Latest Headlines – Page 130
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Thai floods affect Hoya and other lens firms
Hoya Vision Care's factories in Thailand have been severely affected by the disastrous floods that hit the country earlier this month. While announcing that no personal injuries have been reported among the company's staff, company managers outlined a massive deployment of emergency measures to ensure timely shipments of ophthalmic lenses ...
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Essilor sees accelerating growth
Pointing out that it is gaining market shares in a sector that is still growing in spite of the uncertain economic conditions, Essilor International's management feels confident that it will maintain its profit margins this year on growth of between 6 and 8 percent including the bolt-on acquisition of optical ...
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Luxottica grows by 10% currency-neutral
Luxottica ended the third quarter with a 4.0 percent rise in sales to €1,532.8 million and an adjusted net profit of €111.2 million, up by 9.1 percent, yet again beating market expectations. Taking into account exceptional items, the bottom line rose by 4.1 percent to €106.1 million. At constant currency ...
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Luxottica banks on emerging markets
Luxottica is looking at doubling the size of its business in emerging markets over the next 15 months thanks to recent and expected acquisitions, the expansion of Sunglass Hut International in Brazil, retail and wholesale expansion in China and the start of a direct wholesale presence in new markets. Luxottica ...
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Safilo wonders about its Armani deal as it lays out its business plan
Safilo is waiting for Giorgio Armani's answer regarding the renewal of the A/X Armani Exchange, Emporio Armani and Giorgio Armani licensing deal, which is scheduled to expire at the end of 2012. While Marchon and other firms are said to have been vying for this hot property, which would strongly ...
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Safilo sees biggest potential in its own house brands
Safilo sees its house brands, especially Carrera, Safilo and Smith Optics, as its “biggest growth opportunity.” House brands represent about 20 percent of the eyewear company's sales and are expected to increase sales, organically, by 9 percent a year until the end of 2015. The company's other brands are Oxydo ...
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Safilo see the market growing by 4.2% a year
Safilo forecast that the worldwide market for frames and sunglasses will rise by an average 4.2 percent a year until the end of 2015, when wholesale revenues should reach €11.5 billion compared with €9.4 billion in 2010.Growth will be driven by emerging markets, where the increase will average 9.2 percent ...
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Luxottica’s North American division sees big changes
The North American Retail Group of Luxottica has adopted new structures for management and regional reporting for its brands, according to VMail, as part of a series of changes in organization and operations. It has also established a new in-house group called EyeCare Centers of Excellence. In addition to an ...
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Italian exports grew by 15% in the first half
The definitive figures for the first half are slightly lower than the forecast that we had already reported last month (EyeWear Intelligence, vol. 12, N° 11-12), but they confirm the general trend. Compared with the same period last year, Italy's eyewear exports for the period January-June 2011 were up by ...
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Natural Optics takes over Grupo Visual Opticos
Grupo Visual Opticos is a Spanish buying group that works for 178 optical retail stores spread all over the eastern coast of the country. Its retail members signed an agreement last month to join forces with two other Spanish purchasing groups – Red Visual and Provision – that are run ...
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Menicon boosts international operations
The Japanese contact lens company has set up a new subsidiary at Emmen, in the Netherlands, Menicon Holdings BV, to manage and coordinate all its operations outside Japan. The move is intended to increase Menicon's international presence on the back of the planned launch in 2012 of a special new ...
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PPG is bullish about Tribrid
Officials of some major lens companies and laboratories have given a thumbs-up to PPG Industries for the launch of its new hybrid lens material, Tribrid, which combines some of the properties of Trivex with those of more fragile higher-index monomers. Officials of PPG are very optimistic about its future market ...
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Chinese supplier bails out Area
A Chinese company called King Song has saved Area from default, and has set up a new company – Area 98 – enabling the Italian company to continue to operate. Run by its creative director, Elisio Tessaro, and with brands such as K-Actor Contini, Genesis, La Matta and Kaos in ...
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Massive line-up for new Ron Arad line
One of the highlights at the last Silmo was the much-expected launch of a new line of designer eyewear under the brand of Ron Arad, a famous Israeli architect based in London whose past projects include the very artistic Design Museum of Tel Aviv. The expectations of visitors at the ...
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Mykita develops new product segment with innovative material
Mykita presented its newest invention, a special material that offers diverse design options, light weight and individual adaptability, at the Silmo show in Paris last month. The Berlin-based eyewear brand set up a distinct stand at the fair to present the first Mykita Mylon collection to retailers and industry professionals. ...
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Uvex group grows in safety, not sports
With total sales in the amount of €330 million, the Uvex group managed to increase sales by 9 percent during the 2010/11business year, which ended at the beginning of August. Manufacturing head-to-toe protection gear for sports, leisure and work, the German company has also been able to exceed the sales ...
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The Silmo d'Or Winners
The history of aviation continues to inspire the world of eyewear. Taking its cues from the growing popularity of aviator styles in the Italian sunglass collections, Mido organized a fashion show inspired by this theme at one of its rare gala evenings a few years ago, staged inside the premises ...
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Hal makes more money
Hal Holding, the major shareholder of Safilo and owner of GrandVision, Pearle Europe and other optical retail operations in Europe and elsewhere, has reported a net profit of €304.9 million for the first half of 2011, up sharply from €200.2 million. Most of the increase came from the higher profits ...
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Future of Armani license will get attention during Silmo
The future of the Armani licenses will be the highlight of the corporate events surrounding the French trade show Silmo. The Italian fashion group's licenses – A/X Armani Exchange, Emporio Armani and Giorgio Armani – are currently in the hands of Safilo but expire at the end of 2012. Safilo, ...
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Marchon invests €1 million in Italy
Marchon is strengthening its production in the Belluno eyewear district of Italy to support the recent acquisition of the Ferragamo and Valentino licenses. Along with brands such as Fendi and Pucci, already in the group's portfolio, the two new acquisitions are said to be major symbols of Italy's prestige in ...
