Latest Headlines – Page 141
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Europarliament Proposes Mandatory Origin Labeling
Two Italian members of the European Parliament are proposing to include ophthalmic and contact lenses as well as eyewear as manufactured goods compelled to bear labels stating their country of origin, if they're produced outside the European Union. The EuroMPs, Francesco Enrico Speroni and Matteo Salvini are both members of ...
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Signature Posts Lower Sales And Profits
Sales fell by 16.9 percent to $4.9 million for the third quarter ended July 31 at Signature Eyewear. Though the net income was down by just over a quarter at $115,000, the company noted that this was the 19th consecutive quarter of profitability. The company said the drop in sales ...
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Coopervision Outperforms The Market
CooperVision, the contact lens division of the Cooper Companies, considers 2010 to be a stellar year, with a solid top line, improving margins and outstanding free cash flow. CVI had a 3 percent increase in turnover to $249.0 million for the third quarter ended July 31, or a 6 percent ...
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Transitions Finds That British Parents Disregard Their Children's Eye Care
Transitions Optical commissioned a study of eye care for children in the U.K. in the second year of its Eye Know Eye Care campaign, and it found that most parents in the study didn't prioritize a back-to-school eye exam for their children, and that only 10 percent of children have ...
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Mixed Figures From The U.S. Market
Jobson Research's monthly Optical Business Barometer for August shows a slight uptick in the U.S. market. On a scale of 1 to 5, where 5 is the most positive and 3 is neutral, the average opinion of the U.S. industry was 3.7, up from 3.5 in July. The 3.7 matches ...
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Indian Group Renames Its Stores As Stylei
Odyssey India, a wholly owned retail subsidiary of the Indian newspaper group Deccan Chronicle, has rebranded three optical retail stores from The Eyewear Store to STYLEi, and opened the first STYLEi store at Mantri Square Mall in the city of Bangalore. The store has minimum guarantee and revenue-sharing models with ...
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Difficult Start For Silmo At Its Modern New Venue
A transit strike and infrastructural work are going to make it harder for exhibitors and visitors to travel to and from the Silmo show starting next Thursday at the modern Villepinte exhibition center near Paris' Charles de Gaulle airport. The organizers are doing everything they can to alleviate the problem, ...
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Hal Merges Pearle Europe And Grandvision
Firmly established as the second-largest optical retailer in the world after Luxottica through its multiple holdings in various countries, the Hal Group has decided to consolidate its two retail companies, Pearle Europe and GrandVision, into a single one and to place them under common management, capping 14 years of acquisitions ...
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L'amy Is Changing Hands
It's not yet official, but an executive of the L'Amy Group said the French eyewear company is being taken over by another private French group, TWC, that specializes in watches. The purchase agreement was reached just before the owners of the two groups went on summer holidays. We were unable ...
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Luxottica Books Record Second Quarter, Takes Control In Turkey
Luxottica booked its strongest quarter for both sales and profits in the three months to the end of June with growth in all segments and geographies, with the notable exception of Australia. In reporting its results for the second quarter, the company also announced that it had spent ...
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Luxottica Opens A Big New Concept Store In Melbourne
Luxottica has opened an eye-shaped superstore in Melbourne, Australia based on a new concept that is due to be rolled in Australia and in other countries, where it could bear other brand names. Conceived by a design consultancy called E2 and trading under the banner of OPSM, the big Australian ...
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Safilo Enjoys Sharp Increase In Profitability
Safilo enjoyed a significant increase in profitability in the second quarter of the year but the company remains cautious about the rest of 2010 as consumer demand stays weak in Europe and the rebound seen in the U.S. could be flagging. Safilo beat market expectations by posting a 7.3 ...
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De Rigo's First-half Wholesale Revenues Up 16.5 Percent
De Rigo booked a 16.5 percent increase in wholesale revenues in the first half of 2010 thanks to strong sales growth in Asia and South America, and to its house brand Police. The group also enjoyed a recovery in luxury brands, which showed a 4 percent increase during the period. ...
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Licensing Shuffle As Expiration Dates Approach
Marcolin has reached a preliminary contract for a worldwide five-year license agreement for sunglasses and prescription frames with the Diesel brand, owned by the eponymous Italian fashion group. The parties will aim to finalize the deal by Oct. 31. Safilo holds the license until Dec. 31 and had previously expressed ...
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Sover In 3-year Deal With Laura Biagiotti
Sover has reached a three-year license agreement with the Italian designer Laura Biagiotti to produce and distribute women's sunglasses and prescription frames. The new collection will be unveiled during the Silmo trade show held in Paris on Sept. 23-26. The Laura Biagiotti license was previously held by the now bankrupt ...
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Marchon Enters Deal For Stylish 3d Glasses
Marchon Eyewear is entering the booming category by setting up a new Marchon3D business division, headed up by David Johnson, that aims to provide consumers with the best in 3D eyewear technology and design. For this purpose, it has agreed to buy the 3D assets of MicroVision Optical and struck ...
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Novartis' Ciba Vision Unit Has Good Results; Alcon Purchase Pending
The consumer health unit of Novartis, which includes CIBA Vision, has reported a 7 percent increase in net sales to $1.5 billion in the second quarter of 2010. The division's European sales were up by 5 percent to $600 million, with the strongest growth in France, the U.K. and Germany. ...
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Sauflon Has An Exclusive Regional Deal With Specsavers
The British contact lens manufacturer has its Australasian dance card full for the next 12 months through a new agreement whereby it will provide its products to Specsavers, and only Specsavers in the region. The situation is described as mostly a case of capacity. Sauflon just entered the Australian ...
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U.S. Market Overall Slips
VisionWatch has released its look at vision care services and eyewear purchasing trends in the U.S., conducted by The Vision Council. This Consumer Barometer found that in the 12 months through June 2010, sales in the vision care market fell by 3 percent to $31.7 billion. Frames, which ...
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Sunny Days, Literally And Figuratively, For U.K. Opticians
In the second quarter of the year, sunglasses sales in optical practices in the U.K. surged as a result of good, sunny weather. The market research firm GfK found that they reached £18.9 million (€22.8m-$30.1m), and May had more than 87,800 pairs of sunglasses sold through optical practices, for a ...
