Latest Headlines – Page 145
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Brulimar Proposes Sub-licenses In Italy, France And Germany
At the recent edition of the Mido show, Brulimar had some success in its search for commercial partners in other markets, to whom it is offering what it calls a «sub-license» for some of its brands. The nature of this sub-license leaves the partner with considerable freedom to manage distribution. ...
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Seiko Earns Less
Seiko reports an increase of 62.1 percent to ¥287 million (€2.3m-$3.1m) in the operating losses of its optical products business for the third quarter ended last Dec. 31, as its sales declined by 10.4 percent to ¥18.2 billion (€144.6m-$195.0m). The higher losses were attributed to poor sales in Japan and ...
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Thai Optical Boosts Capacity - After An Investment By Specsavers
Thai Optical Group has inaugurated a new 6,000-square-meter building and reorganized its production lines in order to raise its lens manufacturing capacity by about 20 percent, in tune with the increase in its incoming orders. Most of the additional capacity is going to be for mass production, but the ...
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More Partnerships For Intercast Europe
Intercast Europe, known for its Trivex-based NXT lenses, is about to report on a major new partnership, similar to the one announced with Julbo and Shamir at the Mido show in Milan (see the previous issue of EWI). Meanwhile, the Italian company has announced a new client, Yuka, and reported ...
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Orange 21 Is No Longer Trading On Nasdaq
Orange 21 is being removed from the Nasdaq stock market after failing to comply with its rules. Last September, the watchdog authority of this American stock exchange warned the parent company of Spy Optic that its share price had been trading below $1 for 30 days in a row, and ...
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Made In Italy Label Splits Producers In The Cadore Region
The debate over the «made in Italy» label and the legislation that should protect it have split Sipao members in Italy's Cadore region. The local association of eyewear producers is now divided between the so-called «purists,» who want the Italian label of origin to be reserved for products made entirely ...
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Previously Settled, The Eschenbach-optigen Dispute Goes On Italian Tv
Channel 5 of the Italian television network has agreed to make a public declaration in favor of Eschenbach Optik after airing a program pointing to Italy's Optigen as the only company to have developed a reliable technology for the manufacture of flexible shape-retention titanium frames. The controversy was ...
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Mido Confirms The Recovery Of The Industry
The organizers of Mido are happy with attendance figures as they remained largely stable as compared to last year with 42,000 visitors to the Milan show, which celebrated its 40th anniversary last week. There was a 5.5 percent increase in visitors from outside Italy. On the first day, Friday, attendance ...
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U.S. Anti-trust Authorities Lead Transitions To Change Its Practices
Transitions Optical announced that it reached a preliminary agreement with the U.S. Federal Trade Commission (FTC) on March 2 that will lead the company to change some of its business practices for the sale of photochromic lenses, coatings and other products in the U.S., notably regarding some of its exclusive ...
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An Optimistic Essilor Will Expand In The Medium Segment With Signet Armorlite
While sanctioning Transitions Optical, which is jointly owned by Essilor and PPG Industries, the U.S. Federal Trade Commission gave earlier this week its long-awaited approval to Essilor's acquisition of Signet Armorlite, a U.S. company that brings with it some important patents and an annual volume of about 10 million lenses. ...
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Fgx Posts Good Results
FGX International has reported a 5 percent sales increase to $64.7 million for the fourth quarter ended Jan. 2, while income from continuing operations grew by 9 percent to $7.5 million. Adjusted to exclude $1.9 million in transaction costs related to the company's merger with a subsidiary of Essilor, the ...
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Bbgr Re-launches Galileo In Italy
Named after the famous Italian astronomer, Galileo is a magic name in the Italian eyewear sector, still enjoying an assisted notoriety rate of 59 percent. Founded by an astronomer in Florence in 1836, the company bearing this name had market share of almost 40 percent in the Italian ophthalmic lens ...
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Luxottica Sees 2010 Sales Up Around 5% On A Same-store Basis
Luxottica expects sales to post a «mid-single digit» increase in 2010, while operating income will enjoy twice the growth pace of revenues and net profits will rise three times faster. The forecasts are based on constant exchange rates and excluding non-recurrent items. Growth will be patchy, with Western economies showing ...
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Safilo's Capital Hike Is 81.87 Percent Subscribed
The Hal Holding group bought 388.7 million newly issued shares of Safilo for a total €118.1 million during Safilo's €250 million previously reported rights issue, which ended on Feb. 26. The issue was 81.87 percent subscribed, raising a total of €204.7 million, and financial analysts are upbeat about the company's ...
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De Rigo Sees 2010 Wholesale Revenues Returning To 2008 The Level
Last year, De Rigo experienced a 10 percent dip in wholesale revenues to €160 million due the economic crisis and adverse currency fluctuations, but aims to return to the 2008 level of €178 million as soon as this year. The group's retail revenues were only slightly lower on ...
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Charmant Gets The Trussardi Licenses Previously Held By Visibilia
Charmant has announced a global licensing agreement for the production and distribution of prescription frames and sunglasses under the Tru Trussardi and Trussardi 1911 brand names. The Italian fashion house plans to show Charmant's first styles during the Italian men's fashion week in June. The Japanese company will present a ...
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Indo Improves Margins In Spite Of A Big Drop In Revenues
Indo Internacional has reported a 21.9 percent drop in its turnover to €92.8 million for the 2009 financial year, but it managed to post an operating profit of €7.7 million before amortization and depreciation (Ebitda), compared with an Ebitda loss of €2.4 million in the previous year. Thanks in part ...
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Eyes And More Takes Over Mister Optik's Italian Store Network
A Dutch-based low-cost optical retailer, Eyes and More, is taking over the store network of an Italian peer, Mister Optik, for about for about €10 million. The Dutch company, which has also a store in Belgium and 32 franchised stores in Germany, has retained Matteo Sorrentino as its general manager, ...
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Italian Eyewear Companies Saw Their Sales Drop By 13.3% In 2009
The revenues of the Italian eyewear industry collapsed by 13.3 percent to €2.251 billion in 2009, mainly because of the economic crisis. The number of workers in the industry shrank to 16,600 from 17,500 in 2008 and the number of companies fell to 950 from 1,005. Exports decreased ...
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Julbo Collaborates With Intercast And Shamir On Special Sunglasses
Julbo is launching its first line of corrective sports and sunglasses in a partnership with Intercast Europe and the surfacing laboratory of Shamir in Portugal. Launched at the Mido show in Milan last week, the line uses Intercast's latest line of shock-absorbing NXT lenses with photochromic and other properties. They ...
