Latest Headlines – Page 135
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The industry turns its attention to Japan
The major Japanese companies in the ophthalmic industry have reported little or no damage from the devastating natural and nuclear disaster that affected the northern part of Japan following the earthquake and tsunami that hit the region on March 11. Some of these companies and others have started to offer ...
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Safilo’s results end up above expectations
Safilo booked higher-than-expected results in the fourth quarter, lifting the share price on belief that the company is returning to profitability at a faster pace than analysts had predicted after being on the brink of bankruptcy in 2009 and having to be recapitalized at the beginning of last year.The company ...
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Safilo’s industrial reorganization is clarified
Safilo reached a final agreement on the terms of the restructuring its manufacturing facilities in the Friuli region with local authorities and the unions at the end of February. In contrast with the underlying meaning of our article on the subject in the last issue of EyeWear Intelligence, published on ...
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Krys Group sees sales rise by 3.6%
The big French Krys Group of independent and company-owned optical retail stores increased comparable store sales by 3.6 percent to €905 million in 2010. Sales were higher for each of the group's banners. The strongest increase was booked by the low-cost chain Lun's, up by 24.1 percent to €8 million. ...
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Rodenstock prepares a major launch
By the time of the next Silmo fair in Paris, the recently refinanced German company should be able to launch an important new product in the area of free-form individualized progressive lenses – an area where Rodenstock played a pioneering role. It should also provide an interesting reply to the ...
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A new Spanish eyewear firm, to be run by Antoni Olivella
Antoni Olivella, the famous Spanish industry veteran who has presided in recent years over the European Sunglass Association and Eurom 1, the European federation of national ophthalmic industry associations, is the key personality behind this new Spanish company, called Vistamax, which showed for the first time at the Mido fair ...
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De Rigo grows by 18%
De Rigo's preliminary figures for 2010 give wholesale turnover at €190 million, or 18 percent more than in 2009, with Ebit of €18 million. At the beginning of last year the group had forecast a return to the level of wholesale revenues generated in 2008, before the recession set in. ...
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Silhouette and Marcolin are bullish about their crystals
Officials of the Austrian company say it is realistic for them to expect annual sales of 150,000 pieces for the new Silhouette Crystals collection in about two years' time. Unveiled at the Mido show in Milan with an initial series of seven rimless styles – four prescription frames and three ...
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Signature reports another profit, diversifies into shoes
Signature Eyewear announced its 21st consecutive profitable quarter. Net income was $82,546 in the first quarter ended last Jan. 31, down from $143,000 in the same period a year ago because of lower sales and a decrease in the gross margin, due to competitive conditions and the start-up of private ...
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Polaroid Eyewear goes vintage
Polaroid Eyewear launched a new line of sunglasses called Best Under the Sun last month, consisting of 10 modern frames inspired by some of the most iconic designs that it put out between the 1930s and the 1980s, but using new materials. First shown at the Fashion Week in New ...
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Shamir’s profits decline
Shamir Optical posted a 5.4 percent increase in revenues to $39.1 million in the fourth quarter but the gross margin slipped to 54.0 percent of sales from 55.0 percent a year earlier and the operating margin narrowed to 8.6 percent from 12.3 percent.Profitability was affected by the mix of products ...
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CooperVision outperforms the market
It apparently did so for the first quarter of its own fiscal year, ended last Jan. 31, as well as for the full 2010 calendar year. While the total soft contact lens market increased by 5 percent in constant currencies in both periods according to the Contact Lens Institute, rising ...
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Mido reports 3% more visitors
Boasting a 5 percent increase in net exhibition space to 41,000 square meters, rented out to 1,100 brands and companies and spread over six halls, the latest edition of the international Mido trade show in Milan reported a total of about 42,000 visitors, a 3 percent increase from last year. ...
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Italy’s Galileo forms a loyalty club
Oftalmica Galileo, the historic Italian lens producer now flying under the French flag, is currently benefiting on its home territory from the marketing strategies of its French parent company, BBGR. The same model, intended to maximize the clients' loyalty, is being applied in various countries, but adapted to the individual ...
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Okia hires Chinese artists for new design ideas
One of the first applications of this design investment is a collection of women's eyewear for three age ranges, called 20-30-40 HDA 270° . For women from 25 to 30 the model is called Youth, the 30-to-35 age range has a line called Bloom and the model for 35- to 40-year-olds ...
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OBE has a new structure
The German company, whose full name is Ohnmacht & Baumgärtner, has divided its business into three new divisions. Headed up by Erik Schäfer, the optic division remains the most important one within the group. Schäfer also run Trevista, a division that offers surface inspection system in the industrial machine vision ...
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EDM Publications launches a new EYEWEAR INTELLIGENCE
After more than 11 years on the market, EYEWEAR INTELLIGENCE remains the only pan-European business publication, delivering at least 15 issues a year to its subscribers, full of exclusive facts and figures in the international language of business, with no pictures and no advertising.After a survey of its readers, EDM ...
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Essilor sees growth rising on a comparable basis
The management of Essilor International is quite confident that this year it will be able to at least maintain the 18.1 percent operating margin recorded in 2010, while the company's organic growth should continue to improve gradually in the course of the year, going from an annual rate of 3.6 ...
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Essilor sees potential for further growth
Showing several interesting slides at the company's annual meeting with financial analysts, Hubert Sagnières, chief executive of Essilor International, sounded optimistic yesterday about the company's ability to capitalize on the considerable potential that remains for further growth in the ophthalmic lens markets, both in the high-growth emerging economies of Asia ...
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Luxottica sees 2011 sales lifted by emerging markets
Luxottica forecasts that 2011 sales will show high single-digit growth, at constant exchange rates, underpinned by an increase of about 20 percentage points at both wholesale and retail level in emerging markets. Wholesale sales are anticipated to rise by about 10 percent and comparable store sales by 4-7 percent in ...
