Latest Headlines – Page 111
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GfK estimates European growth of 0.2% in 2013
Sales of ophthalmic optic products rose by 0.2 percent in 2013 to €15.2 billion in France, Germany, Italy and Spain, according to the research group. The amount is based on retail prices, including value-added tax and discounts.France represented 37.0 percent of the combined four-nation optics market, Germany 33.0 percent, Italy ...
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Fielmann’s market share goes up
Fielmann sold last year 3.5 percent more glasses, or 7.3 million pairs, although the rest of the German optical market probably fell by 3 percent. The total market was more or less flat. The company's consolidated revenues for the year went up to €1.16 billion from €1.11 billion in 2012, ...
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The global eyewear market should grow by 30% in 5 years
The annual volume of the global eyewear market is expected to grow by about 30 percent in the next five years from about 900 million frames currently to 1.2 billion frames, roughly divided between developed and emerging markets, according to data released by Luxottica based on Euromonitor and its own ...
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Luxottica sees 15-25% annual sales increase in emerging markets
Luxottica expects its sales to increase by an annual average rate of 15-25 percent over the next three years in emerging markets, where its operating margins are seen improving by about 5.0 percentage points over the period. The number of company-owned stores in these markets should rise to about 2,000 ...
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Luxottica sees 2014 sales up by a high single digit
Luxottica expects 2014 sales to grow at a high single-digit rate at constant currencies, with operating and net income increasing at double the pace of the top line. The group is expected to continue reducing its gearing, which, barring any significant acquisition, will see net debt representing 0.75 times gross ...
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Europe could surprise again in 2014
Luxottica anticipates that its wholesale revenues will rise this year in constant currencies by between 7 and 9 percent in North America, by 4-6 percent in Western Europe and by 16-20 percent in emerging markets. The company's chief executive, Andrea Guerra, stressed that Western Europe “could be another surprise” this ...
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Essilor’s earnings grow by 1.5%
The stock-market value of Essilor International declined by 3.2 percent after the group reported yesterday an increase in net earnings of 1.6 percent to €593 million in 2013 on 1.5 percent higher revenues of €5,065 million. Earnings per share rose by only 0.6 percent but went up by 3.5 percent ...
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Sunwear and emerging markets to lift Essilor’s growth
Essilor International is targeting a sales increase of between 10 and 12 percent this year and a higher operating margin of between 18.2 percent and 18.6 percent, excluding the impact of its just-announced acquisition of Coastal Contacts (see the next article in this issue), which will probably dilute its profitability. ...
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Essilor will buy Coastal
Essilor International says it is becoming the world's largest internet retailer in the ophthalmic optics sector with the acquisition of Coastal Contacts. The French company announced yesterday that it has entered into a binding agreement to acquire all of the outstanding common shares of the Vancouver-based digital retailer of eyeglasses ...
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GetLenses acquires Vision Direct
GetLenses, which claims to have become the largest supplier of contact lenses in the U.K. in a very short time, has announced the acquisition of an older Dutch e-tailer, Vision Direct, which sells contact lenses as well as prescription glasses in various parts of Europe through the Vision Direct and ...
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Marcolin signs licensing deals with Zegna
Marcolin Group and Ermenegildo Zegna Group have signed a licensing agreement with exclusive rights for the worldwide production and distribution of sunglasses and eyeglasses for the Ermenegildo Zegna and Agnona brands. The deal has a 10-year duration and the launch of the first collections is expected for January 2015.De Rigo ...
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Italy’s export growth offsets a domestic slump
Italy's domestic eyewear sales have fallen for the fifth year in succession, while export markets are continuing to grow, confirming the positive results for the 2010-2012 period that followed on from the slump of the previous two years.In 2013 the turnover of the Italian eyewear industry grew by 4.3 percent, ...
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Oxo Italia invests in marketing
Oxo Italia, a consortium of 16 regional cooperatives of optical retailers in Italy, has created a marketing and communications division headed up by Daniela Poletti, who was marketing manager for CooperVision Italia for the past 11 years.With 400 affiliated outlets in Italy, Oxo offers similar services to those proposed by ...
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Rodenstock’s sales exceed expectations in Germany
The Rodenstock Group saw sales increase by 4 percent, or 5 percent at constant exchange rates, to €401 million in the last financial year. Operating income before amortization (Ebtda) grew by 23 percent to €75 million, generating an Ebtda margin of 19 percent against 16 percent in the previous year.The ...
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Adlens and Mondottica stop their joint venture
Adlens and Mondottica have put an end to their joint venture, which they had formed at the end of 2012 to help Adlens cover mostly Europe and Turkey. The reasons for the split are not quite clear, but it seems that the product ranges offered by the two companies were ...
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Wooden frames that bend
WooDone, a young Italian brand of handmade eyewear carved from single pieces of wood, is introducing the first wooden prescription frames that can be adjusted to the wearer's head without breaking. The innovation will be shown at the company's stand in Hall 24 at the Mido fair starting tomorrow.After months ...
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Ocuco buys EMRlogic
Ocuco has acquired EMRlogic, the Vancouver-based supplier of the ODPro Practice Management System (PMS) and the activEHR certified Electronic Health Record (EHR) software system. Ocuco, with headquarters near Dublin, is the global software company behind the Acuitas PMS and the Innovations Lab Management System (LMS).Troubled by financial problems, EMRlogic had ...
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Seiko gets several patent claims confirmed
The US Patent and Trademark Office (USPTO) has confirmed 20 Seiko Epson patent claims covering the invention of back-surface progressive lenses. The office has also ruled that six additional claims submitted by Seiko were patentable.On May 21, 2013, Ocuco had submitted a request for a re-examination of Seiko's U.S. patent ...
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U.S. optical business rating increases
The overall rating of the U.S. optical business environment was 3.70 in January, up from 3.65 in December, according to the Optical Business Barometer (OBB) compiled by Jobson Optical Research. The rating has however declined as compared to January 2013, when it was 3.84, or to January 2012, when the ...
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Luxottica grows by 3.2%, aims for €10 billion in three years
Andrea Guerra, chief executive of Luxottica, believes that the company can reach annual sales of €10 billion in three years' time as the group continues to expand organically and through acquisitions. The group is investing significantly on Brazil, Mexico, Turkey, India and China. These are all countries that offer exceptional ...
