated in the second quarter from the first one. Year-on-year, sales rose by 3.6 percent in the second quarter on a comparable store basis, after posting an increase of only 0.9 percent in the first quarter. They went up by 4.8 percent to €867 million in reported terms, ...
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Article
Eyeglass lenses are a bright spot at Hoya
Eyeglass lenses were one of the few bright spots in the results reported by Hoya Corp. for the first quarter of its financial year, ended June 30. On a constant-currency basis, their sales grew overall in the mid-single digits from the corresponding period of a year ago, with increases of ...
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Article
Eyeglass lenses are a bright spot at Hoya
Eyeglass lenses were one of the few bright spots in the results reported by Hoya Corp. for the first quarter of its financial year, ended June 30. On a constant-currency basis, their sales grew overall in the mid-single digits from the corresponding period of a year ago, with increases of ...
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Article
Essilor’s external growth continues
The company signed ten new transactions in the first six months of 2016 that will generate extra revenues of about €100 million on an annualized basis. Others are in the pipeline after its more recent acquisition of US Optical, a wholesale optical laboratory based in New York with annual sales ...
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Article
Essilor’s external growth continues
The company signed ten new transactions in the first six months of 2016 that will generate extra revenues of about €100 million on an annualized basis. Others are in the pipeline after its more recent acquisition of US Optical, a wholesale optical laboratory based in New York with annual sales ...
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Article
Luxottica takes control of Oakley’s stores, sports wholesale
Luxottica said it has accelerated the second phase of Oaklay's integration. Now that Oakley's eyewear business is already part of its global wholesale operations, the group is going to directly manage the sports brand's sales into the sporting goods retail channel as well as its O stores.Oakley's headquarters in Foothill ...
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Article
Luxottica takes control of Oakley’s stores, sports wholesale
Luxottica said it has accelerated the second phase of Oaklay's integration. Now that Oakley's eyewear business is already part of its global wholesale operations, the group is going to directly manage the sports brand's sales into the sporting goods retail channel as well as its O stores.Oakley's headquarters in Foothill ...
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Article
MPG expands German production and Czech logistics
The Michael Pachleitner Group (MPG) has made a significant investment in the expansion and modernization of the Schulz Optical Factory, a lens production facility in Glücksburg, Germany, and work has now been completed. In 2015, the company invested €2.5 million in the expansion of the factory, and more recently, it ...
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Article
MPG expands German production and Czech logistics
The Michael Pachleitner Group (MPG) has made a significant investment in the expansion and modernization of the Schulz Optical Factory, a lens production facility in Glücksburg, Germany, and work has now been completed. In 2015, the company invested €2.5 million in the expansion of the factory, and more recently, it ...
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Article
A weaker quarter for Essilor
Essilor International has revised down its sales forecast for 2016, predicting growth of around 4.5 percent on a comparable basis, after reporting an increase of only 3.2 percent in the second quarter. However, the management reaffirmed its objective to accelerate organic growth, gradually reaching an average annual increase of 6 ...
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Article
A weaker quarter for Essilor
Essilor International has revised down its sales forecast for 2016, predicting growth of around 4.5 percent on a comparable basis, after reporting an increase of only 3.2 percent in the second quarter. However, the management reaffirmed its objective to accelerate organic growth, gradually reaching an average annual increase of 6 ...
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Article
Safilo is going through a re-engineering process
After the bloodletting at the tail-end of the Tabacchi family's stewardship, which practically led to the Safilo Group's financial demise, and its dramatic rescue thanks to the arrival in 2009 of a new major shareholder in the guise of the Hal investment group, the company is now doing the ground ...
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Article
Safilo is going through a re-engineering process
After the bloodletting at the tail-end of the Tabacchi family's stewardship, which practically led to the Safilo Group's financial demise, and its dramatic rescue thanks to the arrival in 2009 of a new major shareholder in the guise of the Hal investment group, the company is now doing the ground ...
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Article
GrandVision restructures in Italy
Aiming for the leadership on the Italian market, GrandVision is introducing its own banner in the country. Europe's largest optical retailing group opened for the first time last July 16 a store trading as GrandVision in the northern Italian town of Bolzano, with a big promotion. It is located very ...
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Article
GrandVision restructures in Italy
Aiming for the leadership on the Italian market, GrandVision is introducing its own banner in the country. Europe's largest optical retailing group opened for the first time last July 16 a store trading as GrandVision in the northern Italian town of Bolzano, with a big promotion. It is located very ...
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Article
Safilo posts strong growth
The Safilo Group came out with surprisingly strong sales growth in the second quarter for its so-called going-forward brands, which excludes Gucci and other brands that have been stopped or will be discontinued. Their lines raised their revenues by 9.0 percent at constant currency rates during the period. In the ...
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Article
Safilo posts strong growth
The Safilo Group came out with surprisingly strong sales growth in the second quarter for its so-called going-forward brands, which excludes Gucci and other brands that have been stopped or will be discontinued. Their lines raised their revenues by 9.0 percent at constant currency rates during the period. In the ...
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Article
De Rigo acquires REM, grows by 7%
De Rigo Vision announced on June 14 an agreement for the takeover of REM Eyewear and all its operations. The terms were not disclosed. With this acquisition, the Italian company expands its brand portfolio and boosts its presence in the important U.S. market. Its total annual sales will grow to ...
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Article
Alain Afflelou expands widely
Alain Afflelou, which claims to be the world's largest franchisor of optical retail stores with the exception of Specsavers, which follows a different joint venture model, is moving swiftly with the acquisition of a discount-oriented Spanish franchising group, Optimil, and the opening of its first franchised stores in China and ...
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Article
SWV sees frames faring better than lenses in Europe
Sales of prescription frames are expected to undergo overall a compound average annual growth rate (CAGR) in value of 1.7 percent in the five major European countries during the 2015-20 period, according to Strategy With Vision (SWV), the international consultancy run by Mark Mackenzie. This compares with a CAGR of ...
