All Article articles – Page 94
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Italy’s eyewear exports rise by 14.5%
Italy's exports of frames, sunglasses and contact lenses grew by 14.5 percent in value in the first half of 2015, reaching a total of €1,872 billion, but with a staggering contrast between two major markets– exports to the U.S. were up by 31.9 percent while exports to Russia fell by ...
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Optiswiss changes ownership
A few months ago, Carl Zeiss Vision quietly sold its majority stake in Optiswiss, a leading Swiss supplier of ophthalmic lenses that exports more than 70 percent of its production. The company's control is now shared between Optiswiss' long-time chief executive, Denis-André Zaugg, other members of the management and an ...
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Essilor grows faster
The momentum in Essilor International's growth continued in the second quarter ended June 30 with an increase in consolidated revenues of 4.8 percent on a comparable basis, up from increases of 4.0 percent in the first quarter and 4.4 percent in the second one. A positive currency effect of 8.0 ...
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Essilor launches Kolor Up
Essilor Sun Solution, the new dedicated division of the Essilor International group for plano sun lenses, has introduced a new technology, Kolor Up, that augments the perception of colors and improves the visual experience. Much like other ingredient brands in other sectors, such as Gore-Tex or Intel, it's also a ...
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Good growth in Europe
The market for prescription frames, sunglasses, spectacle lenses, contact lenses and lens-care products grew by 4.9 percent to €8.1 billion in four major European countries – France, Germany, Italy and Spain – during the first half of this year, according to GfK's retail panels. The growth in the six-month period ...
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Hoya expands in three markets
The top management of the Japanese group has already indicated its intention to “aggressively” expand its Life Care business, which includes its Hoya Vision Care business unit for ophthalmic lens. In line with this plan, it has announced the acquisition of two optical laboratories in Switzerland and the U.S. and ...
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A good Silmo
The organizers of Silmo have reported a 2.8 percent increase to 34,250 professional visitors attending the international eyewear show in Paris last month. There were only 0.2 percent more visitors from France, but attendance from the rest of the world increased by 4.9 percent, representing 57 percent of the total ...
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GrandVision moves into the U.S.
GrandVision is making its first foray into the big U.S. optical retail market with an agreement to acquire For Eyes Optical, a company that owns 116 stores located for the most part in large metropolitan areas such as those of Chicago, Philadelphia and Washington, DC.Founded in 1972 and based in ...
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The Marcolin Group grows strongly
After recording an increase of about 5 percent in 2014, the Marcolin Group saw its sales accelerate this year thanks to organic growth, the addition of new collections, the previously reported establishment of new joint ventures in Russia and China and the strengthened sales network.The management declines to provide specific ...
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OMO study shows interesting trends
The second edition of the Optical Monitor (OMO), the new consumer research project commissioned to GfK by the Mido and Silmo shows, indicated a positive development for sunglasses in Europe during the first half of 2015. An estimated 56 percent of the adult population in five major countries owned at ...
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Vedovotto under investigation
According to Reuters and various reports in the Italian press, Roberto Vedovotto, who left as chief executive of Safilo Group in November 2013, is under investigation on suspicion of insider trading. The Italian manager sold 80 million shares that he had received as stock options from Safilo on May 27, ...
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Mykita targets MVO launch next spring
Mykita, the German company that showcased its sophisticated customization process at last month's Silmo show in Paris, is working hard to offer this service to consumers by next spring, probably starting with one of its own stores in Berlin, where its head office and factory are located.As reported in our ...
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Safilo opens a subsidiary in Turkey
Safilo has opened a wholly-owned subsidiary in Turkey, which is going to be the company's hub for its new Central Eastern European Division. Ciler Yildiz has been appointed as commercial head of the new division. Ms. Yildiz, who was previously the chief executive of Clear Channel Turkey, has also joined ...
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The U.S. optical market grows by 6.1%
After launching a European version of its VisionWatch study of the U.S. optical retail market for its members, The Vision Council has announced the release of a similar study of the Canadian market. The first VisionWatch Canada study was presented to the members of the U.S.-based association in Toronto last ...
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Allison to leave Padua, placing 100 jobs at risk
As previously reported, Allison is restructuring its operations, a process that will involve the closure of its prestigious headquarters near the city of Padua, in the Veneto region, and going back to its roots in Volta Mantovana, 20 kms from Lake Garda in Italy's Lombardy district. This is where the ...
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GrandVision reports 21.6% higher profits
GrandVision has reported increases of 16.9 percent in revenues and 23.2 percent in earnings per share for the first half ended June 30. Sales increased to €1,611 million, with growth of 15.5 percent in local currencies and 5.2 percent on a comparable, same-store basis across the group. Net earnings advanced ...
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Driven by 3D-printed glasses, Italia Inde-pendent grows by 35%
Italia Independent has signed a multi-year contract with Menrad, the German company known also as Menrad the Vision, to represent it as an agent in Germany and Austria. The collaboration, which will also cover the Adidas Originals line, will reinforce the company's position in Europe, where it already sells in ...
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Italy's Netcity group grows to 820 members
Founded in 1990 by its current chairman, Roberto Marlazzi, this Italian buying group based in Tuscany has recently seen its membership soar. As from this year, Netcity has two former Essilor managers at the helm. The chief executive, Laurent Schmitt, a Frenchman who was most recently the strategic vice president ...
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Think About Your Eyes focuses on children
Separate research studies from Think About Your Eyes and the American Optometric Association show that 89 percent of parents in the U.S. incorrectly consider vision screenings such as those offered in schools and at pediatricians' offices, as an effective way to detect vision issues in infants and children. This adds ...
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Fielmann accelerates in the second quarter
Fielmann reached solid growth on a same-store basis of 4 percent in the first six months of this year, with an acceleration to 6 percent in the second quarter. Company officials attribute this to demographic developments, the ongoing upgrading to progressive lenses and the strength of the German economy. Total ...
