Latest Headlines – Page 103
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Essilor grows faster, earns more
A further sequential sales increase in the fourth quarter of 2014, up by 4.7 percent on a comparable basis from the year-ago period, led Essilor International to post a 3.7 percent increase for the full financial year. In reported terms, including the effect of exchange rates and acquisitions, sales rose ...
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Essilor creates program to fight poor vision
Essilor has announced the creation of Vision For Life, a new charitable program to improve people's sight, for which the group said it has committed €30 million. According to the company, it is the largest global strategic giving program dedicated to eliminating uncorrected refractive error.Vision For Life will fund various ...
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An interesting training program by Zeiss
Carl Zeiss Vision has launched an interesting training program in Italy's main cities with Ottici Associati, an 20-year-old service network. Starting with a session in Genoa in January, Zeiss' marketing team has been making its know-how available to the 400-odd opticians affiliated with the Italian group in an original way, ...
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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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Possible recovery in the Japanese market
With most of its indicators pointing downwards, the Japanese economy is going through a challenging period. However, after hitting a low in 2010, the Japanese eyewear market appears to be showing some small signs of recovery. In spite of lingering difficult conditions in certain segments of the market, there are ...
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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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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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New partnership structure at Mykita
All of Mykita's partners, at their own request and except for Moritz Krueger, the original co-founder, have withdrawn their partnership, effective Feb. 17. The new partners are now Moritz Krueger and Bernd Beetz.Krueger, who has been Mykita's chief executive and creative director since the foundation of the company, will maintain ...
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Fabris Lane licenses Oliver Goldsmith and other optical lines
Fabris Lane, the biggest British specialist in medium-priced sunglasses, is making a big step into premium prescription frames through a five-year agreement with Oliver Goldsmith. Together, they have developed a first line of spectacles, called Photograph, inspired by an old family photo album put together by his grandfather, the late ...
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Big growth for Pamaor
Pramaor, the italian producer of Blackfin titanium frames based in the Cadore region, closed 2014 with sales of €4.9 million, up by 48 percent year-on-year. Orders went up significantly, too, by 62 percent. Exports – representing 71 percent of total sales - were the leading factor, up by 56 percent ...
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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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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 ...
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Rodenstock to return in the U.S.
Rodenstock will be reintroduced to the U.S. market by Egma Lens Factory in mid-2015. Egma, an optical distributor and lens manufacturer in the Middle East and North Africa region, has established a new laboratory and distribution center in Dallas, which features a state-of-the-art 15,000-square-foot optical laboratory to manufacture the full ...
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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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GrandVision wants to grow by 5% a year or more after it goes public
Confirming its intention to go public, GrandVision BV published some new and interesting figures, leading analysts to estimate that it may be worth about €5.8 billion when it starts trading on Euronext Amsterdam. They feel that this may happen in February or March, without waiting for the release of its ...
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Luxottica benefits from exchange rates
In fourth quarter of 2014, Luxottica's revenues started to significantly benefit again from foreign exchange movements thanks to the depreciation of the euro against other currencies, especially the U.S. dollar. The revenues reported earlier this week by the group for the quarter showed a big increase of 13.4 percent in ...
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Will Essilor buy Safilo?
It's the latest speculation. It has been formulated as a possibility by Exane BNP Paribas, and it could make some sense after the recently reported failure of merger discussions between Essilor International and the Luxottica Group. The two eyewear industry giants have been very respectful of each other until now, ...
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Special lenses from Essilor
Essilor has started to offer some powerful new ophthalmic lenses for the European market from a new Special Lens Laboratory in France. Most of the lenses are made for short-sighted people who have diopters ranging from about -16 to -40 and for hypermetropes with diopters of +8 to +30, but ...
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Optic 2000 gets fined for fraud
A French court issued a fine of €29.5 million on Dec. 22 against Gadol Optic 2000, accusing it of unfair competition by its affiliated members. The big French optical retail group appealed immediately, criticizing the principle and the amount of the fine. As the fine has to be paid right ...
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Goldman Sachs invests in Mister Spex
Goldman Sachs has acquired a stake of just under 20 percent in Mister Spex, the German-based online eyewear retailer, which is apparently considering entering a new country this year. Denying a report that Goldman Sachs is paying €32 million for this financial stake, Dirk Graber, the 37-year-old founder and chief ...
