Latest Headlines – Page 122
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ESA will work with The Vision Council
The European Sunglass Association (ESA) is expected to publicly announce at the Silmo show in Paris tomorrow a joint operating agreement with The Vision Council, the big American optical industry organization, previously called Vision Council of America, that annexed the former Sunglass Association of America at the beginning of 2008.ESA ...
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Luxottica wants to produce 100 million frames by 2015
Luxottica plans to invest €200 million over the next three years to increase manufacturing capacity in Italy, China, the U.S., Brazil and India to boost annual production to 100 million frames in 2015 from nearly 65 million in 2011.The investments also includes IT upgrades and other enhancements to reduce lead ...
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Luxottica’s founder fails to sell a 7% stake
Leonardo Del Vecchio, the founder, chairman and main shareholder of Luxottica, failed in his attempt to take advantage of 10-year highs in the company's share price to sell a 7 percent stake in the group.On Sept. 5, Del Vecchio's holding company, Delfin, announced that it had authorized Goldman Sachs, assisted ...
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Synoptis partners with Optic 2000
The two French cooperative have joined forces to create COI Synoptis, a new structure aimed at improving buying conditions for their respective members. It will combine the purchases made by both group. Each entity in the partnership will remain independent. Created five years ago, Synoptis is a French economic interest ...
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Optic 2000 to rely on French manufacturing
Optic 2000 has announced that it wants to convey a socially responsible image by offering a wider range of frames that are made in France. Oxibis is the French manufacturer that the cooperative has chosen to produce its made-in-France frames, which currently represent a 20 percent share of the group's ...
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Face à Face launches a trendy Wow brand
Wow is a more affordable, unisex line of eyewear that will be presented at Silmo later this week by Face à Face, the French brand of high-end women's glasses. Designed by the same team, led by Nadine Roth and Pascal Jaulent, it will be manufactured by several producers in Italy's ...
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Hoya launches its new progressive lenses
Hoya Lens announced the launch of a new range of free-form progressive lenses at a special Hoya symposium that took place on Sept. 10-12 in Berlin.The new Hoyalux iD LifeStyle V+ is part of the company's range of customized, free-form progressive lenses and replaces its Hoyalux iD Lifestyle lenses. Its ...
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Maui Jim launches Zeal Optics in Europe
Maui Jim will not have a stand at the Silmo fair this week, but it will be using the show as a platform to introduce the Zeal Optics brand to European opticians through a dedicated stand in Hall 6 of the fair. Maui Jim's six sales offices in various European ...
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Oakley got a big kick from the Olympics
Combined with heavy spending on its “Beyond Reason” campaign, Oakley's strong visibility at the London Olympic Games has been a fantastic booster for the brand, considering the fact that it is now recording overall growth of between 15 and 20 percent in the Europe, Middle East and Africa (EMEA) region, ...
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Profits double for Fedon
It was a positive first half for Giorgio Fedon, which seems to have consolidated its position as the leading European producer of eyewear cases since the change of ownership of its rival, Gatto Astucci, which has declined to comment on its performance.The financial results published by Fedon for the six ...
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Coastal Contacts grows modestly
Coastal Contacts had mixed sales results for the third fiscal quarter ended July 31. Total sales were 50.3 million Canadian dollars (€39.4m-$50.9m), a 1.6 percent increase from the year-ago period. The company registered a net loss of C$1.9 million (€1.5m-$1.9m), up from a loss of C$1.5 million in the prior ...
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CooperVision keeps outperforming the market
The global market for soft contact lenses grew at an estimated rate of 5 percent on a constant-currency basis in the three months ended June 30, according to the Contact Lens Institute (CLI), reaching a level of $1,836 million. At CooperVision (CVI), sales grew by 9 percent during the company's ...
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Jobson and FittingBox pair up for North America
Jobson Healthcare Information, the company responsible for the monthly Optical Business Barometer in the U.S., has entered into a strategic partnership with FittingBox, the French company that provides interactive solutions for the eyewear industry. Through the new deal, they say they plan to bring the best digital services to the ...
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Brazilian price cuts may spur consumption, but hurt margins
Some of the major international brands of eyewear lowered their prices last spring or softened their conditions on the Brazilian market, giving more credit to retailers, in order to keep their momentum going in spite of a general decline in the growth of private consumption, and to raise or maintain ...
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Eye strain is an increasing problem in a digital world
The Vision Council in the U.S. has put out a new report called “Keeping Your Eyes Safe in a Digital Age,” which finds that almost 70 percent of American adults have some form of eye strain while using digital devices. The use of digital devices such as televisions, computers, tablets ...
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Spy restructures debt
Spy Inc. and Spy Optic, Spy's wholly-owned subsidiary, have entered into two rather complex transactions to restructure their debt. The first was an amendment to their existing debt instruments issued by Spy Optic to Costa Brava Partnership III and the entry into a registration rights agreement with Costa Brava. The ...
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Essilor launches a new range of Varilux lenses
Essilor has announced the launch of a new range of progressive lenses, the Varilux S series, based on new technologies that are intended to enlarge the field of vision for presbyopes without amplifying the swim effect, while reducing the time that they need to adapt to a new environment. Available ...
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Essilor marches on with sales and profits
Last Friday, Essilor reported a 16.4 percent increase in net profit to €300.6 million for the first half ended June 30. Sales rose by 22.8 percent to €2,530.5 million, driven by new higher-margin products, rising demand in emerging markets, the weaker euro and the usual spate of acquisitions.The operating margin ...
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Hoya comments on a very profitable quarter
In presenting its results for the first quarter ended June 30, the management of Hoya Corporation said on Aug. 6 that 70 percent of its production capacity for free-form lenses in Thailand had been restored and that it should be completely normalized by late September. The shortfall has been largely ...
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Hoya signs license with Zeiss after its U.S. victory against Signet
Hoya Corporation has signed a license agreement with Carl Zeiss Vision for its U.S. and Australian patents for back-surface free-from progressive lenses and the processes used to make them. In particular, the deal concerns progressive lenses whose front surfaces are rotationally symmetric with the back-surface design determined by individual prescriptions ...
