Latest Headlines – Page 152
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Italian Opticians See Sales Decling
Fashion Magazine has surveyed the ways in which the economic crisis has been affecting Italian opticians. Half of the Italian opticians polled by this magazine before the Mido show of last March expected to see a dip in they sales in 2009 and 72 percent intended to reduce their orders ...
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Brulimar Faring Well In Troubled Times
Brulimar made a turnover of £6.2 million (€7.3m-$10.1m) in 2008, up by nearly 40 percent, and the British company expects to post an increase in sales of around 10 percent in 2009. Business this year is being boosted by Brulimar's five-year pan-European license with Lee Cooper to make and distribute ...
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Saf Ottica Puts Its Money Into Nickel-titanium
Saf Ottica is a good example of a small company in Italy's Cadore district that has found a recession-proof strategy. With annual sales of €2 million, Saf is investing in technology and research, rather than advertising and promotion, with the result that it can be sure of generating its €2 ...
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Mazzucchelli Has A New Office In New York
Mazzucchelli 1849 has set up an eyewear development office in New York, and the initiative has turned out to be quite useful so far. Located in the trendy SoHo district of Manhattan, the showroom displays the complete range of products of the three component suppliers that belong to the Italian ...
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Italian Fashion Sector Calls On European Parliament
Italian employers' associations and trade unions representing the Italian textile, clothing, tanning, leather, footwear and eyewear sectors called on the newly elected European Parliament to form a bipartisan working group to defend their industries. Together they have an annual turnover of about €70 billion, of which €38 billion is exported, ...
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Fielmann Gains More Market Share
Fielmann has been performing better than its peers so far this year, reporting increases for the first quarter in its external sales, up by 3.5 percent to €267.9 million, and in consolidated revenues, up by 3.7 percent to €226.4 million. The German leading optical retail chain also raised ...
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Luxottica Sees Market Stabilizing
The world's largest eyewear group believes that the market may be stabilizing after experiencing deteriorated trading conditions between September and February. Meanwhile, Luxottica surprised financial analysts with a relatively strong set of first-quarter results that beat their expectations and pushed the share price up by more than 10 percent last ...
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Safilo Takes Time To Find A Partner
Safilo's search for a partner to pull it out of a financial rut is expected to drag on until the beginning of the summer, but its first-quarter results showed that the dark storm cloud hovering over Safilo has some silver linings as the company improves efficiencies. ...
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New General Manager For Pearle Europe
Gert van de Weerdhof has been promoted to be the new chief executive of Pearle Europe, with effect from May 1. The 43-year-old Dutchman worked at Proctor & Gamble and at Pepsico before joining Pearle in 2004, recently acting as one of its vice presidents. He has taken the ...
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Hal Holding Breaks Down Figures For Pearle Europe, Grandvision
HAL Holding has already reported that its optical retail sales increased by 7.3 percent to €1,977 million in 2008 (see last issue), but now it has specified its figures for its Pearle Europe and GrandVision businesses. Pearle Europe recorded a 6.2 percent increase in revenues to €1,102 million on ...
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Optic 2000 Privileges Profit Over Sales
Optic 2000 says it wants to work with fewer suppliers on a more limited number of SKUs, in order to improve the inventory turns of its retail members. Among its numerous other services, the French buying group is also setting up an original e-learning platform that allows it to conduct ...
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Cecop Wins Over British Opticians
The international Spanish-based buying group, which entered the British market at the beginning of 2008, now has nearly 60 associated retailers in the country, and it is following up on many inquiries received by visitors at last month's Optrafair show in Birmingham, where it had its own stand. Prospective ...
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Vision Service, Stores Are Revamped Under The Visionottica Banner
Italy's largest buying group ? Vision Service, which has a total of 853 stores ? has begun a major €2 million renovation job to make the group's outlets more attractive to the consumer. Along with improvements in design, materials, IT systems and promotional material, the heart of the operation is ...
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Perdomi Is Promoted To Vice President Of Salmoiraghi & Vigano
Riccardo Perdomi, general manager and chief executive of Salmoiraghi & Viganò, has left these functions to take up the position of vice president of the group at the request of the president and owner of the company, Dino Tabacchi. The CEO function has been abolished and Franca Dallara, former CEO ...
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Bushnell Buys The Cebe Brand
Marcolin has agreed to sell its Cébé brand to Bushnell Outdoor Products, complementing its Bollé and Serengeti lines of eyewear. Bushnell says the acquisition will allow the American company to differentiate its product lines and its distribution channels with a brand that is well known in the areas of snow ...
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Marcolin's Sales And Profits Fall
Marcolin closed the first quarter with a 6.5 percent drop in sales to €52.3 million. The weaker top line outside Italy affected operating profits, which were also hit by the company's decision to apply a more aggressive commercial policy in terms of discounts and to continue investing. At constant ...
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Change Of Ownership For Alain Mikli
As indicated in the last issue of EWI, an equity fund has acquired a major share in the French eyewear design company alongside Dominique Alba, the former general manager and part owner of Logo. It's a London-based investment fund, Neo Capital, that has been involved until now in food, high ...
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Opal Buys Licenses From Simop
Opal becomes a bigger player in the French market for children's eyewear ? perhaps even the biggest one in Europe ? through its acquisition of the four children's and teenager's licenses of Simop, another company based in Lyon. The brands are Catimini, Daniel Hechter, Oxbow and Tartine & Chocolat. ...
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Elite Goes Under, Intersol Is Salvaged
Elite, the Italian eyewear manufacturer established in 1998 to produce private labels for chains such as Randazzo, has gone into administration following a hearing in the court of the city of Treviso. For the company's 35 employees the decision came as a relief, as they will now be made officially ...
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Essilor's Turnover Grows By 10.3% For The Quarter
Essilor International reported consolidated revenues of €840.4 million for the three months ended March 31, representing increases of 10.3 percent in euros and 5.4 percent in local currencies. Excluding acquisitions, sales were down by 1 percent on a comparable basis, and the company credited this decline mainly to its instruments ...
