Latest Headlines – Page 144
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The German Optical Retail Market Rose Slightly In 2009
German opticians saw their sales rise by 1.5 percent to an estimated €4,805 million in 2009, according their trade association, ZVA, which has changed its measurement criteria slightly. Sales of spectacles rose by 1.5 percent in volume to 11.2 million units and their value increased by 1.8 percent to €3,897 ...
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Luxottica's First Quarter Was Hamstrung By A Temporary Drop In Gross Margin
Luxottica enjoyed a 6 percent rise in sales to €1.392 billion in the first quarter thanks to higher volumes and an improvement in the price mix. But the performance was dampened by a slip in the gross profit margin of its wholesale operations due to a change in accounting rules ...
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Safilo Books A Stable Profit For The First Quarter
Safilo booked a net profit of €1.7 million in the first quarter, in line with the same quarter a year ago, in spite of a slight decline in sales. The bottom line was lower than the €4 million profit forecast by financial analysts but the group opted for a prudent ...
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Safilo Renews License With Marc Jacobs Ahead Of Time
Safilo has extended for four years its license agreement to design, produce and sell worldwide the brands Marc Jacobs and Marc by Marc Jacobs. The license was scheduled to end on Dec. 31, 2011, but was prolonged to Dec. 31, 2015. The company described Marc Jacobs as one of the ...
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Essilor Meets Expectations In Quarter, Adds Consumables To Its Product Range
Essilor International had a solid first quarter, with a 7.8 increase in turnover to €905.8 million, meeting expectations. At constant currencies and on a comparable scale, revenues grew by 2.5 percent, led by higher sales in emerging markets and a slow rise in established markets. The effect of foreign currencies ...
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Pluriel Afflelou Becomes Claro Afflelou
Alain Afflelou is renaming all 40 of its Pluriel Afflelou stores in France and Belgium Claro Afflelou, the Spanish-sounding name chosen for this alternative retail format at the two Spanish stores that have adopted it so far. The big French franchisor is also extending one of Claro Afflelou's private-label offers ...
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Euromcontact Releases 2009 Figures
Euromcontact has put out its look at the soft contact lens markets in Europe for 2009. The organization found that the market for daily disposable (DD), weekly/biweekly and monthly (WB&M) and conventional soft (CS) lenses rose by 6.18 percent to €1,156 million in 22 European countries last year. In the ...
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Nau! May Again Double Its Sales And Enter New Markets
The Italian optical retail chain Nau! ended 2009 with sales of more than €5 million, twice the level booked in 2008. The trend in the first four months of 2010 indicates that it could double its turnover again this year, and the company is in preliminary talks to strike master ...
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New Chief And A New Development Phase For Briko
Carlo Bortoli, the Italian entrepreneur from the wine and publishing industries who took over this brand of snow sports and cycling products two years ago, has appointed Gianluca Pellegrinelli to replace him as chief executive, while remaining as an ?active? chairman of the company. A well-known personality of the Italian ...
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Gatto Astucci Will Pursue Its Diversification With A New Acquisition
Gatto Astucci, the Italian supplier of eyewear cases, plans to make an acquisition later this year to accelerate its ongoing diversification into a global service company, offering comprehensive point-of-sale marketing solutions to brands and retailers in the eyewear sector and others. The group currently gets 45 percent of ...
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Hal's Optical Retail Empire Sees 10.1% Less Ebit As Comp Store Sales Fall By 1.6%
The optical retail companies owned by Hal Holding saw a 2.8 percent increase in revenues in 2009 to €2,032 million. Excluding currency effects that cost €59 million and acquisitions, which brought in extra revenues of €64 million, this was an increase of 2.5 percent. Comparable store sales at constant exchange ...
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Safilo To Double Sales With Hal; Diesel Licenses In Doubt
The management of Safilo believes that newly refinanced company can at least double its sales with Hal Holding, its new controlling shareholder and largest client, representing about 3.5 percent of its total turnover in 2009. The management of the Italian eyewear company also indicated that it could lose the Diesel ...
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Safilo Appoints Melchert Frans Groot Chairman
Following the recent recapitalisation of Safilo, a unit of Hal Holding, Multibrands Italy, has increased its stake in the world's second largest eyewear producer to 37.23 percent from about 2 percent, while the shareholding of Only 3T, the holding company of the Tabacchi family, has been diluted to 10.02 percent ...
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Safilo's Former Chairman Bids For Eurom 1 Chairmanship
Just as he is leaving the operational chairmanship of Safilo, the company taken over by his father Guglielmo in 1934, Vittorio Tabacchi is largely expected to become the next chairman of Eurom 1, the European federation of national ophthalmic industry associations. He would take charge for a three-year period at ...
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Eurom 1 Urges European Authorities To Take A Stand On Better Vision
The change of chairmanship at the head of Eurom 1 will coincide with an important presentation that the organization plans to make to the members of the health and transport committees of the European Parliament in Strasbourg on July 6, in an effort to get the European Commission and the ...
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Italy's Kentral Joins The European Garro Buying Group
Kentral, an Italian buying group established in 2007 by Salmoiraghi & Viganò and Vision Service to federate other independent optical retailers, has joined Garro, the European buying group created in 2006 by Guilde des Lunetiers of France and Cione of Spain. The result is a stronger international organization with 5,600 ...
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Marcolin's Sales Drop But Profits Rise
Marcolin ended 2009 with a 3.5 percent drop in sales to €180.3 million due to decline in some important foreign markets such as Spain and Russia. The company pursued an aggressive commercial policy in terms of discounts but the top line found some support from the roll-out of new collections ...
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Shamir's Sales Go Up By A Quarter
Revenues jumped by 27.2 percent in the fourth quarter for Shamir Optical Industry, hitting $37.1 million. The Israeli company's operating income went up by 55.6 percent to $4.5 million, for an operating margin of 12.3 percent compared with 10.0 percent in 2008. Net income more than doubled, rising by 132.8 ...
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Silicone Hydrogel Pushes Coopervision Above The Industry Average
CooperVision, a division of the Cooper Companies, has reported a sales increase of 2 percent to $215.9 million for the three months last Jan. 1, which corresponds to the first quarter of its new fiscal year. Revenues rose by 8 percent in terms of local currencies. They increased in most ...
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British Market Slumps, But Growth Is Expected To Return
Spending on optical goods fell by 2.2 percent in the U.K. in 2009, according to the Optical Goods and Eyecare UK report done in February by Mintel. Total consumer spending on these products went down to £2.65 billion (€2.98bn-$4.01bn). At current prices, this was an increase of 17 percent from ...
