Latest Headlines – Page 121
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The U.S. market is softening
Hurricane Sandy dealt a major blow to the optical retail market along the East Coast of the U.S. earlier this month, leading to shipment delays and store shutdowns. However, numerous suppliers of products and services for the industry launched rescue efforts on behalf of the affected populations.VSP and One Sight ...
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A look at Silmo’s visitor count
As previously reported, the total number of visitors at the recent Silmo show in Paris remained relatively stable. It actually recorded a small positive 0.1 percent change to 34,696 people. A detailed chart supplied to us by the organizers of the fair reveals some interesting evolutions from one country to ...
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Opti launches an Italian Pavilion
The presence of a collective Italian Pavilion will be one of the novelties of the Opti fair in Munich next Jan. 25-27. Organized by Sipao, the association of eyewear manufacturers in the industrial cluster of Belluno, it will host a dozen firms including Demenego, G.B. and the Lastes group. Most ...
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The battle of the British fairs goes on
As the date of The Eye Show in London approaches, the organizers of this new fair and of its competitor in Birmingham, Optrafair, are sending out more and more press releases to announce the advancement of their preparatory work.The Eye Show said that Tom Davies, one of the most respected ...
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Private equity firm takes over Marcolin
A Paris-based private equity firm, PAI Partners, has reached an agreement with Marcolin's main shareholders to take over the company and try to delist it. PAI has agreed to buy 78.39 percent of Marcolin's capital from the Marcolin family; the Della Valle brothers, Diego and Andrea; and the businessman Antonio ...
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Marchon buys Scandinavian Eyewear
Scandinavian Eyewear is a market leader in the Nordic European countries. Its acquisition by Marchon Eyewear – at an undisclosed price – will allow the American company to consolidated its penetration of the Scandinavian with its own collections. It will also provide Scandinavian Eyewear with an extensive international sales network ...
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Luxottica sees improvement in southern Europe
Luxottica said that the situation in southern European markets has been improving, enabling it to book a sales increase of 9 percent in the third quarter for the whole of Western Europe.In a conference call, Luxottica's chief executive, Andrea Guerra, said that European markets are still progressing at different speeds, ...
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Both Hal and Luxottica are seemingly interested in Salmoiraghi
Luxottica is sending contradictory messages regarding its supposed interest in Salmoiraghi & Viganò, Italy's largest eyewear retailer with more than 500 stores and an estimated market share of 9 percent. The chain is currently owned by Dino Tabacchi, brother of the former main shareholder and president of Safilo, and by ...
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Essilor posts quarterly organic growth of 4.0%
Reporting a strong 18.2 percent increase in sales to €1,228.6 million for the third quarter and an even stronger 21.3 percent increase to €3,759.1 million for the first nine months of this year, Hubert Sagnières, chairman and chief executive of Essilor International, predicted that the company would be able to ...
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Essilor makes more acquisitions
Since the beginning of this year, Essilor has formed 22 partnerships with independent laboratories and similar players around the world. These so-called “bolt-on acquisitions” will generate extra annual revenues of about €94 million in the company's books.These acquisitions have allowed the French company to enter four emerging markets – Kenya, ...
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Menrad goes direct in Poland and Turkey
Ferdinand Menrad has taken over the distribution of its products in Poland and Turkey, adding to its numerous subsidiaries and joint ventures around the world. In another interesting initiative intended to maximize the revenues of its French subsidiary, the German eyewear producer has started to offer the Superdry line licensed ...
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Adlens forms joint venture with Mondottica on variable focus
At the recent Silmo show in Paris, Adlens announced a joint venture with Mondottica, based in Hong Kong, to distribute its variable-focus glasses in Europe and Turkey. The chief executives of Adlens and Mondottica, respectively Michael C. Ferrara and Bernard Nuesser, have signed a memorandum of understanding to set up ...
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Half of farsighted people don’t wear glasses, to preserve their image
Farsighted people hate glasses. Beyond a certain age, almost all French people admit to being farsighted, but just under half of them prefer not to wear glasses so as to preserve the image of eternal youth. This is the finding of a survey run by the Opinion Way Institute for ...
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Italian exports up by 5.6%, domestic sales off by 8% in first half 2012
Italian exports grew in the first half of 2012, except in Europe, and domestic sales were substantially down, though they account for only 20 percent of the total, saving the Italian eyewear industry from more severe damage in the current crisis. This is the overall message from the data communicated ...
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ESA’s merger into The Vision Council may spur collaboration with Eurom 1
Confirming our report on the eve of Silmo, the European Sunglass Association (ESA) and The Vision Council of the U.S. announced their partnership on the first day of the Paris fair on Oct. 4, but they emphasized that they still want to cooperate with Eurom 1, the organization that indirectly ...
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Contact lens penetration is low in Europe
According to the data discussed at the second European Contact Lens Forum (ECLF) in Amsterdam on Oct. 17, the penetration of contact lenses is still relatively low in Europe compared with other regions.While contact lens penetration stands at 15 percent in North America, driven mainly by the U.S., and 22 ...
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OBB points to slight decrease among independents
The Optical Business Barometer put out by Jobson Optical Research shows that the overall rating for business attitudes among independents stood at 3.6 in September, compared with a 3.7 rating for the months of June, July and August. The September ratings for 2011 and 2010 stood at 3.5 and 3.3, ...
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Stable traffic at Silmo
At 34,696, the total number of visitors at the four-day trade show in Paris was almost the same as one year ago, but the number of French visitors increased and represented 45.2 percent of the total attendance, up from 44 percent last year. The score was relatively good considering transportation ...
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…and the other winners are…
At the opening night of the renowned French eyewear show on Oct. 4, this year's Silmo d'Or award winners were presented by Stella Cadente, this year's grand jury president. The awards ceremony was held at the Cité du Cinéma, a film studio created by the French film producer Luc Besson. ...
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A Silmo d’Or for linen glasses
After innovating with its carbon frames, an Italian eyewear manufacturer, Custom 6, has come up with frames made of linen fabric, which won it a Silmo d'Or award for technological innovation in frames through its international sales agent, Di Esse.A natural, transparent polymer is used to stick the strips of ...
