Latest Headlines – Page 190
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Luxottica Offers To Buy The Rest Of Opsm And Continues To Raise Sales And Profits
After announcing the successful completion of a tender offer for Cole National's subordinated notes, which will cost a total of $181.7 million, Luxottica has issued its long-awaited bid to buy up the stake it doesn't own yet in OPSM Group, the big Australian-based optical retail group in which it had ...
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Della Valle Family Buys 29.2% Of Marcolin, Whose Results Improve
Diego and Andrea Della Valle, the two brothers who control Tod's and who made a bid to take over Church's a few years ago, have acquired a 29.248 percent stake in Marcolin, further diversifying their portfolio of investments. They each paid €5,114,000 or €0.925 a share for a 12.184 percent ...
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De Rigo Adds The Chopard License And Forms A New Wholesale Subsidiary
De Rigo has added a new eyewear license with Chopard, the international luxury watchmaker and jeweler based in Switzerland, starting early next year. De Rigo replaces Estede, the Austrian company that also holds the ST Dupont license. De Rigo's first Chopard collection, developed for Spring/Summer 2005, will be presented at ...
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Fielmann Declines Less Than The Market
The 2nd quarter marked the bottom of the down cycle caused by the German health reform for Fielmann. Monthly results began to improve in July and they have been particularly encouraging since end of October, when the company launched a nationwide advertising campaign for its new insurance scheme. Under ...
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Safilo Makes Little Progress
Safilo has reported improved results for the 3rd quarter ended Sept. 30. In particular, its operating margin before amortization and depreciation (Ebitda) increased to 12.8 percent of sales from 12.0 percent in the year-ago period, thanks to reduced production costs and improved efficiencies, and it reached 15.4 percent for the ...
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Allison Plans To Get Out Of Contract Manufacturing
Allison's results for the 3rd quarter, the last one under the ownership of IT Holding, confirm the Italian company's growth, with sales for the 9-month period ended Sept. 30 up 52.4 percent to €56.7 million for the 9-month period. Last year Allison's sales had declined by 4.8 percent mainly ...
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Oakley Reports On A Weak Quarter
Oakley reports a turnover of $148.2 million for the 3rd quarter ended Sept. 30, up 2.2 percent, with net income down by 15.9 percent to $11.4 million. The gross margin fell by 10 basis points to 56.8 percent. Total revenues would have actually declined without the weakening dollar and without ...
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Sola Foresees A 30% Profit Boost
SOLA International expects to post a 30 percent increase in net adjusted income to $48-50 million for the financial year ending next March 31, in spite of a likely drop in the 3rd quarter. For the six months ended Sept. 30, the company has reported net income of $22.0 million, ...
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Hoya Improves Its Margins
Hoya Corp. saw its net profit jump by 82.6 percent to 16,671 million yen (€151.6m-$162.6m) in the three months of its second quarter ended Sept. 30 as total revenues increased by 15.8 percent to 78.49 billion yen (€572.5m-$765.4m), boosted by strong world demand for home and digital appliances. The group's ...
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Ocular Sciences Comes Closer To Merge With Coopervision, Outlines Results
The Cooper Companies and Ocular Sciences have received approval from their shareholders to go ahead with the planned merger of their operations, forming the world's third-largest contact lens company, provided the US government doesn't object on anti-trust grounds. Ocular's shareholders will receive 0.3879 of a share of Cooper's equity and ...
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Fedon Will Produce With A 1,000-strong Workforce In China
The world's leading producer of eyewear cases intends to expand its sales on the American market with products that will be almost entirely made in China. By the end of 2006 the Italian company plans to employ about 1,000 people in its new manufacturing facilities in the industrial area of ...
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Esa Analyzes European Sunglass Trends
A study commissioned by the European Sunglass Association for its members shows that consumers in five European countries owned an average of two pairs of sunglasses this year, or the same as in 2003, with the French recording the highest scores. Germans and Spaniards had the lowest proportions of ownership. ...
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Excellent Climate And Attendance At Silmo, But Also Some Big Thefts
SILMO is becoming more and more of a must at the international level. The number of visitors increased by 5.6 percent at last October's show to 42,759, as compared to one year ago, with foreign attendance up 6.8 percent to 20,489 people. Without reaching MIDO's proportions, the total net exhibition ...
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Dolce & Gabbana Leaves Marcolin For Luxottica
The news came like a bolt from the blue. Luxottica - the Italian giant of the eyewear industry - had snatched the eyewear license for Dolce & Gabbana ? a rapidly growing Italian fashion house ? from a smaller Italian eyewear producer, Marcolin. Some 48 percent of the latter's turnover ...
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It Holding Sells Allison
Allison no longer belongs to IT Holding, the Italian apparel group owned by Tonino Perna. Silvio Vecellio Reane, who remains as chairman and CEO of Allison, and 6 other members of the management have taken over 10 percent of the shares. The balance has been sold to Paladin Capital Partners, ...
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Optical Express Buys Boot's Eye Laser Surgery And Dentistry Business
David Moulsdale, the Scottish entrepreneur who runs Optical Express, believes in the future development of eye laser surgery and in the value of providing various options for vision correction to its customers, some of whom are clinically suitable for laser surgery, and others are not. His company spends a lot ...
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Luxottica Consolidates Cole Natio-nal's Operations
Luxottica Group will spend the next three months conducting a thorough audit of Cole National's operations, which it formally acquired on Oct. 4 for $497.4 million, but it has already decided to shut down its headquarters in Twinsburg, Ohio, which currently employs some 800 persons. As it already did with ...
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Essilor Predicts Organic Growth Of 5% Or More For All Of 2004
The final score will largely depend on the extent of the sales decline in Germany during the 4th quarter, which was very strong there a year ago on the eve of the health reform. In the 3rd quarter ended last Sept. 30, Essilor International's sales in Germany were down by ...
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Contact Lenses Are Fueling The Growth At Bausch & Lomb
Bausch & Lomb predicts that its sales growth will accelerate next year to between 6 and 7 percent in constant currencies, driven among others by a growing presence in the Japanese contact lens market, by the reintroduction of its PureVision line in the USA and the roll-out of its new ...
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Indo Improves Sales And Margins
The Spanish group improved its gross margins by 0.5 percentage points in the six months ended June 30 and its total revenues increased by 2.6 percent to €65,193,000, but higher charges for personnel layoffs and technological investments caused a decline in the pre-tax profit to €1,551,980, or €626,000 less than ...
