Latest Headlines – Page 139
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Okia Insists That Its Hd Acetate Technology Is Patented
Okia, a company based in Hong Kong that is seeking to acquire a foothold in Western markets with its own brand of innovative eyewear, claims that it has patented HD acetate technology to use to create patterns and embellishments on acetate sheets. It says its own proprietary technology «allows the ...
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Mazzucchelli: Hd Acetate Cannot Be Patented
The world's leading producer of cellulose acetate sheets for eyewear frames, Mazzucchelli, has published a statement pointing out that it has been using HD technology «that produces excellent chromatic/aesthetic effects and high-definition silk screen prints» since the 1970s, and that this technology «is based on highly developed and perfected know-how.» ...
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Pro Fit Optix Helps Retailers To Make The Best Buys
Pro Fit Optix, the U.S. company run by Ruedi Suter and Alan Yuster, has launched a new proprietary supply system designed as a sort of automatic auction mechanism that can help any retail groups anywhere to choose the best possible sources of lenses, frames or finished spectacles anywhere in the ...
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The New Alliance Optics Group Is Expanding Gradually Around The World
Described as the first truly global buying and cooperation group, the Alliance Optics Group is winning over more and more retailers and suppliers in various countries with its unique approach. After two years in operation, it has about 150 retail members in Denmark, Finland, Iceland, Portugal, Hong Kong, Thailand, Vietnam ...
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Big Boom For Osi And The Luxury Eyewear Market
New collections of luxury eyewear like those discussed in the next two articles are coming into the market at a time where this category is apparently booming now that the economic crisis of the past two years seems to be over. Optical Shop International, which claims to be the world's ...
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Zilli Launches New Luxury Eyewear Line With Eric Jean
Zilli is a 40-year-old French fashion house specializing in the development of luxurious clothing and accessories for men, including shoes, luggage and small leathergoods sold partly through its 30 boutiques around the world. Based in Lyon, it generates 85 percent of its annual turnover of about €60 million in about ...
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Zanotti Fragonara, The Count Looks To The Luxury Market
With the major eyewear producers having their priorities elsewhere, the search for niche markets is one of the new targets for Europe's new breed of entrepreneurs. Focusing on a peculiar identity and on national or local traditions has proved successful with a number of house brands of small and medium-sized ...
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Turnaround And New Managers At Mikli
Preliminary results for the financial year ended last Aug. 31 indicate that Alain Mikli achieved an operating margin of about 12 percent and that its sales grew by more than 11 percent in euros and by around 15 percent currency-neutral, without including the operations of Vuarnet Eyewear, in which Mikli ...
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Moneywise, Uvex Has Its Eyes Wide Open
In its fiscal year 2009-10, which ended July 31, the Uvex group increased its sales by 5 percent to €304 million as compared to the previous period. This came after a hefty decrease from €311 in the record 2007-08 year after which especially affected the German company's industrial safety unit ...
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Vision Group Ponders Sale After Big Loss
Vision Group Holdings of Australia saw a 5 percent drop in revenues to 107.7 million Australian dollars (€77.8m-$106.7m) in the 2009-10 fiscal year ended last June 30, as some optical retail members closed up their practices. Excluding those effects, sales would have dropped by 1 percent. The company had ...
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Gatorz' Purchase Of No Fear Is Ok'ed
Gatorz, an American producer of performance eyeglasses and goggles, has been approved to acquire No Fear Retail Stores, responding to a previous offer, but the transaction is a case of all in the same family. No Fear has 53 stores in seven U.S. states, controlled by Simo Holdings, which previously ...
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Orange 21 Gets More Money From Its Chairman's Company
The North American subsidiary of Orange 21 entered into a $1.0 million promissory note with one of the company's shareholders, Costa Brava Partnership III, as of Nov. 1. The promissory note is an enlargement of the $3.0 million and $1.0 million promissory notes entered into with Costa Brava in ...
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Luxottica Ups Its Full-year Guidance After A Strong Quarter
Luxottica forecasts that its net profit may reach €400 million for the current financial year, representing an increase of about 27 percent over 2009's bottom line of €315 million. The estimate is an improvement on the company's previous guidance, which aimed at a mid-single-digit growth in sales and net profits ...
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Luxottica Will Issue First Public Bond
For the first time, Luxottica is issuing a public bond to diversify its financing sources, which are skewed toward banking loans, and extend the average maturity of its debt. The bond is due to be sold to institutional investors by the end of January but there is speculation that the ...
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Essilor Continued Its Growth In The 3rd Quarter
Confronted with an erratic and scattered recovery of the market, Essilor International continues to invest in the development of new products for the higher-end segment in the mature market and the medium segment in the emerging markets. In releasing its sales results for the nine months ended Sept. 30, ...
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Essilor Will Buy 50% Of Shamir
Essilor International has signed an agreement for the acquisition of a 50 percent stake in Shamir Optical Industry, the Israeli lens producer, leaving the Kibbutz Shamir cooperative in ownership of the other half. The deal confirms earlier reports of discussions and negotiations between the two companies, but the fact that ...
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Rodenstock's Ceo Quits As Richemont's Shareholders Back Out Of A Deal
Olaf Goettgens resigned as chief executive of Rodenstock at the end of September after plans to recapitalize the beleaguered Munich-based producer of ophthalmic lenses and frames failed. As a stop-gap solution, the company has appointed Peter Korfer-Schun, chief executive of a German plumbing equipment group, Grohe AG, as adviser with ...
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Carl Zeiss Vision Completes Its Refinancing
As of Oct. 1, Carl Zeiss AG has 100 percent control over Carl Zeiss Vision following its acquisition of the voting rights of EQT, the private equity company that had had a 50 percent interest in the big German-based lens supplier. Starting with the 2010-11 fiscal year, Carl ...
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Marketing: Sola Sunlens Becomes Optics By Carl Zeiss Vision
Carl Zeiss Vision sun lenses no longer have the word «Sola» in the brand name. Sola Sunlens is changing identity and becoming Optics by Carl Zeiss Vision. But the name of the old American group that Carl Zeiss acquired in 2005 will remain for the prescription lenses that will continue ...
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Bbgr Appoints A New President And Wins A Silmo D'or
Frédéric Mathieu became on Oct. 1 the new president of BBGR, responsible for France and for the development of the European operations of this big subsidiary of Essilor International. He replaces Laurent Schmitt, who is going back to Italy, where he worked before. Schmitt will act there as vice president ...
