Latest Headlines – Page 109
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Visibilia gets the Betty Barclay license
Visibilia GmbH of Germany signed a worldwide license agreement with Betty Barclay this spring. The license for Betty Barclay eyewear was previously held by Müller Marketing, but it has not been marketed for the last 18 months or so. The first collection of sunglasses under the Betty Barclay brand name ...
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The Sunoptic group launches the Montana Eyewear brand
The Sunoptic group, one of the world's largest suppliers for private label prescription frames, reading glasses and sunglasses, has come out with its own new label, Montana Eyewear, starting with a line of readers developed with the help of a Swiss designer. Named after the Swiss resort of Crans Montana, ...
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New regulations under the spotlight in Budapest
There is a chance that eyewear manufacturers will be able to put the same barcode on their products in the European Union and the U.S. to allow consumers to check their dependability and other characteristics.Addressing the second annual convention of the European Sunglass Committee of the Vision Council, held in ...
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The U.S. Optical Business Barometer fell slightly in April
The overall rating of the U.S. optical business environment showed a slight decrease in April, down to a rating of 3.70 as compared to a March rating of 3.72, according to the Optical Business Barometer (OBB) compiled by Jobson Optical Research. The rating improved, however, against an April 2013 rating ...
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Allergan seeks to fend off a takeover by Valeant
Valeant Pharmaceuticals, the Canadian company that took over Bausch & Lomb a year ago for $8.7 billion, has proposed to take over Allergan as well, at a price that would reportedly value the company at $45.6 billion. It's a very high price for Allergan, which made a net profit of ...
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A relatively good quarter for Essilor
Sales increased more than expected at Essilor International in the first quarter ended March 31. They rose by 3.6 percent to €1,322.6 million, but they were up by 8.4 percent excluding foreign exchange currency conversions. Changes in the scope of consolidation represented six full percentage points of growth, with Costa ...
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Essilor completes the acquisition of Coastal and Transitions
Essilor International and PPG Industries, which shared ownership of Transitions Optical, have made important management changes after the completion of Essilor's acquisition of the 51 percent stake it did not own in the company and of Intercast. The operations have been consolidated into Essilor's accounts as of April 1.Transitions and ...
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Luxottica’s first quarter was hit by unfavorable currency rates
Luxottica reported a 1.2 percent decline in first-quarter revenues to €1.842 billion due to unfavorable foreign exchange rates. At constant currency rates, sales were up by 4.2 percent. The company saw a decline, against the euro, in all five main currencies in which it trades, namely the U.S and Australian ...
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Michael Kors license may generate $100 million in annual revenues for Luxottica
Luxottica announced a new license agreement with Michael Kors Holdings, adding that it could generate more than $100 million in annual revenues in three years' time. Following the entry of the American fashion license in its portfolio, Luxottica will drop a secondary license with annual revenues of about €10 million. ...
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Google continues to test Google Glass
Google held a 24-hour general sale of Google Glass device in the U.S. last April 15, inviting U.S. residents to order them for $1,500 on the internet. The initiative was described as a temporary extension of its “explorer” program intended to test the public's reactions, which continues to be limited ...
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Improving Safilo repositions Carrera as a lifestyle brand
Safilo's new management has already announced that it will reposition Carrera, and the company unveiled the broad lines of the program for this house brand while commenting on its results for the first quarter of 2014. The company said that Carrera's prescription frames are enjoying an “excellent” reception by clients ...
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Hal will consolidate Safilo in its accounts
Even though the Dutch holding company Hal Holding NV does not have a majority stake in Safilo, IFRS accounting rules oblige it to consolidate the Italian company on a line-by-line basis as of Jan. 1, 2014. Hal, which currently owns 42.2 percent of Safilo, would thus benefit more directly from ...
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Marcolin's integration with Viva follows interesting criteria
Marcolin is following a matrix management system and best-practice criteria for the integration of Viva International, the big American company that it purchased late last December. The integration process is still ongoing, but Giovanni Zoppas, the chief executive of the group, and other executives of the company agreed to share ...
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Italia Independent went up by 59% in 2013
Italia Independent is gaining strength with an aggressive sales strategy that is also giving results on the financial markets. Its growth in the fourth quarter of last year was on a par with the fast development of the previous quarters. Turnover reached €24.9 million for the entire financial year in ...
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A good quarter for Fielmann
Germany's largest optical retailer improved its sales by 9 percent on a same-store basis in its domestic market during the first quarter ended March 31. Its sales in the country moved up to €256.9 million from €231.2 million in the same period a year ago, and they resulted in an ...
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Fielmann has some new projects
The company is anticipating a doubling in its revenues from contact lenses and accessories in the coming years. Marc Fielmann, son of the group's founder and chief executive, Günther Fielmann, is leading a project to develop online sales of contact lenses in Germany at some future date, similar to an ...
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Some new figures from Germany
At its annual press conference, German opticians' association, ZVA, estimated that the German optical retail market increased againt to a total turnover of €5,438 million in 2013, but cautioned that the rise was mainly due to increased online sales. A total of about 500,000 eyeglasses were sold over the internet last year. ...
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Clearlab wants to establish its own brand in Europe
Clearlab, the Singapore-based supplier of contact lenses, is determined to establish its own brand in Europe now that it can offer the first biocompatible silicon hydrogel lenses in the market, after seven years of research and development. The new product line is due to be followed in the last quarter ...
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Modest growth and new head for Alcon
Alcon Vision Care's sales rose by 5 percent in local currencies in the first quarter, but translated into U.S. dollars, they grew by 4 percent to $626 million, driven by “robust” sales of Dailies Total1 and other contact lenses, says its parent company, Novartis. The AirOptix brand saw moderate growth ...
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The latest numbers on contact lens sales in Europe
In 2013, sales of contact lens sales to eye care professionals (ECP) across a combined 33 European countries reached €1,468, marking a 3.6 percent rise 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 ...
