Latest Headlines – Page 173
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Carl Zeiss Vision Continues The Integration Process In Europe
The process of integrating the former operations of SOLA International and its American Optical subsidiary with those of Carl Zeiss' ophthalmic products division has been virtually completed in Europe under the management of Rudi Spiller. The integration process has been implemented rather quickly and effectively in France, where Eric ...
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Zeiss Gives A Big Push To Its Sun Lenses
Rebaptized as Carl Zeiss Vision Sunlens, the former SOLA Sunlens is eyeing a major increase in its turnover through a two-pronged dual-brand attack on the market. The higher end will be serviced under the highly trusted Zeiss brand name, while the company's presence in the medium and lower segments of ...
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Bausch & Lomb Estimates 3rd Quarter And 9-month Results, But The Fda And The Sec Are Still Nagging
Bausch & Lomb got a warning letter last Nov. 6 from the U.S. Federal Drug Administration (FDA), alleging that it had not reported 35 cases of fusarium keratitis related to its ReNu with MoistureLoc contact lens solution. The company responded to the letter by claiming that the FDA has not ...
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Cooper Gives Investors A Look At The Future
The American company told investors last week that it estimates the global contact lens market to grow at an annual compounded rate of 9 percent until 2010, reaching a level of $7,020 million for the year as compared to $4,563 million in 2005. Within this time frame, daily disposable spherical ...
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Clearlab Is Up For Sale
Numerous potential buyers have expressed interest in ClearLab, the European manufacturing arm of 1-800 Contacts, and the company expects to announce details of ClearLab's separation by the end of March 2007. No potential buyers have been named yet, nor has a possible selling price been mentioned. In the 3rd ...
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Italy's Exports Rose By 18.7% In First Half
Confirming its apparent turnaround, the Italian eyewear industry clocked up significant growth in exports for the first half of 2006, particularly for its sunglasses in Europe and the USA. For the entire Italian eyewear industry, which includes lenses, cases and components, sales grew by 18.7 percent to €1,063 million. ...
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Fukui Industry Asks For Government Help To Improve Work Flows
Similar to the industrial clusters of Belluno in Italy and Oyonnax and Morez in France, the area of Fukui, which represents about 95 percent of Japan's eyewear production, is fighting hard to compete against the large integrated Italian producers and the cheap factories in China. Only a few specialists have ...
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Nordic Optical Partners Disappears, Nordic Optical Alliance Created
The recent wave of mergers and acquisitions in Northern Europe has led to some major changes in alliances among certain optical retail chains. Nordic Optical Partners, which grouped together three chains in Denmark, Norway and Finland, has been disbanded as two of them have switched ownership. A new group called ...
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European Buyers Did Good Business In Venice
The workshop organized by Belluno's eyewear industry in Venice at the end of September signaled a turnaround in the market. Supported by various governmental institutions, the bi-annual event provided a meeting point for 17 small and medium-sized Italian producers and 25 European buyers ? mainly from integrated chains, buying groups ...
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Luxottica Launches Lenscrafters In China, Sells Things Remembered
Luxottica has started to roll out the LensCrafters banner in mainland China with the opening of a ?flagship? store in the Oriental Plaza mall, Beijing's upmarket shopping center, and the simultaneous start-up of 11 other LensCrafters stores in the Beijing area. The move reinforces the existing network of 55 LensCrafters ...
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Safilo Expands In The Usa And South Korea
Safilo is set to dramatically expand in the USA and South Korea in the coming months. The group's U.S. chain of sunglass stores, Solstice, plans to add 30 stores by the end of the year to its current network of about 85 outlets. The big Italian producer will also open ...
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Optic 2000 Appoints Heavywheight To Win Over New Lissac Franchisees
The French buying group has hired Georges de La Motte Collas to the new position of business development manager for the Lissac banner, with the goal of raising from 100 to 300 the number of stores by 2010. De la Motte Collas left last July as French country manager ...
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Oakley Adds New Styles And Makes Higher Profits
At this weekend's SILMO trade show in Paris, European buyers will be able to view the latest product offerings from Oakley's new eyewear collection for next Spring and European sales representatives will have a complete range of samples, which the company considers a huge improvement in operations. The collection, which ...
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Sover In Eyewear Deal With Baldinini
Sover has signed a 5-year licensing agreement for the manufacture and distribution of sunglasses and optical frames signed by Baldinini, a fast-growing Italian footwear and leathergoods company that belongs to Antichi Pellettieri, controlled by Mariella Burani Fashion Group. Sover already produces an eyewear line under the name of Mariella Burani, ...
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Vision-ease Wants To Go Public
Vision-Ease Corp. has applied to the U.S. Securities & Exchange Commission to authorize an initial public offering whose proceeds will be used to reduce its indebtedness and to free up cash resources for the international expansion of the company, which claims to be one of the most innovative suppliers of ...
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Essilor Rises By 6.4% In Quarter
Essilor's revenues grew by 6.4 percent in the 3rd quarter ended Sept. 30, with 2.4 percentage points due to acquisitions, but the rate of increase would have been 2.1 percent higher if the euro had not appreciated against the dollar and other currencies. On a comparable basis, sales rose by ...
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Hoya Vision Care Rises Sharply But The Margin Is Less Steep
The operating margin of the vision care business of Hoya Corp. declined to a still respectable 18.1 percent in the 2nd quarter ended Sept. 30 from 19.6 percent in the year-ago period, while segment sales increased by 13.2 percent to 28.98 billion yen (€193.6m-$243.9m). While domestic sales declined by 1.8 ...
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Japanese Lens Companies Seek New Outlets In Europe For Their Frames
The decisions made long ago by Essilor to divest Logo and by Zeiss to license its brand name out to Menrad were grounded on the assumption that lenses and frames are two very different business segments that have little to do with each other, with a different business mode and ...
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Zerorh+ Launches Sports Luxury Goggle With 3d Golden Lens At Silmo
Zeroindustry, the high-tech Italian company set up by Briko's former owner with a partner five years ago to make a rather unique statement in the ?sports luxury? segment of the eyewear and sports clothing industries, is showing at the SILMO fair in Paris for the first time, following a review ...
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Fabris Lane Banks On Optical And Foreign Sales To Double In Size
Having grown into the UK's largest sunglass company, Fabris Lane has embarked on an ambitious program to double its sales over the next 4-5 years by developing further its expanded branded eyewear business in the sunglass and prescription frame sectors both at home and abroad. Rod Lane, the 55-year-old executive ...
