All Article articles – Page 96
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Luxottica boosts its distribution capacity
Oddly, the strong increase in demand for Luxottica's eyewear is not putting pressure on its manufacturing capacity but on the logistics. According to Massimo Vian, the group's joint chief executive in charge of product and operations, productivity gains are enabling the company to gain physical space in its existing production ...
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Marcolin boosts Italian production
Marcolin has officially opened a new manufacturing facility at Fortogna, raising the local staff by 30 people to 143 in a first stage, with 40 more to follow later on. The expansion of the facility, which Marcolin acquired from Marchon last October, will allow the company to double its in-house ...
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Brien Holden is dead
Brien Holden suddenly passed away on July 27 of a heart attack. He was 73. Professor Holden was a pioneer of treating global refractive error and an internationally renowned and awarded scientist. He was the chief executive of the famous Brien Holden Vision Institute and a professor at the School ...
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Essilor buys Vision Source
Vision Source, the largest alliance of independent eyecare professionals in North America, has agreed to be acquired by Essilor of America, a division of Essilor International. Founded in 1991, this buying group currently has around 4,000 members. Jobson ranks it as the second-largest player in the U.S. market in terms ...
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New leadership for Carl Zeiss Vision
The Carl Zeiss group has made several changes to the top management of its Vision Care business group, which has turned around under the helm of Raymund Heinen, making again a profit. Heinen, who has been with the group for the last eight years, and Ulrich Krauss, who has worked ...
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Luxottica hires Stefano Volpetti as chief marketing officer
Luxottica has appointed Stefano Volpetti as chief marketing officer, replacing Fabio D'Angelantonio. Volpetti was previously vice president and general manager of Procter & Gamble's beauty care division. Luxottica's new joint chief executive in charge of markets, Adil Mehboob-Khan, was also a senior executive at Procter & Gamble, in charge of ...
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Opal gets control of Demetz
Opal has acquired a 60 percent stake in the capital of Demetz, the French sports eyewear specialist, for an undisclosed amount, with plans to acquire an additional 20 percent in four years and the remaining 20 percent by 2020. Gilles Demetz will remain chief executive until all his shares are sold.Based ...
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De Rigo licenses Nina Ricci and Trussardi
After reorganizing the distribution in the U.S. and China, and after boosting its design, product development and marketing departments, De Rigo Vision has added two important fashion brands to its portfolio of licenses - Nina Ricci and Trussardi - that should make up for the loss of the Givenchy license ...
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Good progress at Essilor
Essilor International's total revenues went up by 22.6 percent to €3,408 million in the first half of this year, and the “contribution from operations” grew at an even faster rate of 24 percent, raising the operating margin to 19.1 percent from 18.9 percent a year ago, thanks in part to ...
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Hoya reports good growth in eyeglass lenses
The quarterly report of Hoya Corp. indicates that its eyeglass business expanded in the first three months of its current financial year, ended on June 30, but all the growth took place outside Japan. This eyeglass business is on a declining trend in Japan, the company said, due to the ...
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Luxottica harmonizes prices worldwide
In a move already made by Louis Vuitton and some other fashion houses, Luxottica has decided to harmonize its prices globally, aligning them with those charged in Europe. China, and to the a lesser extent the U.S., will be the markets most affected by this program, as they will see ...
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Safilo may relocate its U.S. head office
The group is studying the transfer of its North American head office from Parsippany, New Jersey, to a site closer to New York City, partly in order to attract new talent more easily.The announced shuttering of Safilo's North American headquarters and distribution center in Parsippany will start in earnest in ...
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Mondottica teams up with Zoobug
Mondottica has announced a strategic partnership with Zoobug London, the highly creative British children's eyewear specialist, by setting up a dedicated international children's eyewear division. Run by Julie Diem Le, who founded Zoobug in 2006, it will allow Mondottica to expand its fast-growing portfolio of children's lines, which currently comprises ...
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GrandVision grew strongly in Q1
GrandVision, which went public late last year, reported strong organic growth of 7.1 percent for the first quarter ended March 31, with a 5.5 percent increase in comparable store sales. Adding the effect of acquisitions, such as the previously reported takeover of Angelo Randazzo in Italy, total revenues grew by ...
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Optic 2000 reacts to new French pricing rules
Starting on April 1, the governmental social security system and the mutual insurance funds in France are contributing less than before to the purchase of a pair of glasses. Consumers can claim reimbursement within certain new price limits for the frame and the lenses, making a distinction between single-vision lenses ...
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Mazzucchelli clocks up 4%-plus growth
Mazzucchelli remains the world's leading supplier of acetate to the eyewear sector. Apart from La-Es, which has a different system of production, the competition is very fragmented, consisting mainly of relatively small Chinese firms. But Mazzucchelli's managing director, Giampietro Pedrazzini, admits that some of them are starting to grow and ...
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Krys wants to grow in France and abroad
The acceleration of Krys' international expansion is one of the strategic objectives laid out by the Krys Group at a recent press conference. It plans to open about 30 new stores by 2017 in Belgium, Morocco and Poland, where the Krys banner already has a presenceThe French optical retail group, ...
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Afflelou acquires a stake in Optivisao
Alain Afflelou has announced the acquisition of a 25 percent stake in the capital of Optivisao, the largest optical retailer in Portugal by the number of stores. Founded in 1986, Optivisao controls more than 15 percent of the Portuguese market, where it has more than 250 shops. The French optical ...
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Shamir adjusts its European management structure
Shamir announced a few days ago a realignment of responsibilities at the European level, in order to support plans for strong growth over the next few years. In particular, Catherine Johnston-Roussillon has been promoted to the role of European manager, with effect from July 1. She will continue to be ...
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Fedon turns around on strong sales
From January to March 2015 the Fedon group's turnover topped €18 million, up 28.8 percent over the same period last year, and up 13.8 percent at constant exchange rates. The extra €4 million in turnover had a positive effect on margins. Rising by 57.1 percent from the year-ago period, operating ...
