Latest Headlines – Page 210
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Rodenstock Suffered A Loss In 2001, But May Soon To Be Fit For An Ipo
Rodenstock's revenues from its own core business of lenses and frames rose by 3 percent to e368 million last year, but because of divestitures and other structural changes, its total sales dropped by 14 percent to e422 million. Due to exceptional charges which should not occur again this year, the ...
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Indo Improves Margins
Indo's net consolidated income rose by 15.8 percent last year to e2,216,000, despite a 5.6 percent sales decline to e124.9 million, thanks to numerous initiatives started in the last 3 years under the management of Antoni Olivella, resulting among other things in reductions of 12 percent in purchasing costs and ...
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Marchon Appoints Thomas Zettler As European Manager
Marchon has appointed an Austrian sporting goods industry executive, Thomas Zettler, to the new position of senior vice president and managing director of Marchon Europe, which is developing more specific products and price points for the region. Based at the subsidiary's office in Amsterdam, he will run all administrative, operational, ...
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Women Buy More Eyeglasses In Italy, And The Younger Ones Buy More Sunglasses
A recent survey shows that 45.3 percent of all the Italians aged 15 or more went to an optical store over the past 6 months. Of those who did so, 45.7 percent went there to buy sunglasses. An estimated 31 percent went to the optician to buy corrective glasses, and ...
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Growing Italian Vision Service Group Wants To Build Up Its Service Image
Vision Service, a relatively young Italian buying group created in 1996, has a new strategy to identify itself as a higher-quality standardized service provider across its 300-plus affiliated stores. To this end, last year the association went from being a mere buying group, with a consortium structure, to ...
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Cole National Improves Sharply
The world's largest optical retail group published strong results for the 1st quarter ended May 4. Net income jumped to $2,897,000 from $645,000 in the year-ago period, and operating income (EBITDA), rose by 20 percent to $20,495,000. Total revenues were up to $290,109,000 from $270,291,000, with same-store increases for all ...
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Opsm Makes New Executive Appointments
OPSM Group, the largest optical retailing group in Australia, has appointed a company veteran, Alan Smith, as group general manager for international development, its instruments business and relations with the government and industry. He replaces Peter Lenehan, who is retiring after 18 years in senior positions at OPSM. Sarah Paykel ...
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Vendex Sells Hans Anders To The British Cvc Investment Group
Vendex, the Dutch retail company, has sold Hans Anders, the largest chain of optical stores in the Netherlands along with 5 other subsidiaries to CVC Capital Partners. The total price of e394 million values the package of divested properties at 7.8 times annual Ebitda (earnings before interest, tax, depreciation and ...
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Salmoiraghi Outlines Improved Results On The Eve Of A New Ownership Change
De Rigo still has time until June 3 to decide whether it's worth for it to invest e113.5 million to buy back the Italian chain it had sold two years ago, after only a few days of ownership, for e50 million to a pool of financial investors, exercising a right ...
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De Bourgoing Retires From Leading French Optical Group
Jean-Marie de Bourgoing will retire next October, at the age of 60, as managing director of La Guilde des Lunetiers, the French cooperative that franchises more than 900 Krys, Vision Plus and Vision Originale stores in France. De Bourgoing, who held the post for about 10 years, had already prepared ...
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Buchmann Takes Over Selected Weco Assets For A Merger With Briot
Buchmann Optical Holding of Belgium now has 100 percent control of Weco Optik GmbH, a new German firm in Düsseldorf that has taken over for an undisclosed sum the manufacturing facilities, patents, distribution rights and other assets of the former Pro-Laser Weco, including its Rodenstock Instrumente equipment operations, but not ...
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Essilor Institutes A Poison Pill
Essilor International's shareholders voted by a majority of 31 million shares against 9 million in favor of a resolution at the general meeting earlier this month that authorizes an equity increase in case of a hostile bid. With 90.7 percent of the equity now floating freely on the stock exchange, ...
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Sola Switches Its Strategy To Sales Push
Having restored a certain profitability with the migration of production to less costly locations and other measures, Jeremy Bishop, president and CEO of Sola International, is now embarking on a new strategy intended to restore top-line growth, particularly in North America. Some of the fruits will probably appear only in ...
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Vision-ease And Younger Sue Each Other
Vision-Ease has filed a suit in a Minneapolis court, requesting an injunction against Younger Optics. The lawsuit claims that Younger's polarized polycarbonate lenses, partly sold under the NuPolar label, infringe on Vision-Ease's patents for the molding of thermoplastic materials with a film or a layer. Stating that the claim is ...
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Ocular Sciences Appoints European Chief
Diethart Reichardt, a German executive who has spent 24 years with Allergan, has been appointed to the new position of president of Ocular Sciences Europe, with responsibility over all its sales subsidiaries in Europe and distributors in Europe, Africa and the Middle East. The appointment follows OSI's acquisition of Essilor's ...
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Mido Changes And Shortens Its Dates
The next Mido will by held in Milan for only 3 days, instead of 4, on Apr. 26, 27 and 28 of 2003, but the fair will close at 9 pm every day. Exhibitors and visitors will be able to spend one day less in the city, if they want ...
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The Cologne Optica Fair Is Over
The long-established Optica fair in Cologne has given up in the war of the German optical trade fairs against Opti München, after a 4-year battle marked by numerous tactical changes. The KölnMesse charges the German industry association, F+0, of having decided too late to hand over the show to a ...
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Luxottica Eyes A 12% Net Margin In 2002
Luxottica's consolidated net income rose by 20.9 percent to e101.1 million in the first 3 months ended March 31, giving the industry leader a net margin of 11.7 percent, and it's now predicting a net margin of 12 percent for the full year on sales of more than 3.3 billion ...
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De Rigo Raises Sales By 8.3% In Quarter
De Rigo reported today an 8.3 percent increase in consolidated sales to e143 million for the quarter ended March 31, but gave no profit figures yet. Total unit deliveries of frames and sunglasses rose by 5.8 percent to 1,626,000. Sales through EID, the joint venture with Prada, were up 41 ...
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Italy's Production Of Sun Eyewear Grows, While Frames Suffer
The Italian eyewear industry raised its overall turnover by 8.4 percent in 2001 to e1,836 million, without including inter-company sales of e772 million, according to Anfao, the Italian eyewear industry's association. On the other hand, while sales of sunglasses grew by 25 percent, sales of regular ophthalmic frames dropped by ...
