Latest Headlines – Page 156
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Presbyopia Survey Studies Condition Worldwide
An article in December's Archives of Ophthalmology reports that 1.04 billion people in the world had presbyopia in 2005, and the conditions of 410 million were so bad they prevented them from performing tasks requiring near vision. Of the latter, 94 percent lived in undeveloped countries. The researchers, Brien ...
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Ppg's Total Sales Are Up, With Optical Products Performing Fine
The total revenues of PPG Industries increased by 4 percent to $3.2 billion for the fourth quarter, but those of its optical and specialty materials unit were down by 2 percent to $239 million. The optical business alone, which includes optical monomers and Transitions Optical, had a mid-single-digit increase in ...
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Sauflon Offers Help For Independents
Sauflon has started a new program to help independent British eye care professionals to survive during the recession. The program is intended to generate repeat business, and includes promoting the company's ?protector plan,? which allows practitioners to have a range of contact lenses and solutions delivered to their establishments or ...
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Coopervision Improves Margins Sharply, Grows Faster Than The Market
The fourth quarter ended on Oct. 31 went relatively well for the Cooper Companies, which turned around to a net profit of $29.5 million from a loss of $24.2 million in the same period a year ago, following the elimination of a number of extraordinary charges. Revenues went up by ...
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Silmo And Mido Sign An Armistice In The Trade Show War
The revised calendar of the two major European eyewear fairs has triggered a tricky situation: without clashing completely, the French and Italian fairs were scheduled to follow closely one after the other. SILMO has been brought forward from the end of October to the week of Sept. 17-20, which put ...
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Fedon Closes One Of Its Italian Plants
Fedon has closed its original manufacturing plant in Valsella in the Cadore region. The company's head office, where 60 employees look after the firm's commercial and administrative affairs, remains operational on the Valsella site, along with the facilities where the collections for the 1919 desktop leathergoods range are produced. All ...
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Sales Up, Net Income Down For Shamir
Shamir Optical Industry saw a 16.8 percent increase in its third-quarter revenues to $36.1 million, and gross profit went up by 17.5 percent to $19.0 million, but the company nonetheless had a decline in operating income and net income for the period, ended Sept. 30. The operating income ...
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Fall In Lens Unit Echos Fall At Gerber Scientific
Gerber Scientific reports a sales decrease of 4.3 percent to $153.8 million for the second quarter ended Oct. 31, which was a 3.4 percent drop in constant currencies. The total included $2.4 million from acquired companies. Net income rose by 144 percent to $6.1 million compared with the same period ...
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Safilo Brings Back Former Ceo As Financial Situation Worsens
In another turn of its revolving doors, Safilo has announced the appointment of a new chief executive, the third in less than six months, as its financial situation worsens. The group posted a net loss of €6.7 million in the third quarter and was forced to give out a profit ...
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Fielmann Keeps On Improving
External sales grew by 8.0 percent to €270.0 million for the third quarter while consolidated sales rose by 7.4 percent to €230.8 million. This resulted in pre-tax profits that were 25.3 percent higher than last year at €47.1 million, and profit after tax of €33.0 million, 46.0 percent above the ...
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Vision Service Enters The B2 Vision Multimedia Platform
Vision Service Group, Italy's largest optical buying group with 885 members, has acquired a stake in the B2 Vision multimedia group, which among other activities manages the online newsletter for the members of B2Eyes. The multimedia group was founded last year by Fabiano Editore and Whydotcom, an internet company specializing ...
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Rose-tinted Results For Ecca
Economic woes haven't yet hit Eye Care Centers of America, which reported increases in net income, net sales and sales on a comparable store basis for the third quarter ended on Sept. 29. Net revenues for the American optical retail chain grew by 9.4 percent to $134.4 million, and comparable ...
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Hoya Sees Higher Operating Margins On Shrinking Vision Care Sales
The vision care division of Hoya Corp. improved its operating margin to 21.2 percent in the three months ended Sept. 30, compared with 18.1 percent in the same second quarter one year ago, despite a 3.4 percent sales decline to ¥30.3 billion (€248.4m-$313.7m). Sales in this segment were off ...
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Carl Zeiss Vision Eyes Campaign After 5.9% Rise In Sales
Carl Zeiss Vision raised its sales by 5.9 percent in the financial year ended Sept. 30, according to company officials. No figures could be obtained about the profitability of the company, which includes the former SOLA and American Optical operations and is 50 percent owned by the Carl Zeiss group ...
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Zeiss Expands Its Indian Partner's Role
GKB Hi-Tech Lenses, which has done an excellent job as Carl Zeiss Vision's partner in India, has formed a new company, Carl Zeiss Vision Middle East, to optimize the already strong presence of the Zeiss brand throughout the Middle East and North Africa. The move follows an increase in Zeiss' ...
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Satisloh Wants To Work With Essilor's Competitors
The new management of Satisloh is going to great pains to assure customers that it will keep information on their new projects secret like before, although it is now a subsidiary of Essilor. The new chief executive of the Swiss company, Andreas Kunzmann, and its president, Beat Siegrist, who is ...
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Marcolin Books Quarterly Loss But Is Optimistic About Full Year
Marcolin closed the third quarter with a gross operating loss (EBITDA) of €1.3 million compared with a €0.3 million profit a year earlier, due to write-downs on obsolete goods, but managed to book a sharp increase in revenues. The company remains confident it will perform well in the last quarter ...
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Under New Owners, Logo Takes Over The Distribution In Italy
Recently under new ownership and management, Logo has started to make new investments to help reach the goal of doubling sales in four years' time. One concrete move in this direction should be the planned establishment by next Jan. 1 of a sales subsidiary in Italy in which the Vecchia ...
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Mikli Is Segmenting Its Product Range
Alain Mikli, whose company is celebrating its 30th anniversary, is sustaining its continuous growth with a more diversified product range, coupled with a more selective distribution policy and the expansion of its store network. Its total sales are expected to reach €170 million this year, up from €134 million in ...
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Inottica Has Three New Brands From The World Of Children's Toys
Inottica, an Italian company that specializes in eyewear for children up to 15 years of age, has three new licenses. The new license agreements ? Hello Kitty, Transformers and Winx ? have been signed two or three years, each one concerning different geographical regions. Winx covers Italy, France, Spain, Portugal, ...
