All Article articles – Page 88
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Brexit divides the industry and people
While the dust was settling on the startling vote that the British people cast against remaining in the European Union on June 24, several decision-makers in the eyewear sector responded to our invitation to outline the effects that it may have on their businesses.In general, they indicated that Brexit will ...
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Essilor launches the See Change Challenge competition
Essilor is launching a competition to facilitate access to low-cost vision care in underserved areas. The initiative, which is named See Change Challenge, is aimed at optometrists, start-ups, app developers, engineers, universities, vision scientists, and any other individual or organization with an interest in developing innovative refraction solutions that can ...
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CVI upgrades its guidance
CooperVision (CVI) continued to grow faster than the global soft contact lens market in the first three months of this year, with sales rising by 9 percent in constant dollars in a market that grew by 3 percent to $1.77 billion, according to the management's estimates and independent market research.Sales ...
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National Sunglasses Day wins widespread industry support
The call to celebrate National Sunglasses Day, championed by the Vision Council in the U.S., received widespread support from global eyewear and eyecare companies in the country. Held annually on June 27, National Sunglasses Day aims to raise awareness of the importance of ultraviolet-protective eyewear to protect long-term eye health. Major ...
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EYElliance and World Economic Forum pinpoint eyeglasses as a development tool
If the 2.5 billion people in the world suffering from poor vision but lacking access to the solution were given eyeglasses, the returns in educational and economic terms would be huge. This is what suggests a recent report by the World Economic Forum and EYElliance titled “Eyeglasses for Global Development: ...
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Glasses help find smartphones
A French start-up, Code ADN, is putting out a funny and captivating video about its latest functional product release. Called Find Me, it's an application that allows the wearer of one of its iHuman glasses to locate his smartphone, and vice versa. The new application was first launched in the ...
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Mykita opens new stores and gets ready for MVO launch
Mykita says it will open its first Scandinavian store on a franchise basis in Copenhagen in July, although the official opening will take place at the beginning of September. The franchise partner is one of the German eyewear manufacturer's best clients in the region.Another store, owned and managed by Mykita, ...
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Italia Independent seeks refinancing
The Italia Independent Group has announced its intention to conduct a capital increase before the end of 2016 and to launch a program intended to cut costs and to regain sales momentum, after a poor first quarter, possibly with the help of “strategic partners” who can accelerate its implementation.The company ...
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New name and new management for ProDesign
ProDesign International, the Danish company that two years ago took over two French brands of designer eyeglasses, Face à Face and Woow brands, has renamed itself as the Design Eyewear Group, establishing a clear segmentation of its various product lines and a new, integrated management structure, in order to set ...
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GrandVision’s comparable growth drops to 0.9%
The biggest European optical retailing group reported last Friday a 2.5 percent increase in its revenues to €803 million for the first quarter ended 2016. Sales increased by 4.9 percent in local currencies, with acquisitions contributing 3.2 percentage points.On a comparable store basis, GrandVision's organic growth for the period amounted ...
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Safilo’s Q1 is hit by Gucci’s loss, supply issues
Safilo released disappointing first-quarter results, with the top line affected by a decline in sales of Gucci eyewear sales and supply problems at the company's Italian plants.Following a change in financial disclosure rules for public companies in Italy, Safilo released a simplified version of its first-quarter performance that showed a ...
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Luxottica’s Q1 sales soft, guidance is unchanged
Luxottica posted soft revenue growth in the first quarter. But the results were in line with market expectations and the company reiterated its full-year guidance of a 5-6 percent boost in the top line growth, predicting a significant improvement in its sales performance in the second half of the year.The ...
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France’s Aoyama Optical sells 3D frames
Philippe Beuscart, the former country manager of Aoyama Optical who took over the French operation from its former Japanese parent company four years ago, has started selling a relatively affordable line of prescription frames, called We ddd and has signed global licensing agreements with two French apparel brands, Olivier Lapidus and ...
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Luxottica puts acquisitions aside
Luxottica reiterated that it continues to monitor possible acquisitions. Massimo Vian, the group's chief executive, said that the focus is on opportunities to bolster the distribution network. He added that there are no talks regarding possible tie-ups with Essilor or Zeiss.Separately, the group's chairman, Leonardo Del Vecchio, noted that Luxottica ...
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Allergan posts strong sales growth
Allergan has reported revenues from continuing operations up by 48 percent to $3.8 billion for the quarter ended March 31, 2016, as compared to the first quarter of 2015. The strong performance was primarily driven by global sales of branded products and sales of top global products within the U.S. ...
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Anfao and EU fund training in Veneto’s eyewear district
Italy's association of eyewear manufacturers, Anfao, signed a two-year agreement with the Veneto region on May 5 to organize about 1,000 hours of courses for people employed or due to be employed in the eyewear sector, partly financed by public authorities.Those who are already employed in the sector, who operate ...
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The U.S. Optical Barometer moves to quarterly releases
The latest Optical Business Barometer (OBB) report from Jobson Optical Research, a survey designed to gauge business attitudes among independent eyecare professionals (ECPs) in the U.S., is now issued quarterly instead of monthly. Data are still collected each month, but then they are aggregated and analyzed on a quarterly basis. ...
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Brando Eyewear hires industry experts
Michael Jardine, founder and “chief dreamer” of Brando Eyewear, has a knack for attracting experienced professionals, the same as with Brando's parent company, Mondottica International, which he continues to steer separately as its chairman.Julian Clarke has been appointed global commercial director of Brando Eyewear. The U.K.-based industry veteran was previously ...
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Fedon, business down with the major eyewear producers
Giorgio Fedon & Figli, the world's leading producer of eyewear cases, quoted on stock exchanges in Italy and France, recorded sales of €17.2 million in the first quarter 2016, down by 5.5 percent year-on-year. That means a shortfall of a million euros in revenues due to a 10.3 percent drop ...
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Modo’s Eco eyewear made of castor oil resin
Modo Eyewear, a company based in New York with an office in Milan for the European, Asian and Middle Eastern markets, is enjoying strong growth. Declining to disclose the overall figures, managers of the company tell us that its sales grew last year by 22 percent in the U.S. and ...
