All Article articles – Page 99
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Sunglass Hut to nearly double growth pace in 2015
Sunglass Hut, Luxottica's global sunglass retail chain, is expected to raise its comparable sales by 12-14 percent this year compared with 7.4 percent in 2014, company officials said. The banner's overall sales rose by 13.5 percent last year, the fifth year of double-digit growth in a row. The chain opened ...
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Safilo’s sales are accelerating
Safilo posted a 5.1 percent increase in its revenues to €1,179 million in 2014, accelerating in the fourth quarter with an increase of 11.2 percent to €311.2 million, partly thanks to the weakening of the euro against the dollar. At constant currency rates, revenues were up by 5.1 percent in ...
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Vuarnet invests in the U.S. again
Vuarnet has set up a sales office near New York City for the U.S. market, where it sunglasses had reached impressive sales volumes after a major campaign during the Los Angeles Olympic Games in 1984. The office is run by Lucio Lozza, a veteran of the Italian eyewear industry who ...
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Givenchy license to offset loss of minor Kering brands for Safilo
Safilo announced that it has grabbed the Givenchy license from De Rigo, adding that the deal will more than compensate for the loss this year of the licenses on three brands whose eyewear is being taken in-house by their owner, the French Kering group, after the end of June.In a ...
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Safilo to grow faster than the market, driven by house brands
Safilo wants to raise its annual turnover by about 40 percent to a level of between €1.6 billion and €1.7 billion by 2020, compared with the revenues of €1,179 million posted in 2014, driven by a doubling in the sales of its proprietary brands. The increase in the top line ...
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Ørgreen joins forces with Claire Goldsmith in the U.S.
Ørgreen Optics and Claire Goldsmith Sunglasses are inviting their customers to a Danish-style party in New York next Saturday night, during the International Vision Expo show, to celebrate another major step in their alliance. They will be exhibiting together at the fair following the establishment of a joint U.S. sales ...
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Fielmann makes a retail test in Italy
Confirming a report in B2Eyes, a top executive of Fielmann says the German company is moving into the fragmented Italian market with a test store due to be opened during the month of June in Bolzano, taking the place of an old café on via Museo.The choice of the city ...
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A more profitable Salmoiraghi pushes franchising
After accumulating losses and debts year after year, Salmoiraghi & Viganò, Italy's largest optical retail chain, closed its fiscal year on Sept. 30, 2014 with profit of almost €200,000, a clear sign of a turnaround, even if the sum is still modest.It came after the appointment of a new chief ...
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Italy’s Vision Group strengthens franchising, too
It is just a year since an Italian equity fund, Arcadia, acquired 46 percent of the capital of Vision Group, an Italian optical buying group with some 1,500 retail members. Arcadia was set up by Guido Belli, one of the founders of Bridgepoint, an international investor with a strong presence ...
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Rodenstock is doing well on many fronts
Rodenstock is doing much better than five years ago, when its controlling shareholder, Bridgepoint Capital, installed a new chief executive, Oliver Kastalio, who has made many interesting initiatives. Sales and profits have increased every year since the appointment of this former manager of Procter & Gamble. The German company started ...
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A good Mido
The organizers of the Milan show report an increase of 8.7 percent in the number of visitors to its 45th edition, ended on March 2. They reached a record level of 49,000, and 56 percent of them came from outside Italy. Almost everybody registered for the show online before coming ...
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Spy makes some progress
Spy Inc. improved operating results and reduced its net losses in the financial year ended Dec. 31 as well as in the fourth quarter. The American company's revenues increased by 0.9 percent for the year to $38.1 million, but jumped by 13.2 percent to $9.8 million in the fourth quarter, ...
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100% Optical records a 25% increase in attendance
This year's edition of 100% Optical, which was held on Feb. 7-9 at ExCel in London, received more than 6,000 visitors, representing a 25 percent increase in attendance as compared to the 2014's inaugural event, according to Media 10 Limited, the event organizers.The lineup of optical brands included eyewear, lenses, ...
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Italy’s eyewear exports grow by 11.8%
2014 was a year of growth for the Italian eyewear industry, but only thanks to exports, which have leapt from 70 to 90 percent of the total production in the last few years. The industry's turnover grew last year by 9.4 percent to €3,171 million, with sales outside Italy rising ...
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Alcon posts 3 percent sales increase for 2014
Parent company Novartis reported a 3 percent increase for Alcon global sales last year to $10.83 billion. The increase was driven by the launch of key product including AirOptix Colors. Growth was also partly boosted by new contact lens products, which offset a drop in solutions sales. For the fourth ...
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Mister Spex posts 38% sales growth
Mister Spex saw sales jump to €65 million in 2014, as compared to €47 million in 2013. The online glasses and contact lens retailer, which has a strong presence in Germany and Austria, with 500 partners, said it aims to achieve an average double-digit growth for 2015.The company secured €32 ...
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GrandVision is worth around €5 billion
GrandVision closed today on Euronext at a price of €20.36 per share, after reaching a high of €20.50 and a low of €19.99 since it went public on Feb. 6. After announcing an indicative price range of between €17.50 and €21.50 a share for its planned public offering (IPO), the ...
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Hoya invests to accelerate growth in lenses
The revenues of Hoya Corporation's Health Care sub-segment, which covers essentially eyeglasses and contact lenses, grew by 21.2 percent to 58.3 billion yen (€434.7m-$488.4m) in the third quarter of its financial year, ended Dec. 31. They rose by 17.5 percent in terms of constant currencies, benefiting in part from the ...
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MyOptique makes an acquisiton in Mister Spex’ territory
MyOptique is to expand into Germany with the acquisition of Netzoptiker. The move follows MyOptique receiving a €20 million investment to bring its latest funding round to €43 million, mostly to be used for international expansion.MyOptique has already been selling glasses on the German market through local versions of its ...
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Actavis will become Allergan
Actavis, the supplier of generic and branded pharmaceuticals that agreed to acquire Allergan in November in a bid against Valeant Pharmaceuticals, will change its name to Allergan for its portfolio of branded products after the takeover is completed. It will keep the name Actavis for other products and for specific ...
