Latest Headlines – Page 159
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Indo Becomes An Equipment Leader Through A Merger With Buchmann
Only a few weeks after the momentous announcement of Essilor International's acquisition of Satisloh, which will turn the French company into the largest provider of equipment in the ophthalmic sector, including those used by lens processing laboratories, Spain's INDO Internacional signed a letter of intent with Buchmann Optical Holding of ...
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Multiòpticas Forms A New Spanish Company To Diversify At Home And Internationally
Almost of all of the 200-odd optical retailers affiliated with the Spanish Multiòpticas consortium have decided to form a new limited partnership, NewCo Holding Optics S.L., intended to speed up the development of new optical, sunglass and hearing aids stores in Spain as well as abroad. They feel that such ...
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Growing Marchon Examines Strategic Options
The world's third largest supplier of ophthalmic frames and sunglasses continues to grow faster than the market. Aided in part by the weakness of the dollar, which boosted its revenues from Europe, Marchon raised its sales by over 15 percent in the first half of 2008, and the management hopes ...
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Silmo Moves To The Second Half Of September
As we had predicted in a previous issue of EyeWear Intelligence, the Paris fair will no longer be held in October from next year on. After intense negotiations with the management of the fairgrounds, which led to changes of dates for a dozen other smaller fairs, the organizers of SILMO ...
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Slower Growth At Essilor
The growth of Essilor International slowed down in the 2nd quarter ended June 30, leading to an 8.39 percent drop in the share price on the day it published its sales results for the first half of the year. On a comparable basis, excluding the effect of acquisitions and changes ...
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Synergies From Oakley Should Help Luxottica To Reach Its Profit Targets
Operating synergies from the tie-up with Oakley are estimated to have been €5 million in the second quarter and are projected at €6 million in the third one and €7 million in the last quarter of this year. Luxottica said that with Oakley it has increased its negotiating power, and ...
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Gatto Astucci Merges With Another Company Involved In Cosmetics
Gatto Astucci, the leading Italian producer of eyewear cases headquartered in Domegge di Cadore, is part of a group by the same name that includes a producer of retail display equipment for optical stores, Gatto Display. The company has now merged with Sarno, another Italian producer of display cases and ...
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Agency Orders Revamp Of Boots Advertisement
Boots Opticians has come under fire from the U.K.'s Advertising Standards Agency for a voucher that the agency said misled customers into thinking that an eye exam would have no up-front costs for them. The leaflet, which said, «Free eye examination, or we'll refund the cost of your examination by ...
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Fabris Lane Builds Up Its Optical Business
Targeting independent retailers in the U.K., Fabris Lane, which has been the largest supplier of sunglasses in the country, has set up a full-fledged ophthalmic frame division, launching three new lines and appointing a new dedicated sales manager, Andy Brown. Bown joined the group last January, after spending almost ...
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British Optical Market Is Hitting Limits, Says Mintel
The market research group Mintel has come out with a report, «Optical Goods and Eyecare,» warning the industry in the U.K. that the boom of the past few years is nearing an end. The 20 percent growth the market has seen in the past five years is likely to drop ...
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Essilor Buys Satisloh
Essilor has signed a deal to acquire Satisloh, the largest supplier of lens coating and digital surfacing equipment in the world, with market shares of more than 40 percent in both areas. It has agreed to buy this debt-free subsidiary of the Swiss Schweiter Technologies group for €340 million in ...
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Hubert Sagnieres Is Designated De Facto As Essilor's Future Chief
Hubert Sagnières, 53, is expected to take the place of Xavier Fontanet, who will be 60 years old next Sept. 9, when he retires as chairman and chief executive of Essilor, possibly within two or three years' time. He is already set to replace one year from now the present ...
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Hal Acquires +Vision
HAL Holding has bought 100 percent of the shares of the Spanish MasVision Group, which owns 15 optical retail stores operating under the +Vision banner and has a network of 320 franchised stores. The company, which has 150 employees, will be integrated with the operations of GrandOptical in Spain, forming ...
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Slow Market Takes Toll On Italian Jobs
The slowdown on the international market is impacting jobs in the Italian eyewear industry. Major players such as De Rigo, Marcolin and Allison have managed to maintain their domestic workforce so far, but Luxottica and Safilo have resorted to relatively drastic measures as a result of falling margins and turnover ...
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The Tabacchi Family Tightens Its Grip On Safilo
Safilo has appointed Massimiliano Tabacchi, a member of the family that controls the company, as its sole chief executive after sharing the responsibility with Claudio Gottardi, who was shuttling all the time back and forth between the USA and Europe. Gottardi, who became joint CEO together with Massimiliano in July ...
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New Structures For Allison
With the arrival of Antonio Bortuzzo at the head of Allison late last year, the company has initiated a new development strategy based on a business model that he already tested out as general manager of Marcolin to cope with the sudden loss of the Dolce & Gabbana license, which ...
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Highmark Sees New Leaders
David Holmberg has been named president and chief executive officer of the parent company of the Eye Care Centers of America, HVHC, which is a unit of Highmark. He will continue to serve as president and CEO of ECCA as well. HVHC is also the parent company of Viva ...
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Sunglass Hut Enters Thailand
Sunglass Hut International has reached a franchising agreement with Diethelm Keller to open the first round of 15 Sunglass Hut stores in Thailand. Financial terms were not released. The deal strengthens Luxottica's position in Southeast Asia, an area where it sees high potential growth for the sun retail business that ...
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Dragon Breaks Off From Luxottica
Dragon, the American supplier of sunglasses, owned by Luxottica since the larger company bought Oakley in 2007, has emancipated itself and is going private. Started in the California garage of its founder, Will Howard, more than 13 years ago, Dragon specializes in surf, snow and motocross eyewear, selling in 35 ...
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Optic 2000 Launches ?Loyalty' Readers
The leading French optical retail chain is attracting new first-time customers by offering two pairs of sophisticated ?custom-fit ready-to-wear? readers that can be partially refunded after a period of 12 to 15 months if one of them is exchanged with a pair of real spectacles bought from the same optician. ...
