All Article articles – Page 95
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MyOptique makes two acquisitions
MyOptique has taken over the second-largest German online retailer, Business 4Care, which sells prescription frames, sunglasses and contact lenses through its website, Lensbest.de, and has a wholesale operation that sells Lennox eyewear and its own Acumed and Lenscare brands of contact lenses, solutions, readers, sunglasses and other products. In parallel, ...
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Safilo adds two licenses in two segments
The Safilo Group has announced an interesting new global eyewear licensing agreement with the Brazilian Alpargatas group for its well-known Havaianas brand of rubber sandals. It will run until 2021, with an option for renewal by mutual consent. The first collection will be sold in the second half of 2016.Pointing ...
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Italia Independent signs Adidas Originals contract
Italia Independent has signed a four-year contract to develop, produce and distribute the Adidas Originals line of eyewear. It had already partnered with Adidas Original on a successful capsule collection inspired by Adidas' Superstar sneaker, which came on the market a few months ago. The new styles will come out ...
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Brando Eyewear gets involved with more designers
Michael Jardine, the chairman of Mondottica, is making new investments in the expanding eyewear designer space through a 100 percent owned subsidiary, Brando Eyewear. This company holds the eyewear license for Yohji Yamamoto, the legendary Japanese fashion designer, and Mondottica presented the first collection named after him at the Silmo ...
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Spy's CEO resigns over lower sales
Michael Marckx resigned as chief executive of Spy Inc., the California-based brand of action sports-inspired sunglasses, following the release of poor sales and profits for the first half of this year. He is also leaving the company's board of directors, but after the termination of his employment on Dec. 15, ...
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Mykita launches digitally customized glasses
The German company is setting a higher standard in the individualization process for eyewear with the launch at the Silmo show in Paris tomorrow of a new concept, My Very Own (MVO). It combines three digital technologies – 3D scanning, parametric design and additive manufacturing - to create glasses where ...
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Outperforming the market, CVI settles with J&J
In reporting on its financial results for its third quarter ended July 31, Cooper Companies, parent company of CooperVision (CVI) announced a settlement was reached with Johnson & Johnson in July. It made a one-time payment of a lump sum of $17.0 million to settle existing patent disputes and agreed ...
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Vision Direct moves into France
Vision Direct, the UK-based online retailer of contact lenses, has taken a further step in its European expansion by acquiring a small French contact lens e-tailer, Visiooptik.fr, and migrated its website to the VisionDirect.fr domain. Existing Visiooptik customers can log into VisionDirect.fr with their account and purchase products as before. ...
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Luxottica will use green energy from forests
By the end of 2015, Luxottica plans to produce its Made in Italy eyewear in its plant at Agordo using “clean energy.” Through a joint project conducted with the Italian state-owned power company, Enel Energia, the group will be in a position to satisfy almost 100 percent of its energy ...
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Fedon starts selling sunglasses outside its shops
At this year's Mido show in Milan, Fedon launched a new line of sun eyewear for sale at its own leathergoods stores. From this September, this line is also being made available to third-party optical retail stores in Italy and France.Besides this diversification, the world's leading producer of eyewear cases ...
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Nau! opens shop in India
The Italian chain of franchised optical stores opened on July 22 its first Indian sales outlet in the MGF Metropolitan Mall on the outskirts of New Delhi. This follows on from the chain's first venture onto the international market with an opening in Spain in May.A number of other new ...
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Is Mister Spex on the verge of a sale?
In the next three months, the shareholders of Mister Spex may decide to start cashing out of their investment in the large German-based optical e-tailer by floating it on the stock exchange or by selling a majority of the shares to an institutional investor. That's what Dirk Graber, president of ...
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Growth of 9.1% for Specsavers
Specsavers achieved a new milestone in the past financial year through February, breaking the threshold of £2 billion (€2.9bn-$3.1bn) in annual sales. Working through its 1,767 partner stores and hearing centers around the world at the end of the year, it increased group turnover by 9.1 percent to a new ...
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Luxottica axes 400 jobs at Foothill Ranch
Luxottica is dismissing 400 employees at Oakley's headquarters at Foothill Ranch, California, as part of its plans to integrate the brand. From Oct. 1, the North American structure of the brand, including information technology, administration, sales and order management will be transferred to Luxottica, mainly to the wholesale unit in ...
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Safilo's underlying sales accelerate
Safilo reported that its underlying sales, excluding the big Gucci license and those for other brands owned by Kering, rose by 4.5 percent on a currency-neutral basis in the second quarter, outpacing the first quarter performance and lifting growth in the first half to 4.0 percent. The group lost the ...
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Alain Afflelou acquires Optical Discount
Alain Afflelou has announced the acquisition of Optical Discount. Following this transaction, the French eyewear retailer will operate through two distinct banners – Alain Afflelou, its “premium” banner, and Optical Discount, its low-cost banner. The retailer was already active in the low-cost segment through its Claro by Afflelou banner, a ...
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Hilco Vision acquires two German companies
Hilco Vision has announced the acquisitions of two German-based companies, Breitfeld & Schliekert and Lexxoo International. The financial details were not disclosed. These transactions represent the first add-on acquisitions for Hilco Vision since May 2014, when it was acquired by Blue Point Capital Partners, a private equity firm.Hilco Vision, based ...
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Another record quarter for Luxottica
Boosted by the strength of the U.S. dollar, Luxottica announced a 19.3 percent increase in revenues to €2,457 million in the second quarter, beating the previous quarterly record set three months earlier. At constant currency rates, the top line grew by 4.9 percent.Adjusted revenues grew at an even faster rate ...
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U.S. optical barometer shows a slight drop
The Optical Business barometer (OBB), a monthly survey designed to gauge business attitudes among independent eye care professionals in the U.S., stood at 3.81 for May 2015, as compared to an April 2015 rating of 3.83. However, it showed an increase when compared to a May 2014 rating of 3.73, ...
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Revo partners with Bono
Revo, the American brand of sunglasses, is launching a program aimed at collecting $10 million to improve access to eye screening and vision correction for more than five million people in disadvantaged communities around the world. For every pair purchased by consumers, it will donate $10 to the Brien Holden ...
