Latest Headlines – Page 164
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Chanel Sticks With Luxottica, Which Pushes For More Female Managers
Luxottica has successfully concluded negotiations with Chanel to renew its licensing agreement when it runs out in March 2008, according to a lengthy financial supplement devoted exclusively to Leonardo Del Vecchio's company in Corriere della Sera, the prestigious Italian daily newspaper. An official announcement will be made in the next ...
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Luxottica Aims For 1,000 Chinese Stores In 5 Years' Time, And Ilori Goes Well
ttica aims to expand its Chinese retail network to 1,000 stores in five years' time, compared with 266 currently. The company aims to book sales of nearly €75 million this year in this promising market and reach €100 million in 2008. Local sales are expected to rise by 15-20 percent ...
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New Lines And Strong Results For Logo
After launching its new pricey collection of Range Rover eyewear at the last SILMO, the French company plans to launch the first line of Salomon branded eyewear at the next MIDO fair in Milan. Perhaps even before then, at Vision Expo East in New York, it may come out with ...
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Strong Interest For Drivewear In Europe
Younger Optics has sold more than 100,000 Drivewear lenses in Europe ? about twice more than originally budgeted - since the launch of this novel photochromic technology at the SILMO trade show in Paris one year ago. It has been a big success in Germany, Italy, the UK and Russia. ...
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New Nominations At Transitions
Brett Craig, the chief operating officer of Transitions Optical, will become the company's president, effective Jan. 1, to help push the company's growth. He replaces Rick Elias, who has been with Transitions from the very start. As the person responsible for optical products within PPG Industries, Elias was president and ...
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Rem Opens European Subsidiary
REM Eyewear, the California-based eyewear licensee of Barbie, Converse and other brands, has announced a similar new deal with Lucky Brand Jeans, an American vintage-inspired brand of sportswear rooted in rock ?n' roll, that will make its debut with 15 prescription frames in the USA next month. Meanwhile the ...
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Spy's Parent Company Improves Processes And Results
The management of Orange 21 admits that it still has work to do to complete its turnaround and to pave the way for new growth but feels that some important changes have already been successfully implemented. Product development has improved and production priorities have changed, making the manufacturing process less ...
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Comotec Moves More Output To China
Comotec, the manufacturer of metal components acquired in 2003 by Italy's Mazzucchelli 1849, is set to close most of its production facilities in the Jura region of France, leaving just 93 people working on design, technical assistance and production of the most high-tech items. The remainder of production will be ...
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Coopervision Settles With Ciba Vision, Expresses Optimism Over Future Results
Revenues at CooperVision (CVI) galloped ahead of the global growth of the soft contact lens market in its fourth quarter, ended Oct. 31, as the company finally resolved manufacturing problems in the growing segments of single-use and silicone hydrogel lenses. CVI's revenues went up by 11 percent on a constant-currency ...
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Luxottica's Q3 Results Are Lifted By The Wholesale Part, While Retail Slags
Luxottica's net profit for the 3rd quarter showed a 5 percent increase to €112 million, boosted by a tenth consecutive quarter of double-digit growth for the wholesale business, while the retail business was hamstrung by the dollar's weakness and the reorganization of the network. The result was in line ...
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Oakley Posts Very Good Results Ahead Of Merger
Oakley delivered its 7th straight quarter of double-digit growth. Sales rose by 25.5 percent in the 3rd quarter to $210.2 million, including organic growth of 19 percent. The acquisition of ESS and Bright Eyes was responsible for 6 percentage points of the growth, and currencies for 2.07 percentage points. U.S. ...
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Safilo Slips On Dollar's Weakness, Harsh Comparables
Safilo's third-quarter net profit shrunk to €5.4 million from €7.3 million in the same period a year ago, as the group suffered from a drop of nearly 4 percent in the dollar's value against the euro and from a challenging comparison with the previous year's strong results, which benefited from ...
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Fielmann Improves Strongly
Fielmann recorded a 3 percent sales increase on a same-store basis during the nine months ended on Sept. 30. Comparable store sales rose by 2.5 percent in Germany, against the backdrop of a projected increase of only 2 percent in German optical market for this year. Higher rates of growth ...
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Cecop Arrives In The Uk And Sets Sights On Germany
Britain and Germany are the current targets of the Spanish-based buying group's international expansion strategy. Neither of them are easy markets, but out of 200 British opticians contacted, 45 have signed a letter of intent to join the group. CECOP's newly appointed UK country manager, Gregory Lopez, has already started ...
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Holmberg Succeeds Mccomas At Ecca
David McComas is to retire as chief executive officer of Eye Care Centers of America (ECCA) at the end of the year, ceding his place to David Holmberg, who acted for three years as president of Cole Licensed Businesses, the optical service provider for Sears, Target and Pearle Vision Canada ...
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Essilor Upgrades Financial Forecasts
The management is now fairly confident that Essilor will close the year with an overall sales increase of around 7 percent on an organic basis, excluding the effects of acquisitions and of changes in currency, and that its operating margin will remain at around 18 percent. The large French company ...
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Hoya Vision Care Grows By 8.2% In Quarter
The operating margin of the vision care division of Hoya Corp. remained steady at 18.1 percent for the second quarter ended Sept. 30, but its net sales grew by 8.2 percent to 31,368 million yen (€1,892m-$277.6m). Representing only 26.6 percent of the global turnover, sales in Japan fell by 5.9 ...
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Fgx Goes Ahead With Its Ipo
FGX International, the parent company of FosterGrant, Quantum Optics and Magnivision, raised about $97.2 million in net proceeds from its planned initial public offering on the NASDAQ stock exchange in New York. They will be used mainly to repay outstanding debt. FGX issued 6.7 million new shares. Existing shareholders, ...
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Costume National License Goes To Cult
Marcolin's license with Costume National ran out in 2005 and was not renewed. This Italian fashion house has now signed a 3-year license for its eyewear with a new Italian company called Cult. It was established in 2005 by a designer, Alessandro Martire, to develop his own brand of eyewear, ...
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Visibilia And St. John Join Forces
Visibilia is about to penetrate the U.S. market, which currently accounts for a mere 2 percent of its global sales, following a 3-year agreement to produce and distribute worldwide the first line of sunglasses and prescription frames of a California-based luxury apparel label, St John. The Spring 2008 collection will ...
