All Article articles – Page 92
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GrandVision up 4.1% on a comparable basis
The GrandVision optical retail group's sales increased by 4.1 percent on a comparable basis in 2015, marginally below the 4.3 percent growth rate recorded in the previous year.Comparable sales growth, which is based on constant currencies and comes before the addition of new stores, slowed down considerably in the fourth ...
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German eyewear industry establishes export record in 2015
The German ophthalmic optic industry improved its turnover by 3 percent in 2015, reaching a level of €4.25 billion, according to Spectaris, the national trade association of the industry. Sales grew by 2.9 percent to €2.16 billion in Germany and by 3.1 percent to €2.09 billion in other countries.Supplying the ...
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Growing Opti to add two new halls from 2019
The Opti show, which took place in Munich on Jan. 15-17, welcomed a total of 576 exhibitors from 37 countries on an exhibition space of over 40,000 square meters. More than 27,500 visitors came to the show, or 8 percent more than a year ago, and they came from 81 ...
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Luxottica’s Q4 sales grow by 7.9%, missing expectations
Luxottica posted a 7.9 percent increase in sales to €2,015 million in the fourth quarter, missing market expectations of €2,130 million. At constant currency rates, the top line grew by 2.0 percent. Adjusted revenues grew by 8.9 percent in euros and by 2.7 percent on a currency-neutral basis, reaching €2,059 million. ...
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Salmoiraghi gets a €70 million loan to grow its store network
The Salmoiraghi & Viganò Group has decided on a development program for the next seven years that will extend the chain beyond the 450 outlets it comprised after the restructuring operation that took place three years ago. To achieve this, the leading Italian optical retail company has obtained a financing ...
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Public actions to support Italy’s eyewear and fashion industries abroad
A total of 170 foreign buyers and 35 journalists were invited last year to attend the Mido trade show in Milan, thanks to a new export promotion program funded by the Italian government. The experience will be repeated at the next Mido show being held on the last three days ...
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Essilor pursues its acquisition strategy
Essilor International has announced the signing of nine new external growth transactions that represent combined annual revenues of around €60 million. These acquisitions have been described by the global opthalmic optics company as being in line with its strategy of balanced growth, evenly spread across developed and fast-growing markets, with ...
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New CEO for Alcon after disappointing results
Novartis has appointed Mike Ball as division head and chief executive officer of Alcon, effective Feb. 1, as part of its plan to strengthen the under-performing division. He succeeds Jeff George, who has decided to leave Novartis. Ball will also be a member of Novartis' executive committee. He joins Novartis ...
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U.S. Optical Barometer points upwards
The Optical Business barometer (OBB), a monthly survey designed to gauge business attitudes among independent eyecare professionals in the U.S., stood at 3.93 for December 2015, as compared to a November 2015 rating of 3.80. The December rating was the highest overall optical monthly rating of 2015, and was slightly ...
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TD Tom Davies extends its customization offer
TD Tom Davies launched a new service called Made to Order, or MTO, at this year's Opti show in Munich. The service will make it faster and easier for opticians to order frames in any color and size. The customization service costs only €7 more than the purchase of a ...
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New product entries for smart glasses
Zeiss entered the growing arena of “smart glass” solutions at the big Consumer Electronics Show (CES) held on Jan. 6-9 in Las Vegas with a new optical system that allows eyewear producers to develop data glasses that look like fashionable everyday glasses. Discussions have already started with potential partners, company ...
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Hoya reports mixed quarterly results
Hoya Corp. said Friday that its sales of eyeglass lenses in overseas markets increased in terms of local currencies during the third quarter of its financial year, ended on Dec. 31, as a result of policies aimed at developing new customers and entering new markets. However, because of the decline ...
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Luxottica undergoes a new management shake-up
After nearly 13 months in the job, one of Luxottica's two co-chief executives, Adil Mehboob-Khan, has left the company with immediate effect and a €6.8 million handshake. He will also receive €200,000 to waive any claims against the company as well as his 2015 bonus and ordinary severance payments linked ...
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Mykita opens new stores
Mykita will launch an online store for sunglasses in the U.S. at the end of January. The company's first online shop was introduced in Germany at the end of 2013. Sunglasses designed by Mykita and in collaboration with fashion designers like Damir Doma can be ordered in the U.S. from ...
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Allison becomes AVM 1959, with less staff
Allison has a new name - AVM 1959 - and a new black and white logo. The acronym stands for Allison Volta Mantovana, which refers to the small city near Mantua, in the region of Lombardy, to which the company has returned from the city of Padua in the Veneto ...
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Higher sales and profits for Zeiss in vision care
Carl Zeiss has reported a turnover of €1,007 million in the combined Vision Care and Consumer Optics segments for the financial year ended Sept. 30, adding that it grew by 7 percent from €946 million in the prior year. It also said that the business unit made a considerable contribution ...
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Higher sales and margins for Italian eyewear companies
A study of 11 Italian eyewear companies of various sizes conducted by a Milan-based management consultant, Pambianco Strategie di Impresa, shows that their combined operating earnings before amortization (Ebitda) rose to a relatively high level of 18 percent in 2014 from 17 percent in the previous year. Their combined sales ...
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Italia Independent will float higher under Elkann’s control
The Italia Independent Group has announced that it will apply in 2016 for listing on the Mercato Telematico Azionario (MTA), a higher counter of the Italian Borsa (stock exchange). Since July 2013, the company has been quoted on AIM, the alternative investment counter of the Italian stock exchange for small ...
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A tough quarter for CVI
CooperVision had to face strong competition in the U.S. in October from Johnson & Johnson, which accompanied the release of a new one-day silicon hydrogel contact lens, Oasis, with aggressive discounts that flooded the market. Still, CVI managed to raise its total sales of silicon hydrogel lenses by 16 percent ...
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A reorganized pq Eyewear sees new horizons
Working through a new organizational structure established a year ago, pq Eyewear has started to market its original glasses on a wider scale, while preparing a bold new move into mass customization that should be implemented in the course of 2016, in partnership with selected distribution partners around the world.Designed by ...
