Latest Headlines – Page 54
-
ArticleEU Commission calls to ‘strongly discourage’ intra-EU travel
The European Commission has proposed the European Council to discourage non-essential travel between European Union member states amid high Covid-19 infection rates and concerns about new virus variants, while avoiding border closures or blanket prohibitions that would impede the functioning of the internal market and supply chains. “The Commission proposes ...
-
ArticleCooperVision expands manufacturing facilities as demand grows
CooperVision announced the expansion of manufacturing facilities located in North America and Europe due to growing demand for its contact lenses. It also believes that the Covid-19 pandemic will force eye care professionals (ECP) to review their long-term business practices. The Gilbert site, situated in suburban Phoenix and currently producing ...
-
ArticleGrandVision maintains positive comparable sales growth in Q4
GrandVision enjoyed an 0.8 percent year-over-year increase in comparable revenues in the fourth quarter, in line with the performance posted in the previous three months, thanks to its core European markets. But on a reported basis, the top line declined by 1.7 percent as the group suffered from the resurgence ...
-
ArticleDPD resumes U.K. road services to EU after Brexit customs delays
The parcel carrier DPD has resumed its road service from the U.K. to the European Union after resolving customs clearance problems caused by post-Brexit administration rules. The U.K. left the single market on Dec. 31, 2020. The company had suspended operations in the first week of the month and planned ...
-
ArticleItalia Independent sees 2024 sales reaching €42 million
Italia Independent expects to post sales of €42 million in 2024 and return to a net profit in 2023. The new forecasts push back the group’s return to profit by a couple of years. In the business plan to 2024 approved by the board, the loss-making Italian eyewear company expects ...
-
ArticleEssilor, Luxottica launch their first joint product
Essilor and Luxottica have launched their first joint product with the latest edition of Ray-Ban Authentic. It will be launched in the U.S. on Jan. 19. According to EssilorLuxottica, the group resulting from the merger between the French ophthalmic lens producer and the Italian frame maker on Oct.1, 2018, the ...
-
ArticleEyewear industry stocks grew by 6% in 2020
We are publishing here for the first time our ranking of the main stock-listed eyewear industry companies, based on their stock market capitalization in euros at the end of 2020. The corresponding table also shows the change in market value from the previous year, both in local currency and euros. ...
-
ArticleDe Rigo enters distribution deal with DIFF Eyewear in North America
De Rigo Vision has reached a multi-year agreement under which its Los Angeles-based unit De Rigo REM will be the sole distributor of DIFF Eyewear’s sun and optical frames in the North American optical market. DIFF Eyewear is a rapidly growing American-based fashion eyewear company that offers eyewear and accessories ...
-
Article
Italy’s Anfao and unions reach labor contract agreement
The Italian eyewear trade association Anfao reached an agreement with trade union representatives on the terms of a new contract affecting the roughly 18,000 workers in Italy’s eyewear industry, including those at Luxottica, which exited Anfao in 2019. Due to the economic crisis that has hit the eyewear sector, the ...
-
ArticleFielmann’s full-year sales slip to €1,425 million
In 2020, Fielmann’s consolidated sales slipped to €1,425 million from €1,520.7 million, while external sales, which include value-added tax and inventory changes, totalled €1,625 million, down from €1,764.6 million a year earlier. The pre-tax profit will reach nearly €170 million, down from €253.8 million in 2019, according to preliminary data ...
-
-
ArticleU.K. signs free trade agreements with Turkey, EU
The U.K. and Turkey have signed tariff-free trading arrangements and are committed to reach a ”more ambitious” agreement in the future, according to the British Department for International Trade . The free trade agreement was signed by the U.K.’s International Trade Secretary, Liz Truss and Turkey’s Minister for Trade, Ruhsar ...
-
ArticleEU, China reach in principle an agreement on investments
After seven years of talks, the European Union and China have agreed in principle on a investment agreement after their leaders met on a conference call on Dec. 30. The parties had set the end of 2020 as the deadline to strike a deal. The European Commission said that the ...
-
ArticleHow Covid-19 has impacted companies’ trade show budgets
It has become commonplace to say that the Covid-19 pandemic has dramatically accelerated trends that were already underway with the digitalization of the economy and society in general. Trade shows have been one the sectors most affected by the phenomenon as restrictions on travel and mass events worldwide prompted them ...
-
ArticleMister Spex expects sales to grow in 2020 and 2021
Mister Spex expects sales to grow in 2020, and again in 2021, from the €139 million posted in 2019. Last year, the German company saw its adjusted Ebitda rise to €2.0 million from €0.2 million in 2018 as it enjoyed growth in all three of its product categories, namely glasses, ...
-
ArticleFielmann buys Óptica & AudiologÍa Universitaria in Spain
In spite of the Covid-19 pandemic, Fielmann, the German-based optical retailer, keeps expanding, as mapped out in its Vision 2025 strategic plan, with the acquisition of Óptica & AudiologÍa Universitaria, one of the leading retail groups in Spain. The transaction will complete on Dec. 31. The details of the deal ...
-
ArticleEssilux names two new helmsmen
EssilorLuxottica announced a series of organizational changes at its helm following the desire of Hubert Sagnières, its executive vice chairman, to retire. The 65-year old French manager has given up his executive powers but remains as non-executive vice chairman of the group. In a simultaneous decision aimed at preserving the ...
-
ArticleKering investigated by French financial prosecutor
Kering said that the French financial public prosecutor (Parquet National Financier) has opened a preliminary inquiry concerning the company in February 2019. The French luxury goods group added that it had not previously been informed of the inquiry. The comments come following media reports about the prosecutor investigating the company ...
-
ArticleEU, UK extend Brexit trade talks in effort to avoid a “no deal”
The United Kingdom and the European Union had decided to wait until Sunday, Dec. 13 to find a compromise on a trade agreement that would go into effect on Jan. 1. But, the European Commission’s president, Ursula von der Leyen, said the negotiators will now continue to work into this ...
-
Article
EU to cut greenhouse emission by 55% by 2030
The 27 members of the European Union agreed on Dec. 11, after a night of negotiations, to reduce by at least 55 percent their greenhouse gas emissions by 2030, compared with 1990 levels, increasing the target from a previous objective of 40 percent. “Europe will reduce emissions by at least ...
