Latest Headlines – Page 148
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Marcolin Records Declines Everywhere Except At Home
For the first nine months of 2009, Marcolin suffered a 7.5 percent drop in revenues to €130.9 million. This was a 9.5 percent drop on a currency-neutral basis. Ebitda (operating profit before amortization) fell by 45.0 percent to €8.2 million, and Ebit (operating profit before interest and tax) plunged by ...
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Visibilia Gmbh's Tom Tailor License Runs Until 2014
Visibilia Spa is still in the process of resolving its recent liquidity crisis. Activity continues to fall, with half the company's Italian workforce currently benefiting from temporary layoffs under the terms of Italy's protection system. However, company officials point out that two other companies owned by the same shareholders in ...
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Logo Signs A New Children's License
Logo has signed a manufacturing and distribution license for the Barbapapa brand name for children's frames. Since the corresponding French family of cartoon characters was launched in 1974, the colorful, imaginary universe of Barbamama, Barbabelle, Barbotine and Barbouille has attracted legions of fans through television, books and objects. Logo's first ...
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Fgx Has Strong Increases In Sales And Profits
FGX International has turned in strong performance for its third quarter, reporting a 14 percent increase in sales to $60.6 million. Income from continuing operations for the period, ended Oct. 3, jumped by 113 percent to $6.8 million, and Ebitda (operating profit before amortization) from continuing operations rose by 49 ...
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Hoya Vision Care Reports Better Margins And Better Sales In Europe And Asia
The company has set up a new subsidiary in Vienna, Hoya Lens Österreich, with its own sales force and its customer service team, supervised by Martin Decker. It has started to take care of the Austrian market, which was previously handled directly from Germany. The vision care division of ...
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Fedon Trims Operations, Goes Online
One of the world's major players in the realm of eyewear cases and accessories, Fedon, has inevitably been hit by the difficulties currently encountered by the major eyewear producers that make up the bulk of its clientele, Safilo included. The company's management consequently introduced a number of drastic measures in ...
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Small Gain For Ecca Despite A Comp Decline In The Third Quarter
Eye Care Centers of America had a 1.3 percent increase in sales to $136.1 million in the third quarter ended Oct. 3, but comparable store sales fell by 2 percent and net income dropped by 34.1 percent to $5.4 million. Revenues from the managed-vision segment grew by 11.7 percent. ...
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Emerging Vision Posts Lower Sales
Emerging Vision saw a 13.2 percent drop in total revenues to $16.6 million for the third quarter ended Sept. 30, and it ended with a net loss of $637,000 against net income of $219,000 for the same period last year. The optical purchasing group division of the American ...
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Ioft Is Still Bringing In New Visitors
A record 507 exhibitors showed at the International Optical Fair Tokyo held Oct. 27-29, a 2.8 percent increase over the 2008 edition. In addition, 15,868 buyers went to the Japanese show, just slightly over the figure last year, along with 122 executives from top eyewear retail stores in China, Taiwan ...
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Hong Kong's Eyewear Imports Have Gone Down By One Full Quarter
In the first nine months of this year Hong Kong reduced by one-quarter ? precisely 24.36 percent ? its imports of optical products from its various supplier countries. The phenomenon is part of a wider negative situation affecting Asia in general, the result being an overall fall in imports of ...
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Luxottica Sees Sales, Profitability Rising In 2010
Luxottica is upbeat about 2010, forecasting a significant boost in profitability on sales growth of about 5 percent. As the business environment in the U.S. is still likely to be uncertain, affecting the performance of its retail operations, next year's growth is expected to be generated largely by the wholesale ...
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Safilo's Future Remains Uncertain Despite Hal's Bid
Hal Holding, the investment company that controls GrandVision and Pearle Europe, has reached a binding agreement with Safilo and its main shareholder to acquire a large minority stake of between 37.23 and 49.99 percent in the troubled Italian eyewear company and to take over all of its stores except those ...
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Visibilia Is Looking For Investors To Improve Its Cash Flow
Visibilia has a serious cash flow problem. The banks have suspended the company's credit lines, asking its chairman, Dan Levi, to produce a new business plan. The banks are currently examining the new plan provided by Levi, and have not yet issued their verdict. In recent weeks Levi has been ...
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Italian Mass Market Retailer Adds Optical Shops
Conad, Italy's second-largest mass market retailer with sales of €8.8 billion in 2008, plans to open nine optical stores in its supermarkets and hypermarkets by the end of the year. The group claims it will carry the main eyewear brands at prices that will be on average 30 percent lower ...
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Essilor Resumes Organic Growth
For the third quarter ended Sept. 30, Essilor International has reported a 6.3 percent increase in consolidated revenues to €805.1 million, with 5.6 percentage points stemming from new acquisitions and 0.5 percentage points from changes in currencies. There was an increase of 0.1 percent on a currency-neutral basis and excluding ...
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Fgx Buys N.Y.-Based Corinne Mccormack
FGX International has bought Corinne McCormack (CMI) for $1.45 million in cash. FGX's chief executive, Alec Taylor, said the acquisition would help FGX penetrate the higher-end channels, and that his company could help CMI expand in the market for designer reading glasses. The purchase also includes a related e-commerce company, ...
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Fast-growing Ocuco Sees Revenues Soar
Ocuco saw a stunning increase of 74 percent in its sales for the year ended in August 2009, rising to €8.4 million. Out of the total increase, €2.5 million was organic, and €1.1 million was attributable to the acquisition of ASPE in France. U.K. revenues grew by 59 percent to ...
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Sports Up And Safety Down At Uvex
In its fiscal year ended last July 31, the Uvex group had sales down by 6 percent to €290 million. While the sports division performed splendidly, the safety division was heavily impacted by the global financial crisis. Overall, 50 percent of the sales were done in the domestic German market ...
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Gloryfy Prefers Sports Stores In Italy
In Italy, the sports glasses and ski goggles by the Austrian Gloryfy brand are only available in Italy in sporting goods stores, whereas in Austria, Switzerland and Germany they are also sold in optical stores. The brand is distributed in Italy by Oberalp, a large group that distributes many other ...
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Salice Boasts 7% Of The Global Market For Ski Goggles
The Italian company claims to have reached 7 percent of the international market for ski goggles this year. Established 90 years ago on the banks of Lake Como, Salice exports 60 percent of its production, which amounts to 100,000 pairs of sports eyewear a year and is carried out at ...
