Latest Headlines – Page 206
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Coopervision Completes The Integration Of Biocompatibles In Europe And Works On New Programs
The European market is now divided into two regions, where company-owned subsidiaries handle sales of the CooperVision and Hydron lines of contact lenses. The only exception is still France, where Ophthalmic continues to handle the CooperVision line under its own brand name. The Southern region is run by Giacomo Grassi, ...
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More Suppliers Accept Orders Through The Internet In The Usa
The Vistakon unit of Johnson & Johnson has agreed to sell its contact lenses directly to 1-800 Contacts, a publicly listed US mail-order and internet retailer that was previously sourcing its Acuvue products from the wholesale market for resale to the final consumer, but with some important conditions. While the ...
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Luxottica And Armani Stop Working Together, But They Both Have New Solutions In Mind
Luxottica and the Armani Group have decided not to renew their 14-year-old eyewear licensing contract, after it expires next May 31. The announcement last Thursday sent the value of Luxottica's stock down by nearly 14 percent, as the Giorgio Armani and Emporio Armani lines together represent about 7.2 percent of ...
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The German Eyewear Market Is In Very Bad Shape?.
The latest statistics show that the German optical market declined markedly in the first 9 months of this year, scoring more poorly than the country's overall retail trade, which fell by 4 percent over the period. According to the GFK panel, which doesn't include Fielmann's stores, they fell by 10 ...
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Yet Fielmann Continues To Do Well
The overall market situation in Germany is apparently a bit better with the inclusion of Fielmann, the country's largest optical retailer, which now claims increased national market shares of about 43 percent in volume and 23 percent in value, followed at a distance by Apollo-Optik, whose market share in value ...
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Safilo Reinforces Its Links With Gucci Group Through Two New Licenses
Safilo and Gucci Group announced today that they had signed new sunglass licensing deals for two brands recently acquired by the Florentine fashion house. Both lines will be developed very rapidly. One will become available as from next February under the name of Bottega Veneta, an Italian manufacturer of leathergoods ...
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Marchon Boosts Its Management Team And Its Own Output In China
Marchon Eyewear continues to boost its management and to fine-tune internal processes. Mark Ginsberg, who previously worked at Fossil for Armani, Burberry and other designer watches, has recently joined Marchon's team in the new position of managing director of designer brands. Another company executive, David Chute, will be in charge ...
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Menrad Moves More Output To China
Menrad has closed the tool room of its manufacturing facility in Malta, whose staff had been reduced to about 28 people, and transferred most of the equipment to its 6-year-old factory in China, whose production is being gradually expanded as the quality level continues to improve to satisfactory levels. The ...
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Rodenstock Launches Some New Merchandising Techniques
Rodenstock reports strong interest by French retailers in a new package of 4 high-end spectacles being merchandised as ?Must" products for demanding customers who look for turnkey solutions and the best possible characteristics in frames and lenses. The package comprises 4 frames with 1.74-index ultrathin organic lenses using Rodenstock's Individual ...
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Viva International Forms A Joint Venture In Scandinavia With Ego
EGO claims to be the largest supplier of ophthalmic eyewear frames in the region, excluding sunglasses, ahead of Scaga, Safilo and Luxottica. Established since 1961, it will have total sales of about 100 million Swedish kronor (e11m-$11.1m) this year, of which 80 percent are limited to the Nordic countries. The ...
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Bourgois Improves Its Results And Wins A Silmo Award
A model in its licensed Claude Montana collection won the Silmo d'Or award last month, giving a considerable boost to Bourgeois' young management team set up by Matthieu Clodong, the 30-year-old executive appointed as CEO in June of 2001. His team was recently reinforced with the arrival of an even ...
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Trivex Drills Its Way Into Europe
Younger, one of the three companies that are using PPG Industries' new Trivex material for lenses, is beginning to introduce it in Europe gradually. The US company, which manufactures semi-finished blanks in the new material under the Trilogy brand name at its large facility in California, has signed up two ...
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Luxottica Improves Its Margins
The largely flat market in the USA affected Luxottica's sales but it didn't prevent the group from raising its net income by 16.5 percent in the first 9 months of this to e297.7 million on a relatively modest 5.2 percent growth in sales over the period to e2.4 billion, with ...
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De Rigo's Reorganization Slows Down Its Growth
The sale last June of the group's interest in Ranieri, its distribution subsidiary for Argentina, weighed negatively on the group's revenues for the first 9 months of 2002, as Ranieri represented some 3.5 percent of DR's wholesale & manufacturing revenues. Due to the difficult UK market and to changes in ...
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Boots Opticians Improves Sales
Boots' revenues from its Boots Opticians stores and from its growing network of 8 LASIK clinics rose by 12.4 percent in the 6 months ended Sept. 30, with an 8.8 percent boost on a comparable basis. Their suddenly improved performance contributed to a 22.1 percent sales increase to £130.4 million ...
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Marcolin Improves Results, Enters Japan
The Marcolin Group's pre-tax profit more than doubled to e3,309,000 in the 9-month period ended Sept. 30, as compared to e1,426,000 in the same period a year ago, thanks in part to higher sales of high-margin products. The licensed lines of D&G Dolce e Gabbana Occhiali and Roberto Cavalli Eyewear ...
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Indo Forms Italian Subsidiary, Exchanges Services With L'amy, Viva And De Rigo
Indo, Spain's largest eyewear manufacturer, has been using its strength on its home market to negotiate reciprocal agreements with major players in other markets. De Rigo is distributing in Italy Indo's licensed brand of children's eyewear, Chupa Chups, while Indo will distribute Givenchy and Sting in Spain. Similarly, L'Amy ...
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Berthet-bondet Is In Receivership
The family of Pierre Berthet-Bondet, which owns 80 percent of the French company, is looking for one or more new strategic partners to take over all or part of its business, which is divided into two different segments. Berthet-Bondet is one of France's leading suppliers of sunglasses for the mass ...
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Bouvret Goes Into Liquidation
The number of manufacturers of eyeglass frames in the Jura region of France has fallen from more than 70 to only about 15 over the last 20 years, and it continues to decline. A medium-sized company who had some nice fashion licenses, Bouvret, is now being shut down, reportedly after ...
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Airess Gets The Dunhill License
While negotiating the possible sale of its Solistyle mass market operations, the French company has signed a global licensing agreement for the Alfred Dunhill eyewear line, with the exception of Japan, and it's about to set up a sales subsidiary in the UK. Like its other subsidiaries in Germany, Switzerland, ...
