Latest Headlines – Page 114
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Metzler gets a new lease on life
The business of Nigura Metzler Optics International, which filed for insolvency proceedings in the local court of Düsseldorf in September 2012, will not be continued in its former state. Jan Willem van der Brink, who had been running the company since June 2012 as chief executive, acquired all assets and brands in May 2013, ...
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A Chinese firm licenses Alessi eyewear
One of the novelties at the recent Silmo show in Paris was a rather interesting line of eyewear by Alessi, an Italian brand of high-end accessories for the kitchen and the home that is known for the creative design of its products. The brand has already been marketed on specific ...
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Strong growth for Costa
Sales grew by 26.3 percent to $24.6 million in the third quarter ended Sept. 28 at Costa Inc., the company that owns the Costa and Native brands of sunglasses. They rose by 24.1 percent for sunglasses and by 46.6 percent for the company's lines of accessories and apparel.Costa Inc. is ...
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Colmar and Italia Independent join forces
Italia Independent has launched a co-branding initiative with Colmar, an Italian sportswear brand. The two companies will showcase models specifically designed for their respective mono-brand stores – seven stores in Italy and two in South Korea for Colmar, and 40 shop-in-shop corners for Italia Independent, with another 22 in the ...
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New markets and brands for the Rem-Mondottica joint venture
REM Eyewear is expanding its collaboration with Mondottica U.K. on the distribution front. In 2011 the two companies set up a joint venture, Remdottica, to distribute the Converse eyewear collections in the U.K., Ireland, the Netherlands, France and Spain. Given the success of the operation, the two companies have decided ...
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Mykita sells online, launches shop-in-shop concept
Mykita, which has been selling glasses hand-made in Berlin since 2003, launched a new shop-in-shop concept, Mykita Furniture, at Silmo. The company had a separate stand at the trade show, held in Paris on Sept. 26-29, in order to present freestanding units that can be ordered by premium clients or ...
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Essilor loses market share, profit is still high
Essilor International achieved stronger growth in the second quarter ended June 30 than in the first one, and the company reached a record profit margin for the first half. However, the growth is expected to decelerate in the second half of the year because of the termination of contracts with ...
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Essilor sees stronger growth in the medium segment
In spite of its temporary slowdown, Essilor International is enjoying an acceleration in the medium segment of the ophthalmic market, which it says is growing faster than other segments because of growing demand in emerging markets.According to company officials, the overall market is rising at rates of only 1 to ...
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Essilor makes many new acquisitions
In the first half of 2013, Essilor acquired holdings in 15 different companies that generate annual sales of around €89 million. All expect three of these transactions were carried out in the faster-growing economies, and two of them allowed the group to enter the markets of Chile and Nepal.In Chile, ...
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Higher profits for HAL
In the first six months of 2013, the optical retail companies that belong to HAL Holding registered sales increases of 1.2 percent on a same-store basis and 2.2 percent including new stores but excluding acquisitions and the effect of changes in currency exchange rates.In absolute terms, their sales went up ...
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Fielmann reports further progress
While the rest of the optical retail sector in Germany suffered a 2 percent decline in the number of glasses sold during the first half of 2013, Fielmann managed to raise its unit sales by 2 percent to 3.52 million pairs. Including VAT, its external sales grew by 3.7 percent ...
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ATK buys Bushnell
Confirming an earlier report about its interest in the company, Alliant Techsystems (ATK), an American conglomerate that is thought to be the world's largest producer of ammunition for various types of weapons, has signed a definitive agreement to acquire Bushnell Group Holdings, the American supplier of performance eyewear, which has been ...
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New MD and many new lines for Mondottica
Mondottica International has announced licensing agreements in the last few days for several interesting new eyewear collections. Added to the numerous other lines in its portfolio, they should help this relatively young company, based in Hong Kong, to raise its turnover by around 30 percent next year.One of the new ...
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The Kirks have new plans, after a change of control
Jason Kirk and his wife Karen have decided to launch a new line of glasses, called Kirk & Kirk, and filed a legal suit against Kirk Originals, the company that they had founded 22 years ago. The couple resigned from the management of the company on June 28, nearly one ...
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Coastal is selling more glasses, online and offline
Coastal Contacts is developing an international network of physical stores after experimenting with temporary kiosks in shopping centers and more permanent stores operated by its LensWay subsidiary in Sweden over the past eight years. The big Canadian-based online retailer, which has been diversifying its offer from contact lenses to corrective ...
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CooperVision gains further market share in an accelerating market
CooperVision continued to outperform the global soft contact lens market in the third quarter of its financial year, ended on July 31. Its sales grew by 5 percent to $330.5 million during the period, as compared to the same quarter of 2012, with a 9 percent increase in terms of ...
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U.S. optical business rating rises in August, after July decline
The latest Optical Business Barometer (OBB) rose to 3.72 for August 2013. This compares to a July rating of 3.63, when it had registered a slight decline from a 3.69 rating in June. The barometer, which is compiled by Jobson Optical Research, is a monthly index that measures independent eyecare ...
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Randazzo outlines its environmental savings
The Randazzo Group, an Italian optical retail group with 189 stores trading under the Optissimo and Corner Optique banners, has been experimenting in the past three years with a green business project – called “Zero Impact” – intended to provide significant savings in energy consumption and waste treatment. It has ...
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Zeal Optics releases the world’s greenest sunglasses
Zeal Optics, an American company known for its environmental-friendly sunglasses, has announced the release of the world's first biodegradable sunglasses. Called Ace, the range has been developed over the past two years in collaboration with Mazzucchelli, a leading Italian supplier of eyewear components, from cotton grown in the U.S. The ...
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Essilor creates new unit to improve access to vision correction in emerging countries
Essilor International is launching “2.5 New Vision Generation,” a new division dedicated to facilitating access to vision correction in emerging countries. The move is part of the company's overall social business strategy to bring good vision in these countries.According to the French group, 2.5 billion people worldwide need vision correction, ...
