Latest Headlines – Page 101
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Customers expect more from their optician
Opticians are appreciated by more than 80 percent of European customers for their technical competences, but they don't seem to be as attentive and receptive to the clients' requests in Germany and the U.K. as compared to other major markets. Purchasing trends in these two countries tend to diverge from ...
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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 ...
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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 ...
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Luxottica integrates Oakley
Luxottica has started the integration of Oakley, the Californian brand that it bought in 2007, by merging its wholesale team into its own operations. The move, which we had already mentioned in our last issue, is the first of a “series of integration moves” scheduled in the coming weeks to ...
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A new and bigger board for Luxottica
The annual shareholders' meeting of Luxottica Group has elected a new board of directors, headed up by Leonardo Del Vecchio and composed of 14 members, to a three-year term, replacing the former nine-member board. A long-time executive of the group, Luigi Francavilla, was made deputy chairman.The new members include the ...
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Safilo’s quarterly sales lifted by a weak euro
Like many other European companies with big operations overseas, Safilo is benefiting from the weakening of the euro against the U.S. dollar. In the first quarter, the group's sales rose by 10.6 percent to €324.3 million. But at constant currency rates, the top line only rose by 0.8 percent, in ...
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Kering Eyewear will start up in July
The new company established by Kering to manage the eyewear lines of its 22 fashion, sports and lifestyle brands will make a start on July 1 with nine of them and with a team of experienced professionals, many of whom come from Safilo.Four of the nine Kering brands - Bottega ...
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A strong quarter for Essilor
The strength of the dollar helped to boost the reported revenues of Essilor International by 25.4 percent to €1,659 million in the first quarter. On a comparable basis, they went up by 4.0 percent, as changes in the scope of consolidation and currencies boosted the top line by 8.7 and ...
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Essilor buys Fabris Lane, boosting its sun activities further
Essilor has made two new important acquisitions during the first quarter in the U.K. and Turkey as part of its program to expand its growing sun segment. It signed an agreement to buy a majority stake in Merve, a Turkish producer based in Istanbul that owns two well-known local brands ...
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An integrated sun lens offer by Essilor
Essilor has set up a new business unit, Essilor Sun Solution, offering a vast range of plano and prescription sun lenses produced in partnership by BNL Eurolens and Intercast Europe. Both companies are leading players in the sun lens market that belong to the Essilor group.Presented at the recent Mido show ...
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Günther Fielmann delegates some responsibilities
Fielmann continued to make progress in the first quarter of 2015, raising its consolidated sales by 3.5 percent to €317.1 million from the relatively high level of the year-earlier period, with growth of 2.9 percent on a same-store basis. Net income increased by 6.0 percent to €44.5 million. The supervisory ...
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Eye Like works with Kirk & Kirk for its first private label line
Kirk & Kirk, the new company of Jason and Karen Kirk, has developed the first private label collection for Eye Like, an interesting “club” of trendy, independent opticians in France who have been working together more or less informally for 15 years.The basic and contemporary collection, which was launched a ...
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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 ...
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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 ...
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Spy improves results
The American company reported yesterday a 0.7 percent drop in revenues to $9,131,000 for the first quarter, with lower sales of sunglasses partially offset by higher sales of snow goggles and prescription frames. The management blamed the ongoing contraction of the action sports retail sector and added that the business ...
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Fedon resumes sales growth
Sales are growing again for Giorgio Fedon & Figli after their poor performance in recent years. Italy's leading producer of eyewear cases, which has been diversifying into leathergoods, closed its 2014 fiscal year with revenues up by 3.6 percent to €62.6 million.However, a look at the company's profitability tells another ...
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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 ...
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Mixed results for Alcon
Sales declined by 3 percent to $2.55 billion at Alcon, the subsidiary of Novartis that comprises Ciba Vision's former contact lens business. They grew by 5 percent on a currency-neutral basis, led by continued increases in surgical products and ophthalmic pharmaceuticalsAlcon's Vision Care Performance segment, which includes contact lenses and ...
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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 ...
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U.S. Optical Barometer increased in March, after a slight decline in February
The Optical Business Barometer (OBB), a monthly survey designed to gauge business attitudes among independent eye care professionals in the U.S., showed an increase in March 2015 to 3.84 from a February 2015 rating of 3.81. March ratings stood at 3.72 for 2014 and 3.84 for 2013. In February 2015, ...
