Latest Headlines – Page 100
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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 ...
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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. ...
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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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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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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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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 ...
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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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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 ...
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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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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
