Latest Headlines – Page 163
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Alcon Improves Results
Alcon reported a net rise in sales and earnings in the 4th quarter, despite one-off charges related to the recent acquisition last November of a 77.4 percent stake in WaveLight, the German manufacturer of refractive lenses. The group generated $1,469.7 million in revenues in the quarter – up by ...
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Essilor Predicts More Double-digit Growth After A Brilliant Year
The company's sales are expected to grow by between 10 and 10.5 percent in constant currencies this year, including a gain of about 6 percent for continuing operations. The acquisition of a few more prescription laboratories ? mainly in the USA, but perhaps also in Canada and in Brazil ? ...
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Luxottica's Same-store Sales Shrink In America
A sudden downturn in the U.S. market at the end of last year led to a drop in Luxottica's global retail sales during the 4th quarter of 2007. According to data released by the company's chief executive Andrea Guerra in an interview with a leading Italian newspaper (in the style ...
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Luxottica Will Run Oakley Differently In Europe
Luxottica, which took over Oakley last November, has decided to set up a new company in Zurich to coordinate sales of Oakley products to the sporting goods trade all over the continent, except in the UK. Sales of Oakley products to opticians all over Europe will be handled by Luxottica's ...
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Volcom Acquires Electric Visual
Joining the other major surf & skate brands, Volcom has taken over a sunglass specialist to complement its collection. It's Electric Visual Evolution, a supplier of sunglasses and snow goggles founded by Kip Arnette and Bruce Beach in 2000. Based in San Clemente, California, it has offices also in Hossegor, ...
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Afflelou Makes Lower Profits On Higher Turnover As It Goes Private
With 99.6 percent of the shares tendered as of yesterday, the Bridgepoint investment fund will take Alain Afflelou out of the French stock exchange. The investment fund, which controls Rodenstock as well, acquired 96.08 percent of the shares of Alain Afflelou in recent months. It then presented a squeeze-out plan ...
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De Rigo Launches Sports Apparel Under The Police Brand
De Rigo recently signed a licensing agreement with A.Moda, a producer of sports apparel based in Florence, to launch a line of men's and women's fashion under the Police brand, which it created for eyewear in 1983. A few prototypes were showcased at Pitti Immagine Uomo, the menswear fair held ...
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New Italian Start-up Works With Lotto And Others
Yuka is a new Italian eyewear company set up last year by Luigi Bellocchio, former commercial director of Marcolin and then general manager of Marchon in Italy. While finalizing another important license, it has signed an intial two-year licensing deal with Lotto Sport Italia for the development, the ...
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Aeffe Signs New Eyewear Deal With Elite
Aeffe, the Italian luxury group, has signed an eyewear deal for its women's brand Alberta Ferretti with Elite, which is already its licensee for the Pollini and Pollini Studio brands. The Alberta Ferretti license will last seven years, with an option for an additional three. The first collection will include ...
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Top Executives Come And Go At Highmark
Robert Gray has retired as Highmark's executive vice president of finance and subsidiary services and as chairman of Highmark's Vision Group after 20 years with the American company, where he recently supervised the acquisition of Viva International and Eye Care Centers of America (ECCA). He started up in ...
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New Ceo At Bausch & Lomb
Gerald Ostrov is the new chief executive officer and chairman at Bausch & Lomb, after a very short retirement and 8 years at the helm of Johnson and Johnson's international eyecare division. He is replacing Ronald Zarrella who will retire in March and become honorary chairman of the company. ...
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Mixed Results For Opti München
Officially, GHM, the new organizer of the 10-year-old Munich show states that the number of exhibitors and visitors remained more or less the same last Jan. 11-13 as one year ago. They quoted many of them as being satisfied with the more compact format of the fair, pointing to a ...
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The German Industry Is Doing Well
The German eyewear industry achieved a 2.4 percent sales increase to €3.68 billion in 2007, with increases of 2.8 percent to €1.85 billion at home and of 2.1 percent to €1.92 billion abroad, according to the German industry's trade association, Spectaris. For 2008, Spectaris expects the growth rate to increase ...
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Ppg Reports Record Results
PPG Industries' revenues from the optical and specialty materials segment grew by 14 percent by $29 million, or by 14 percent, in the 4th quarter of 2007, thanks to improved sales in the optical division and stronger foreign currencies. The segment's earnings were up as much as $2 million for ...
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Hal Enters Turkey
HAL Holding, the parent company of Pearle Europe, has bought a 60 percent stake in Fahri Kuz Optik, a small Turkish optical chain based in Istanbul. Following a pattern that it has already used for its incursion into the Russian market, it plans to acquire the remaining 40 percent in ...
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Salmoiraghi & Vigano Continues To Expand Its Retail Network
Salmoiraghi & Viganò, the largest Italian eyewear retailer, closed the full year ended Sept. 30 with 398 stores, or 90 more than at the same date one year ago, and the company intends to continue expanding the network to reach 488 stores at the end of the current financial year. ...
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German Lens Companies See A Slowdown
While Fielmann's recent results indicate steady improvement, some other important players are feeling differently. The demand for optical products from the German market has been falling sharply in recent months, according to officials of Rodenstock, which still generates 40 percent of its turnover from its domestic market, and this will ...
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Zeiss Launches A New Top-end Lens
Carl Zeiss Vision presented a new generation of progressive lenses at the last SILMO that is said to improve 3-dimensional vision sharply. Called GT2 3D, it uses the latest advances in computer technology and free-form lens edging to optimize the complex integration between the two eyes of the wearer and ...
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Marcolin Streamlines Cebe Further
While studying purchase offers received for Cébé from third parties, Marcolin has decided to close down the remaining production facilities in France of this ailing sports eyewear subsidiary. The group has decided to pull the plug on its winter-specific sports products ? ski goggles and helmets ? to focus on ...
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Marcolin's Md Quits For Allison
colin's managing director, Antonio Bortuzzo, has left the company with immediate effect for the fast-growing rival Allison, where he will hold a similar position. Bortuzzo, who spent five years at the helm of Marcolin, will retain his post of general manager at the company until Jan. 31. Bortuzzo, a ...
