All Article articles – Page 89
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Management changes at Luxottica
Luxottica is considering a simplification of its corporate structure in regional markets as well as an evolution in marketing to put more emphasis on digital communication. Meawnhile, Luxottica has reorganized its retail division by appointing Nicola Brandolese sole manager for both the sunglass and optical retail businesses. Previously, he was ...
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Vision charities work together
Optometry Giving Sight is farming out its fund-raising activities in the U.K. to Vision Aid Overseas, a UK-based international vision care charity, founded in 1985, which has already helped more than one million patients in emerging countries. The two charities have been working together since last year.Under the new structure, ...
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The latest data for contact lenses in Europe
In 2015, sales of soft contact lenses (SCLs) to eye care professionals (ECP) across 33 European countries grew by 4.45 percent to €1,619 million, according to the most recent census released by Euromcontact, the short name for the European Federation of National Associations and International Companies of Contact Lens and ...
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Mondottica takes control in the U.S.
Mondottica International announced on May 9 that it has merged with Mondottica USA, changing its top management. In the merger, Harvey Ross has reduced its large majority stake to a minority share and Mondottica International has raised its small minority stake to majority control through an equity increase.Mondottica USA was ...
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Safilo reacts to criticism
Safilo's 2015 financial report and its remuneration policy were rejected at the company's annual meeting earlier this month by some minority shareholders, including the founding Tabacchi family, the asset management unit of an Italian insurance giant, Generali, and some investment funds. However, the company obtained the support of its main ...
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More financial problems in the French eyewear industry
Logo Eyewear, a major French eyewear company that has the license for Fred and Tag Heuer eyewear and many new projects with brands such as Rossignol, Leica and McLaren (see EWI Vol. 17 N° 3 of Feb. 26, 2016), is said to have run into financial problems. Officials of the ...
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A strong yen stifles Hoya’s performance
Without giving specific figures, Hoya Corp. said its revenues from eyeglass lenses declined in terms of yen during the fourth quarter of its financial year, ended March 31, due to the strength of the yen against the U.S. dollar, the euro and the Thai baht during the period. In local ...
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Italia Independent, trouble at the top
One of the Italian eyewear industry's major success stories, Italia Independent, has just lost a managing director, co-founder and member of the board, Giovanni Accongiagioco. After spending four years as brand promotion manager of Fiat, he joined Lapo Elkann, brother of Fiat's current president, John Elkann, for the launch of ...
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Shamir launches a smarter mirror
Shamir had already created some excitement at the Vision Expo East fair in New York two years ago with the release of a tablet, called Spark, that allows the optician to measure electronically the customer's inter-pupillary distance and other parameters to fit a new pair of prescription lenses.At last month's ...
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Nicola Zotta will run Marchon
VSP Global has announced the retirement of Claudio Gottardi as president of Marchon Eyewear and the appointment of another Italian executive, Nicola Zotta, as his successor. The transition had been under preparation for more than a year, but had been kept under wraps.Gottardi, who has spent nearly 30 years in ...
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Rising numbers for Vision Ottica
Italy's Vision Group, which has 1,300 retail members with 1,700 outlets, has announced a 30 percent increase in the number of shops affiliated with its more closely integrated Vision Ottica network of franchised stores in the first quarter of 2016. Out of the 57 new stores that have joined the ...
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Lenses drive Essilor’s strong growth in Q1
Essilor International has announced consolidated revenues for the first quarter of €1,784 million, up by 7.5 percent from the first quarter of 2015. On a currency-neutral basis, sales rose by 9.4 percent, above the guidance given by the management for the full financial year. On a comparable basis, sales went ...
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J&J posts marginal rise in Q1 sales
For the first quarter of 2016 ended on March 31, Johnson & Johnson recorded sales of $17.5 billion, up 0.6 percent as compared to the first quarter of the previous year. Excluding acquisitions, divestitures and sales of drugs related to hepatitis C, worldwide sales rose by 6.9 percent on an ...
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VSP Global invests $2 million in Vizzario
VSP Global Partners has made a $2 million investment in Vizzario, a California-based technology startup, to develop eye care technologies that can track visual acuity, eye strain, traumatic brain injury and sports vision performance.Founded in 2014, Vizzario is an eye care technology company that analyzes data generated from smart devices, ...
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Zeiss Vision Care grows by 8%, driven by DriveSafe
The Carl Zeiss Group published results for the first half of its financial year, ended March 31, that show an 8 percent increase in revenues to €530 million for its Vision Care & Consumer Optics segment. The company attributed this progress in particular to product launches in the fields of ...
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Essilor acquires Opti-Port in the U.S.
Making a further move in its partial verticalization strategy, Essilor has announced the acquisition of Opti-Port, a joint service platform, founded in 2001 and based in St. Louis, Missouri, whose 33 members operate about 400 different practices in the U.S. It supports its members with joint purchasing, web technology, training, ...
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New CEO for Silhouette
Jan Rosenberg has been appointed as the new chief executive of Silhouette International, taking the place of David Rogger after two years in service. He will work together with Thomas Windischbauer, chief operating officer and chief financial officer of the big Austrian-based company founded and still 100 percent owned by ...
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Marcolin grows by double digits
The Marcolin Group has reported a double-digit increase in sales last year. They reached €432 million, rising by 21 percent in euros and by 11 percent in constant currencies. The operating profit was in line with expectations, said the company, declining to add further details on the bottom line.Sales increases ...
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Rodenstock expands lens production
With the backing of its new shareholders, the Rodenstock Group has decided to invest €20 million in the expansion of its lens production facilities in 2016 and 2017, or about 50 percent more than normal, and to hire 500 more employees at its production sites around the world, in response ...
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No growth at Fielmann
Germany's leading optical retailer reported its first sales decline in about ten years for the quarter ended March 31. Fielmann's consolidated revenues for the period went down marginally by 0.2 percent to €322.2 million. They were off by less than one percent on a comparable store basis, a spokesman for ...
