Latest Headlines – Page 113
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Alba launches collapsible eyewear
Remember Dominique Alba? After running Logo Eyewear and Alain Mikli, this French executive has decided to launch an innovative project in the area of eyewear. He has set up a company, Code ADN, that has created a new brand, I Human, with a unique selling proposition. Targeting mainly business executives, ...
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Essilor and FGX buy sunglass firms in China and Canada
Essilor International has acquired a 50 percent stake in Xiamen Yarui Optical Company, China's leading supplier of mid-range sunglasses. The company designs and manufactures non-prescription sunglasses that are sold in China under various brands, including Bolon and Molsion, two of the country's best known brands of sunglasses. In 2012, Xiamen ...
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Improving Spy has new ambitions in Europe
Spy hopes to generate a turnover of about €5 million in Europe next year, following the establishment of a rather comprehensive sales organization for the region over the past few months. For many years, Spy had a European sales office, located in the premises of its LEM laboratory in the ...
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Fleye flies through the Chinese market
In a span of a little more than one year, Fleye, one of the most recent and successful start-ups in Danish eyewear design, has become one of the leading designer brands in China, where it is now sold in more than 100 high-end optical stores in 22 different provinces.Many brands ...
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French legislators support online sales
The lower house of the French Parliament adopted yesterday two controversial amendments that will facilitate sales of eyeglasses over the internet. The amendments had been proposed by the French Socialist government, claiming that it will foster competition in the high-margin optical retail sector, helping consumers to save up to €1 ...
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Italian industry agrees new wages, eyes emerging markets
The minimum wage has increased by about 8 percent for the 16,200 people employed at the 880 companies operating in the Italian eyewear industry under a labor agreement signed by their trade association, Anfao, with the labor unions to cover the three-year period since last Jan. 1 and the end ...
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Luxottica pays a €33 million tax adjustment
Luxottica reached an agreement with Italian tax authorities on the treatment of transfer pricing, the method used to determine the pricing of intra-group transactions. It is going to result in extra charges of €33 million following a tax audit that concerned transactions related to the export of finished products from ...
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Italia Independent partners with Essilor
Italia Independent has an agreement since last March with Essilor Italia, which will supply its latest generation of ophthalmic lenses on an exclusive basis for the frames that the Italian company will sell its eight concept stores.All in Italy, these stores also sell other fashion products under the same brand ...
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Counterfeiting pursues its rapid path
In the past 17 years, up to 2011, the value of counterfeit goods worldwide has grown 20 times over. It has caused the loss of 270,000 jobs in the past 10 years, around125,000 of which were in the European Union alone. China is way ahead of all other countries in ...
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Marcolin acquires Viva, without Bortuzzo
Marcolin is moving into the third position in the global eyewear sector, behind Luxottica and Safilo, with its acquisition of Viva International for an undisclosed amount. An agreement in principle was announced a few days ago and should be completed by the beginning of December, after approval by regulatory authorities. ...
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GfK sees stability in Europe, with some variations
The eyewear market grew by only an estimated 0.7 percent to around €7.3 billion during the first half of 2013 in France, Germany, Italy and Spain, according to GfK, which commented on some of the market trends during the recent Silmo trade show in Paris. Retail sales rose by 2 ...
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Slowdown for Essilor
Essilor International reported a sales increase of only 0.7 percent to €1,237.3 million for the third quarter. The management gave several reasons for this unusual slowdown and predicted a recovery in the fourth quarter, with sales up by between 9 and 10 percent and further increases in 2014. For all ...
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Essilor invests in low vision
Essilor International has announced the acquisition of a majority interest in Technologies Humanware, a Canadian company that designs and distributes electronic assistive technologies for the visually impaired. Humanware, which is celebrating its 25th anniversary, offers a wide range of equipment that is marketed mainly in the networks of visual rehabilitation ...
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Hoya launches a new generation of progressives
Hoya Vision Care made a big splash during the Silmo show in Paris to present its new Hoyalux iD MyStyle V+ lens, describing it as the first individual progressive lens that differentiates the customization of the left and right lenses by taking into account binocular vision through a patented Binocular ...
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Luxottica improves in Europe, studies acquisitions
Luxottica's European business continued to perform very well in the third quarter, confirming the trend seen in the previous three months and surpassing the group's expectations. In a conference call with financial analysts last week, Andrea Guerra, chief executive of the group, expressed satisfaction about the group's overall results, pointing ...
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North American market seen rising to $44-47 billion by 2020
The North American eyewear market offers untapped growth opportunities as the consumption of these products is expected to rise to $44-47 billion at retail in 2020 from an estimated $35.5 billion currently, said Luxottica at an investors' conference, citing Vision Council and other industry data.The optical market should benefit from ...
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Luxottica plans to take Pearle Vision to new markets
According to the figures supplied by Luxottica at its recent investors' day, its Retail Optical North America (RONA) is the largest optical retailer in the North America by far, with sales of $5.3 billion per year. It is followed by Walmart Optical, which generates annual sales of over $1.4 billion ...
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SGH sees a huge potential in the Mediterranean
Sunglass Hut International continues to grow at a double-digit rate globally, with a high single-digit rate for same-store sales. In North America, however, the chain's comparable store sales are expected to rise by 6-7 percent this year, down from 10.2 percent in 2012. The U.S. represents about 75 percent of ...
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Italian eyewear exports rise by 5.4%
In the first half of 2013, international markets continued to support the Italian eyewear industry, in the midst of an extremely weak domestic market, like in the past five years. According to Anfao, the Italian optical industry association, the sector's total exports grew by 5.4 percent in value compared with ...
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Polaroid managers launch Swiss Eyewear Group
A group of five former key managers of Polaroid Eyewear have founded an interesting new company, Swiss Eyewear Group (International) AG, that is starting off with a staff of ten people and a line of affordable sunglasses with “ultra-polarized” lenses, branded as INVU (called “in view” and pronounced “I envy ...
