All Article articles – Page 97
-
Article
The British Contact Lens Association names new president and council members
The British Contact Lens Association (BCLA) welcomed Brian Tompkins as its new president, and Keith Tempany as president-elect. Susan Bowers, the outgoing president, presented Tompkins with the Presidential Chain of Office at the association's awards dinner, which was held in Liverpool on May 30.Also at the dinner, Tony Martin received ...
-
Article
Bausch+Lomb back in the eyewear market with Rédélé
Rédélé, a start-up in the Belluno district of Italy, has won the licenses for two renowned brands, Bausch+Lomb and Stefanel. The former is the American giant famous for lenses, contact lenses and ophthalmological equipment, which made a return to the market for eyewear frames with a line presented at the ...
-
Article
Ron Blum is launching new wearable devices
Photo-Eyewear, an American development company focusing on electronic wearable devices, has changed its name to PogoTec and announced the establishment of three business divisions, two of which are planned to commercialize new eyewear-related products soon. Based in Roanoke, Virginia, the company is run by Ron Blum, described as a visionary ...
-
Article
Vista builds for expansion
Vista Outdoor, the owner of the Bushnell, Bollé and Cébé brands, is preparing to move to a new corporate head office at Station Park in Farmington City, Utah. Construction on the facility is to start this summer and is expected to be completed toward the middle of next year.Formed earlier ...
-
Article
Glassing, an Italian start-up that can’t be missed
Visitors to the last Mido trade show in Milan could not avoid being impressed by the vision of a big white speedboat in one of the halls. It is used by a fast-growing Italian start-up, Glassing, whose products can be found at luxury stores like Excelsior and La Rinascente in ...
-
Article
VSP Global will have a new president and CEO
Jim McGrann has been appointed president and chief executive of VSP Global, the U.S.-based parent company of Marchon Eyewear with effect from Oct. 1, after the retirement of Rob Lynch, who has served as CEO since 2006. McGrann was also recently appointed chairman of the board at the National Association ...
-
Article
The latest numbers on contact lens sales in Europe
In 2014, sales of soft contact lenses (SCLs) to eye care professionals (ECP) across 33 European countries reached €1,482 million, marking a 3.3 percent increase on the previous year, according to the most recent census released by Euromcontact, the short name for the European Federation of National Associations and International ...
-
Article
Two new plants for CooperVision
The American contact lens company is going to start up two new factories in the U.K. and Costa Rica in the next few quarters to cope with its strong growth, which continues to be higher than the overall market for soft contact lenses. The plant in Costa Rica will incorporate ...
-
Article
Leonardo Del Vecchio makes more gifts
Luxottica's founder and chairman, Leonardo Del Vecchio, celebrated his 80th birthday on May 22 with a gift worth around €9 million to his 8,000 employees in Italy. The company announced in a press release a grant of 140,000 free treasury shares of Luxottica to them as a sign of appreciation of ...
-
Article
New dual leadership for Mykita
Franz Koch, a former chief executive of Puma, is joining a much smaller company, Mykita, as managing partner, taking over many of responsibilities of Moritz Krueger, who founded the Germany designer eyewear company in 2003. They will both act as managing partners. Koch will handle B2B sales, production, finance, IT ...
-
Article
Rodenstock’s owners explore strategic options
Bridgepoint, which acquired Rodenstock in 2007 from Permira, has engaged Goldman Sachs to explore strategic options, but according to the German eyewear company, a formal sales process has not yet started.According to a report by Bloomberg that could not be confirmed, exploratory discussions have been held with Essilor and Hoya. ...
-
Article
Hoya Lens says it is outperforming the market
Sales of eyeglass lenses jumped by more than 20 percent for Hoya Corporation in the 4th quarter of its financial year, ended on March 31, but they would have risen by only between 5 and 6 percent in constant currencies and without the consolidation of Seiko Optical Products (SOP). Sales ...
-
Article
Salmoiraghi is back in profit
Salmoiraghi & Viganò, the large Italian optical retail group partly owned by Luxottica, closed the first half of its fiscal year on March 31 with a strong 114 percent increase in operating earnings before amortization (Ebitda) of €7.2 million. Net profit was back in the black at €0.6 million, compared ...
-
Article
New management for Vuarnet
Neo Investment Partners, the owner of Vuarnet Sunglasses that recently acquired the rights to the brand for all kinds of products, has appointed a new general manager for the operation, Lionel Giraud, to develop the brand across all sectors. Stefano Fabris, the former manager of Allison who was running the ...
-
Article
Luxottica posts strong sales and record earnings for Q1
In the first quarter, Luxottica booked a 19.9 percent increase in sales to €2,210 million, setting a new quarterly record. At constant currency rates, the top line grew by 5.3 percent. Excluding changes made in the reinsurance agreement of EyeMed, the group's U.S.-based vision insurance program, adjusted revenues grew by ...
-
Article
J&J’s vision care sales drop 17.1%
Johnson & Johnson has announced an overall sales decline of 4.1 percent to $17.4 billion for the first quarter of 2015 as compared to the first quarter a year ago, with currency exchange rates depressing the results by 7.2 percentage points. Sales rose by 5.9 percent in the U.S. but ...
-
Article
Bausch + Lomb’s parent grows by 16%, turns around
Valeant Pharmaceuticals, the company that bought Bausch + Lomb in August 2013, reported net income of $74.5 million for the first quarter ended March 31 against a loss of $20.3 million in the year-ago period. Total sales grew by 16 percent to $2,190 million, led by a 39 percent increase ...
-
Article
De Rigo grows by 2.8%
Sales grew by 2.8 percent in 2014 at De Rigo Vision, with house brands such as Police, Lozza and Sting growing by 3.8 percent. Two licenses, Chopard and Furla, made good progress as well. While boosting operations in the U.S. and China, the group is hiring 35 new people in ...
-
Article
Italia Independent grows by 32%
Revenues and profits were both up for Italia Independent in 2014. The group controlled by Lapo Elkann and quoted on the AIM Italia stock exchange, closed the year with turnover of €32.9 million, an increase of 32 percent over the previous year. The gross operating profit (Ebitda) was up by ...
-
Article
Luxottica gears up for new acquisitions, investments in retail
Luxottica is on the prowl again. After putting its acquisition campaign in standby mode following the management changes the company underwent in the second half of last year, the Italian group is ”scanning” the market and has started talks with potential targets, according to one of its top managers. The ...
