Latest Headlines – Page 123
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Fielmann gains market share but sees lower profits
In a rather exceptional departure from the established norm, Fielmann suffered a dip of 3.1 percent in its consolidated net income during the second quarter ended June 30, down to €29.9 million, in spite of a 4.0 percent increase in consolidated revenues to €279.6 million for the period.The company attributed ...
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Safilo boosts quarterly sales to GrandVision by 41%
Safilo's sales to GrandVision rose by 41 percent during the second quarter, as the parties are generating more Luxottica-like synergies among the supply chain in an increasingly verticalized market context. GrandVision is owned by the Dutch conglomerate Hal, which is also Safilo's main shareholder. At the end of 2011, GrandVision ...
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Safilo appoints new board of directors
Safilo's annual shareholders meeting saw the reappointment of Roberto Vedovotto as the group's chief executive. Vedovotto has been the company's managing director since December 2008. He has served as co-chief executive officer since 2002. The position of chairman of the board will be held by Robert Polet, former president of ...
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Dino Tabacchi seeks minority partner for Salmoiraghi
Dino Tabacchi is seeking a buyer for a minority stake in Salmoiraghi & Viganò, the leading Italian optical retail chain of which he is currently the sole owner. Dino Tabacchi acquired the chain when he was still vice-chairman of Safilo, on June 25, 2002. De Rigo had also shown interest ...
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Bruno Famaceutici acquires Safilens
Safilens, a 12-year-old Italian producer of contact lenses, has been acquired by an Italian pharmaceutical group, Bruno Farmaceutici, at an undisclosed price. Bruno Farmaceutici, which has a very wide product range and turned over €61 million in 2011, was in turn acquired in 1996 by Antonio Bruno – now chairman ...
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Marcolin’s sales and profits drop slightly
In the first half ended June 30, Marcolin registered a decrease in net sales of 2.7 percent to €121.5 million, or 5.1 percent off at constant exchange rates from the same period last year. The slight decline was said to be heavily influenced by the weakness of the macroeconomic scenario ...
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Spy will close its European sales office
After selling its LEM laboratory in Varese, Spy Inc. has decided to shut down its European office in Italy and to move to a distribution model in the region. Combined with layoffs in North America, this will result in the elimination of 20 jobs, resulting in a one-time charge of ...
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Positive past and future for U.S. purchases
The latest editions of the Consumer Barometer released by The Vision Council and Jobson Optical Research indicated slight increases in purchases of sunglasses and eyeglass frames among U.S. consumers in June, followed by a certain stability in July.July's Optical Business Barometer, measured by Jobson Optical Research among U.S. independent eye ...
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Relative stability for Silmo
The organizers of the big international trade show, which is scheduled to take place over four days next Oct. 4-7 in Paris, are expecting a total of around 900 exhibitors on a total surface of 76,000 square meters, largely the same as last year. They feel that it is quite ...
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Drop in Luxottica’s Western European sales
Luxottica's wholesale revenues in Western Europe dropped by 4 percent in the second quarter, led by Spain and Italy, which booked mid-single-digit declines. In the first half, sales were up by a disappointing 1 percent. The economic recession in these and other Mediterranean countries has evidently affected even the Italian ...
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Rodenstock gathers momentum
The German company raised its revenues by 7 percent to €196.3 million in the first half of this year, according to unaudited figures. The growth was driven by the lens segment, whose sales rose by 7.4 percent, and by revenues generated abroad, which went up by 13.2 percent. Sales of ...
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De Rigo opens a U.S. subsidiary
Out of the major Italian eyewear producers, De Rigo had remained one of the few ones that was not yet working in the U.S. on a direct basis – a handicap that apparently led the company to lose the Prada license contract a few years ago. It had a joint ...
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Julbo gets closer to its clients in Europe
Julbo has decided to take over its distribution in the Benelux countries in order to service both the sports and optical retail circuits, and to grow its winter business. The French sports eyewear company has already adopted this business model for France and Switzerland since 2003, in Germany since 2005 ...
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ADCL-Plus gets global Rip Curl license
ADCL-Plus, which has done a good job as a distributor of Rip Curl eyewear in France, has signed a global five-year licensing agreement with the Australian surfwear brand. The deal gives the French company the rights to design, produce and distribute a new line of sunglasses and prescription frames that ...
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Safilo wants continuity and innovation for Polaroid Eyewear
Safilo is currently going through a phase of reassessment of the distribution network for Polaroid Eyewear at the international level. Sources from the Italian company indicate that it is too soon to be more specific on the matter and that more information will be made available in the months to ...
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Italian exports were up by 4.7% in first quarter
Italian eyewear exports continued to grow, though at a slower pace than last year. According to the Italian National Statistics Institute, the increase for the first quarter of 2012 was only 4.7 percent to €680 million, as compared to the same period a year ago.The growth rate was three times ...
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Call for action on impaired vision at Eurom meeting
Eurom 1 has called for common action at the European level to tackle the social and economic costs of impaired vision. This was the main topic for the organization's general assembly this year in the Swiss village of Stein am Rhein.Eurom 1 is the European Federation of Optical Industries and ...
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Italian Vision Council warns against cheap sunglasses
The Daily Mail recently reported on a 17-year-old girl, Laura Musson, from Bottesford, Nottinghamshire, who was left with a badly swollen face after suffering a severe allergic reaction to her sunglasses. According to the British newspaper, Laura's head, eyes and nose ballooned in size to such an extent that even ...
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Anfao instructs consumers on how to avoid fakes
The Italian Ministry for Economic Development and consumer associations have just released five new handbooks to warn consumers against counterfeiting under the title “Io non voglio il falso” (I do not want counterfeit products). The novelty in this campaign lies in the collaboration between consumer associations and manufacturers.Anfao contributed ...
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Budget sunglasses fail EU safety standards
A new study conducted by the Optical Appliances Testing Services at the City University of London found that more than half of the cheap sunglasses purchased on the high street fail to meet the strict EU safety standards. Researchers tested 100 sunglasses from 10 leading retailers, in the price range ...
