All Inspecs articles – Page 2
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ArticleInspecs sees FY results in line as acquisitions boost revenue
UK-based Inspecs Group said it expects annual results to be in line with forecasts, as sales rose despite Covid-19 restrictions. The company anticipates revenue of $241 million compared with $47.4 million a year earlier, with its Eschenbach acquisition delivering a positive performance. It added that current trading in its European ...
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ArticleTop 5 eyewear companies’ stock prices up 4.6 % in Q4
We are updating here our quarterly chart on the evolution of stock prices for the public companies in the eyewear market, including manufacturers, distributors or retailers of contact lenses, prescription lenses, eyeglasses and sunglasses. We are also publishing a ranking of these 22 companies based on their stock market value. ...
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News briefs
Inspecs buys Ego Eyewear
Following the recent aquisition of BoDe Design, Inspecs has announed it would also acquire Ego Eyewear, a Swedish company developing licensed eyewear for such fashion brands as Barbour, Liberty of London, Viktor & Rolf, Lyle & Scott, Henry Lloyd, Joseph, Ivana Helsinki, Valerie and Day. According to Inspecs’ CEO, Robin ...
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News briefs
Inspecs acquires BoDe Design
Inspecs, the U.K.-based eyewear and lenses company, has announced the acquisition of BoDe Design Vertriebs, a distributor of eyeglasses and sunglasses in the German speaking countries and the Netherlands. Founded in 1993, BoDe has been essentially distributing Inspecs’ portfolio brands such as Superdry, O’Neill or Botaniq, along with its house ...
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News briefs
Inspecs maintains full-year outlook but cautious on supply chain issues
UK eyewear maker and distributor Inspecs Group maintained its full-year outlook as the positive start to the half year continued into the third quarter. However, it remained cautious over global supply-chain issues currently hampering the global economy. Bath-based Inspecs said revenue in the nine months to September 30 came in ...
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ArticleEyewear industry stock prices up 3.5% in Q3
We are publishing here our quarterly update on the evolution in stock prices of public companies operating in our core eyewear market, including manufacturers, distributors or retailers of contact lenses, prescription lenses, eyeglasses and sunglasses. As shown in the chart below, the non-weighted average growth for the 22 companies included ...
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ArticleInspecs eyes new buys as H1 profits, revenue surge
British eyewear designer and lens manufacturer Inspecs is on the hunt for new acquisitions after a surge in interim revenue and core earnings driven by the first full contribution from its German Eschenbach division. Revenues soared to $125.7 million for the six months to June 30, up from $16.7m a ...
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Article
Inspecs reports 5 % hike in Q1 revenues
Eyewear designer Inspecs reported a rise in like-for-like first quarter revenues despite the Covid-19 pandemic’s impact on operations. The frame maker and distributor posted revenues of $67 million for the three months to March 31, up 5 percent on a comparable basis year on year, according to a company ...
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News briefs
INSPECS wins green award with O’Neill frame
INSPECS announced on April 15 that it has won an International Green Product Award 2021 in the sports category for one of its O’Neill products. The WOVE frame and its packaging are made from recycled, recyclable or biodegradable materials such as fishing nets, rubber tires, plastic bottles, ...
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News briefs
Inspecs releases a green line
Inspecs has launched a line of eyewear called Botaniq , with 48 SKUs in 16 styles. The name derives from the frames’ biodegradable materials, adopted in response to consumer demand. These include cork, bamboo, recycled stainless steel and a bio-based acetate called Natura , which abides by ISO14855 and ...
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ArticleU.K., EU trade heavily affected by Brexit, worse may be ahead
Brexit has complicated life for merchants in the European Union exporting to the U.K., which highlights new paperwork requirements, higher administrative costs, delivery delays and uncertainty about what the rules of the game are now that the U.K. is no longer a member of the single market since Jan. 1. ...
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News briefsInspecs’ 2020 sales fall to $46.2m
Inspecs ended 2020 with revenues of $46.2 million, down from $61.2 million a year earlier despite two acquisitions. The performance was in line with the company’s expectations in a year when the Covid-19 pandemic and Brexit affected demand. The British eyewear company bought the assets of The Norville ...
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News briefsSteve Tulba becomes managing director of Inspecs division
The British eyewear maker Inspecs Group has appointed Steve Tulba as managing director of the Inspecs division. Tulba has worked for 11 years with Inspecs in two stints. He started in 2003, initially as international business development manager, then as sales director and finally as president of Inspecs ...
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ArticleInspecs buys Eschenbach for €95 million
Inspecs is buying the German company Eschenbach Holding for €94.85 million (£84.7m), a move that will enable the British eyewear company to obtain greater scale and provide it with the opportunity to acquire bigger global licenses. Inspecs will also be able to utilize its manufacturing expertise in ...
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News briefsInspecs extends license agreement with O’Neill
Inspecs has agreed a new “long-term” license agreement with O’Neill , the international surf and snowwear brand. The companies have working together since 2013 and no further details on the length of the renewal were released. As part of O’Neill’s sustainability initiatives, Inspecs has recently created a frame ...
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News briefs
Inspecs names Nev Trotter general manager of Norville
Inspecs has appointed Nevil “Nev” Trotter as general manager of Norville , the British manufacturer of spectacle lenses it bought on July 14. Immediately after buying Norville, which was in administration, Inspecs started searching for a new general manager to run the business. Trotter joins Inspecs ...
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ArticleInspecs posts H1 loss but sees better second half
Inspecs swung to an interim loss in its first results as a public company, but forecast a better second half despite the impact of Covid-19. The British company, which joined the London Alternative Investment Market in February, reported a pretax loss of $8.3 million in the first six months ...
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ArticleInspecs takes over Norville’s manufacturing operations
(Update) Inspecs has bought the manufacturing operations of The Norville Group that was placed into administration after becoming insolvent. The assets were bought from the administrator, BDO LLP , for £2.4 million in cash (€2.6m-$3.0m). The acquisition includes £1.2 million (€1.3m-$1.5m) of freehold property for Norville’s Gloucester ...
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ArticleInspecs’ new Vietnamese factory attracts new clients
The Inspecs Group suffered delays in the extension of its Vietnamese factory as a result of the Covid-19 pandemic. But the project is nearing completion and production in the new section is scheduled to start towards the end of the second quarter. In the meantime, the company is shipping ...
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