Latest Headlines – Page 132
-
Article
Luxottica buys Israeli retailer
Luxottica has entered an agreement to purchase the Israeli sunglass retailer Erroca in a deal with an enterprise value of about €20 million. The transaction has to be cleared by regulatory authorities and is expected to be closed by the end of October.Erroca has more than 60 locations in shopping ...
-
Article
Pro Fit Optix exits Chapter 11
The American company, whose sales rose by 84 percent in the first seven months of this year, voluntarily filed for Chapter 11 bankruptcy last Feb. 9 because of lack of cash and of financial support from its shareholders. On Aug. 22, the U.S. Bankruptcy Court for the Southern District of ...
-
Article
Orange 21 books a loss but grows pro forma
Net revenues declined by 5.7 percent to $8.99 million in the second quarter ended June 30 for Orange 21, the parent company of Spy Optic. However, on a pro forma basis, sales increased by $0.6 million or 7 percent during the period. This comparison excludes revenues of $1.11 million in ...
-
Article
American eye care market continues slow growth
VisionWatch has found that for the 12-month period through the end of June, overall revenues from vision care in the U.S. rose by 1.2 percent to $32.2 billion. Turnover from eye exams was up by 2.8 percent for the year, and up by 1.9 percent in volume for the six ...
-
Article
Vision Expo West caters to foreign visitors
Reed Exhibitions, the organizer of International Vision Expo West in Las Vegas being held Sept. 22-24, has worked to improve the experience for visitors from outside the U.S. David Tobin, Reed's director of international sales, noted that last year foreign visitors made up 13 percent of the total attendance, coming ...
-
Article
The European Optical Market 2010-2011 WV Consolidated Report
IntroductionStrategy with Vision (SWV), the international consultancy, recently completed its annual research into the top 5 optical markets in Europe – France, Germany, Italy, Spain and the U.K. (referred to from here as the Top 5). The research is published as International Market Models. The information that follows in this ...
-
Article
Luxottica beats forecasts again
Luxottica ended the second quarter with a 2.4 percent rise in sales to €1,633.5 million and a net profit of €162.1 million, up by 8.0 percent, yet again beating market expectations. The sales figure was at the top end of the analysts' forecast range and net profits were about €4 ...
-
Article
Prices are going up, more or less selectively
Cost increases have been experienced by 84 percent of the vendors of ophthalmic optic products over the past 12 months, and 64 percent of them have decided to reflect them in one way or another in the prices that they are charging to retailers for their autumn/winter 2011-12 a collections, ...
-
Article
Bushnell creates an eyewear division, based in France
Based at Bushnell's European office at Suresnes near Paris, the new eyewear division of Bushnell Outdoor Products will be in charge of the Bollé, Bollé Safety, Cébé and Serengeti brands of eyewear owned by the American group on a global basis. The division will be run by Olivier Ciaravino, director ...
-
Article
New management for Logo
Pierre Verrier has been dismissed as president and chief executive of Logo for mysterious reasons. He has sold his minority stake in the company, which he acquired after joining it in September 2008. The company's majority shareholder from the transportation sector, François André, has named a new general manager, Richard ...
-
Article
Novartis’ vision care sales lifted by AirOptix
Sales of Novartis' vision care products rose by 10 percent to $630 million in the second quarter driven by double-digit growth registered by Ciba Vision's AirOptix contact lenses. At constant currency rates, the division's sales rose by 2 percent. Contact lens sales rose by 13 percent to $440 million but ...
-
Article
European lobbying efforts go on
Vittorio Tabacchi, chairman of Eurom 1, and Bertrand de Limé, general manager of the organization, which groups all the national federations of suppliers of ophthalmic optic products, met members of the European Parliament earlier this month to ask for stricter European guidelines on eye tests for children and drivers.Generic criteria ...
-
Article
New hybrid internet retailer starts in France
Evioo.com is a new click-and-mortar operation whereby the customers are invited to select the lenses and frames of their choice and to pick them up at the store of an optician in their neighborhood who will take care of the final fitting.Presented as the most extensive showroom of the kind ...
-
Article
Marcolin returns to head Anfao and Mido
At a shareholders' meeting for Anfao and Mido on July 7, Cirillo Marcolin was named president, stepping in for Vittorio Tabacchi. He will serve a two-year term as president of those two organizations as well as for Fiamp, the Italian Federaion of Fashion and Personal Accessories. Marcolin is a past ...
-
Article
Rodenstock reorganizes in the U.S.
Rodenstock is creating a network of franchised lab partners in North America as part of its new corporate strategy there. The labs will manufacture the company's Impression free-form multifocal ophthalmic lenses. To make sure the lenses meet Rodenstock standards, it will require the labs to install a device to inspect ...
-
Article
REM Eyewear fills several positions
REM Eyewear has appointed three people to fill roles that will help the company grow. Mitch Sebolsky is the new director of marketing, tailoring ad and awareness campaigns to each of the company's brands. His experience in marketing and communications includes the head of marketing at the denim company Rock ...
-
Article
LVMH invests in L’Amy, indirectly
L Capital, an investment fund controlled by the world's largest luxury goods group, has acquired a stake of 35 percent in TWC L'Amy, the French company formed from last year's takeover of L'Amy by TWC, a French producer of watches, jewelry and other accessories, for the most part licensed.L Capital ...
-
Article
New management for Allison, back in operating profit
Allison can finally see light at the end of the tunnel in terms of profitability, and is bringing in new management. Antonio Bortuzzo, who steered the group through a major reorganization from 2008, is passing the job of chief executive onto a finance specialist, Giorgio Antichi, while he prepares for ...
-
Article
Marchon wins Ferragamo license, Safilo loses Valentino
Salvatore Ferragamo has decided not to renew its license agreement with Luxottica, with which it had a partnership since 1998, and now will join forces with Marchon. The Italian fashion group signed a five-year worldwide license agreement with the big American eyewear producer. The deal can be renewed for an ...
-
Article
Safilo’s growth may end up lower than expected
Equita, an Italian investment bank controlled by the U.S. private equity fund J.C. Flowers, has revised its forecasts for the two leading players in the international eyewear market, Safilo and Luxottica. Safilo's rating has gone down, while Luxottica's initial positive forecast has been confirmed.The analysis of Safilo's accounts has led ...
