Latest Headlines – Page 160
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Vision-ease Eyes Acquisitions
The shareholders of the American companies have decided against selling the company or floating it on the stock exchange after a major increase in its turnover last year to about $150 million, compared with less than $115 million in 2005, with operating profit before amortization and depreciation (EBITDA) hitting a ...
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Transitions Sees Some Movements In Its Top Echelons
Transitions Optical has made several management changes in its global group to strengthen the brand outside the USA. Bette Zaret has been promoted to senior vice president for global marketing, where she will spearhead all international marketing strategies, including leading brand communication and creating public service initiatives. She was previously ...
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New Ppg-nxt Technology For Prescription Sun Lenses
PPG and Intercast have come up with a new sun lens technology that allows Trivex ophthalmic lenses produced by PPG to be combined with NXT color processing techniques developed by Intercast, the Italian optical technology firm acquired in 2006 by PPG. The system allows the optical laboratories to apply the ...
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Shamir's Quarter Is All Positive
The first quarter ended March 31 was full of good news for Shamir Optical Industry. The Israel-based company's net sales jumped by 29.5 percent to $38.0 million, and the gross profit margin was up by 2.2 percentage points to 54.7 percent of sales. The net income for the ...
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Coopervision Expects Positive Cash Flow In Recession-resistant Market
The global market for contact lenses is proving to be ?recession-resistant,? according to the management of CooperVision, whose results are improving from several points of view. According to independent market research data cited by CooperVision (CVI), the market for soft contact lenses grew by 7 percent to $1.37 billion in ...
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Three Brands Help Carry Signature Eyewear Through
Signature Eyewear has been doing a little better since the beginning of its fiscal year last November, allowing the American company to reduce its debt by $193,000 and to increase its equity by $429,000 to $629,000 in the first six months of its fiscal year, ended last April 30. ...
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Mido Revolution Sends Out Shock Waves
MIDO's ?revolutionary? moves in terms of dates and events is leading many companies to reassess their participation in various trade shows. Following the example of Safilo last fall, Allison and De Rigo, two other big Italian companies that have been renting a lot of space at the SILMO fair in ...
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Salmoiraghi Joins Forces With Angiolucci In Sicily
Salmoiraghi & Viganò, the Italian optical retail chain owned by Dino Tabacchi, has indirectly acquired a controlling stake in one of the three major Sicilian chains, Angiolucci Lunettes 1948. The Salmoiraghi group, which is already the largest optical retailer in Italy, will have a 51 percent share in a new ...
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Hal Acquires An English Chain And Enters Chile
HAL Holding announced yesterday an agreement to acquire an 88 percent controlling interest in Rotter y Krauss, which is described as the leading optical retail chain in Chile by far. With sales of approximately €32 million in 2007 and 600 employees, it operates 43 directly owned stores and 89 optical ...
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De Rigo Had Some Problems In The Uk But The Rest Of Its Business Is O.K.
Direct, licensed and franchised sales increased by 5.1 percent to €662.7 million at De Rigo in 2007. Consolidated revenues went up by 4.6 percent to €582.2 million, but the wholesale business went much better than the company's retail operations. While General Optica continued to perform well in Spain, with 228 ...
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Safilo's First-quarter Sales Gets Hurt By Weak Dollar, Gucci Should Stay
Mark Lee, chief executive of Gucci, told an Italian newspaper that his company is in talks to renegotiate an eyewear licensing agreement with Safilo Group, but sees no reason to end it. He described the relationship with Safilo as solid, claiming that the Gucci brand is No. 1 in the ...
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Luxottica Is Reportedly Seeking A $300 Million Bond Placement
In the coming weeks, Luxottica may seek to place $300 million worth of 10-year bonds with institutional investors based in the USA to refinance the acquisition of Oakley, according to the Italian daily Il Sole 24 Ore. The report, which was not confirmed or denied by a press spokesman for ...
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Marcolin's Profits Rise After Closing Cebe
Marcolin's closure of its French subsidiary Cébé, which took effect from the end of last year, had an immediate effect on its results, which showed a doubling in its profit for the 1st quarter of 2008. They had also a major effect on the sales of a couple of French ...
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Visibilia Creates A Luxury Division And Distributes Kata, Judith Leiber
Visibilia has signed an exclusive agreement with the U.S. company Legacie, a subsidiary of B. Robinson Optical, to distribute its Kata and Judith Leiber eyewear in Europe, taking over from the company's former European subsidiary in Varese, which did the job until the end of 2007. The Italian group ...
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Hoya Reports Less Lustrous Results But Launches Many New Initiatives
Hoya Vision Care is launching a number of new initiatives overseas, especially in emerging markets. Just a few days ago it took a 25 percent ownership stake in Optotal, a Brazilian company that services more than 100 optical laboratories in the country. The investment will be used as a platform ...
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Indo Appoints An Executive Chairman
The Spanish company has a new executive chairman, Joan Casaponsa, who will spearhead a new strategic plan to focus on the business segments with the highest market value, indicating that INDO International may drop one of its multiple activities in the areas of equipment, lenses and frames. The new plan, ...
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New Ceo For Profitable Satisloh
The board of directors of Schweiter Technologies has appointed Andreas Kunzmann as the new chief executive of its Satisloh division, effective next Aug. 1. Holder of a Ph.D. in physics and chemistry and graduated in business administration from a school in Lausanne, he already has a deep knowledge of material ...
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Mixed Results At Fgx
FGX International has reported net income of $2.2 million for the first quarter of 2008, up by 14 percent from a year ago, and net sales of $59.2 million, down from $61.1 million in the same period of 2007. The U.S. company, which went public recently, noted that in the ...
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Bbgr Launches Interesting New Products
This subsidiary of Essilor continues to launch new products on the European market, using a different approach and a different sales network from those of its parent company. After its successful introduction of Anateo, described as the first progressive lens that is adapted to the anatomy of the eye, it ...
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Expoóptica Had A Big Jump In Attendance
Expoóptica has reported that the number of visitors at its 27th annual show in Madrid a few weeks ago increased by 58 percent from the previous edition, reaching 11,290 professionals from 25 countries. The jump was due to increased marketing and to the organization of a simultaneous International Optometry, Contactology ...
