Latest Headlines – Page 157
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Fgx International Had A Good Quarter
went up by 10 percent to $59.1 million in the third quarter ended Oct. 4 for FGX International, the U.S.-based supplier of non-prescription reading glasses and sunglasses. The company's net income was $3.9 million, up from the break-even point a year ago. Earnings before interest, taxes, depreciation and amortization (EBITDA) ...
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Drop In Sales Still Leaves Orange 21 Afloat
For the third quarter ended Sept. 30, Orange 21's sales fell by 8.6 percent to $12.0 million. However, compared to a $58,000 loss for the same period last year, the company did well, recording a slim net income of $6,000. The gross margin shrank by 0.6 percentage points ...
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Oliver Goldsmith Takes On Water Buffalo Horn
The well-known British brand of eyewear has brought out a high-end collection of sunglasses in collaboration with Hoffmann Natural Eyewear, one of several specialist German producers of spectacles from the Eifel region that use horn made from water buffalo, mostly raised in India. The new line, which was shown ...
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Chinese Manufacturers Want To Develop Their Brands More Than Ever
The 10th Optical Fair held in Hong Kong featured over 520 exhibitors from 24 countries. Despite the economic slowdown, many of the exhibitors said the eyewear industry will be largely unaffected because, unlike the downfall of the toy industry, glasses will always be in demand. Hong Kong is currently ...
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Views Are Collected On Contact Lens Sales
Euromcontact and other interest groups in the European contact lens sector have formed a so-called European Contact Lens Forum (ECLF) to collect the views of eye doctors, opticians and optometrists on the conditions under which contact lenses should be sold. The action is intended to support efforts to regulate their ...
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Transitions Launches Initiative For Healthy Sight
SILMO in Paris was the site of the launch of the Healthy Sight Institute by Transitions Optical. The institute is intended to be an educational resource for health and vision care professionals for the purpose of preserving good vision. More than 25 leading health and eye care professionals are on ...
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Flat Attendance At Silmo And Some More Fuss Over The Golden Silmo Awards
SILMO, the trade show held in Paris from Oct. 29 to Nov. 2, drew 150 new exhibitors and 42,234 visitors, about as many as organizers expected. The total number of attendees was almost flat as compared to 2007, with only 435 fewer visitors this year. Fifty-two percent came from abroad. ...
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Luxottica Cuts 2008 Guidance
In releasing its results for the third quarter yesterday, Luxottica cut its projections for 2008 drastically in light of a soft and uncertain business environment predicted for the last three months of the year. It now expects earnings per share (EPS) to be €0.96-0.98 compared with the previous forecast of ...
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Oakley's Quarterly Sales Rise By 16%
Oakley's third quarter sales rose by 16 percent in dollar terms during the third quarter, with both its optics and apparel, footwear and accessories (AFA) divisions enjoying double-digit growth. Luxottica did not release a precise sales figure for the brand, however. The brand enjoyed significant double-digit growth in the ...
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De Rigo Is Concerned About 2009
De Rigo will close 2008 with a slight drop in consolidated revenues, due mainly to the poor performance of its retail operations. Prospects for 2009 are uncertain. The first half is the immediate cause for concern, given the recession announced in all sectors. The effects of the financial crisis on ...
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Essilor Braves The Downward Trend
The mounting economic crisis doesn't seem to be affecting Essilor. The world's largest producer of ophthalmic lenses ended the first nine months of this year with a 5.4 percent increase in consolidated sales on a comparable basis, leading investors to raise the company's stock market price by 14.2 percent on ...
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Joint Venture For Logistics Between Two North Italian Groups
Two buying groups in Northern Italy, OA Group headquartered in Genoa and Opto In of Verona, have set up a joint venture, Centrale della Filiera Ottica, to consolidate their respective technical services and logistics. These two sectors are of particular strategic importance to the two groups, as technical services and ...
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Fabris Lane Looks For New Financial Partners And Acquisitions
Fabris Lane, which claims to be still the biggest supplier of medium-priced sunglasses in the U.K., has appointed PricewaterhouseCoopers to identify new options for growth, including an acquisition or the entry of a new shareholder, most likely an institutional investor. Since the British company continues to see most of its ...
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Bushnell Names New President, Buys Spanish Distributor
Blake Lipham, who joined Bushnell Outdoor Products as chief financial officer last year, is adding the title of president. The company also announced the nomination of a new chairman, Robert L. Caulk, who will serve as a key adviser to Lipham and other senior corporate officers of the company including ...
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Rudy Project Links Up With Shamir
Rudy Project has signed an agreement with Shamir Optical Industry to produce a brand-new line of ImpactRX photochromic prescription sunglasses with anti-reflection coatings. The Italian firm's new high-tech line, which will make use of NXT lenses by Intercast/PPG, carries a lifetime guarantee. For the new ImpactRX models proposed by ...
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Julbo Benefits From Shutdown Of Cebe
Celebrating its 120th anniversary, Julbo is launching a new nature-inspired marketing campaign around the tagline «The world needs your vision.» It is also setting up a charity that will donate a portion of the proceeds from the orders received at SILMO to mountain guides, fishermen, children and other persons in ...
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French Ban On Online Sales May Be Lifted As The Market Slows Down
The growth of the French optical market slowed down to an estimated 1 percent in the first nine months of this year, reports GIFO, the French optical industry association. The trend is particularly worrisome for traditional French opticians as they are facing new threats from the e-commerce segment. The ...
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Executive Movement At Novartis After Good Quarter
The board of Novartis has created the new position of chief operating officer and appointed Jörg Reinhardt to fill it. Reinhardt was previously the head of vaccines and diagnostics at the company. In addition, the former head of pharmaceuticals who then moved to consumer health, Thomas Ebeling, is leaving the ...
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Alcon Defies Economy With Gains In Sales, Earnings
Sales at Alcon were up by 14.1 percent to $1,524.6 million for the third quarter; it would have been a 10.3 percent increase in constant currencies. Net earnings grew by 51 percent to $627.1 million, which included a tax benefit of $239.5 million. Sales outside the USA rose by ...
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Many Events Are Taking Place At Silmo
Making up for the departure of Bushnell and several Italian companies such as Safilo, De Rigo and Marcolin, the French show and some of its 1,000-odd loyal exhibitors are organizing a variety of new services, amenities and events in the next few days besides the usual Golden SILMO Awards on ...
