Latest Headlines – Page 62
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OWP takes over Flair
OWP Brillen, owner of the private OWP and Metropolitan brands as well as the licensed Mexx eyewear brand, acquired the Beck Group, including its subsidiary Bexx Brillenmode, on March 17. The Beck Group, located in Oelde, Germany, is better known for its high-end Flair brand name. It will be run ...
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ArticleInspecs’ new Vietnamese factory attracts new clients
The Inspecs Group suffered delays in the extension of its Vietnamese factory as a result of the Covid-19 pandemic. But the project is nearing completion and production in the new section is scheduled to start towards the end of the second quarter. In the meantime, the company is shipping goods ...
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Paris, Milan take to digital catwalk
The Paris and Milan fashion weeks for the presentation of spring/summer 2021 menswear collections will be held digitally this year, with Paris preceding Milan and inverting the traditional international fashion show calendar as presentations go online due to the Covid-19 pandemic. Fédération de la Haute Couture et de la Mode, ...
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Safilo’s CEO expects Covid-19 to change the way to do business
Angelo Trocchia, the chief executive of Safilo, believes that the Covid-19 pandemic, and subsequent lockdowns worldwide, will spur the digitalization of the company and force it to rethink its business model. The most significant impact could be on the working relationship with wholesale clients.
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Menicon completes expansion of disposable contact lens factory
Menicon has completed the extension of its production site in Kakamigahara, Japan, where it manufactures daily disposable contact lenses. The investment will enable the company to gradually increase production to over 500 million lenses from 90 million.
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Altagamma predicts 20 percent drop in global luxury goods sales this year
Global sales of luxury goods are forecast to fall by 20 percent this year, with Europe most affected. It could take until 2023 to return to 2019 levels, according to forecasts by Altagamma and the consultancy Bain & Company.
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Bausch Health’s Q1 revenues flat
Bausch Health’s sales were constrained by the Covid-19 pandemic but the global consumer and international prescription activities of its Bausch + Lomb eye care division posted strong growth. It expects a recovery from the latter part of the second quarter but nevertheless cut its full-year guidance.
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Hoya Q4 eyeglass lens sales down 10%, contact lenses more resilient
Like many others, the Covid-19 outbreak has hit Hoya Corporation in its quarterly results. The Japanese group is, however, upbeat on the prospect of recouping from pent-up demand in the eyeglass segment based on signals from China and South Korea, where the pandemic is vaning.
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National Vision’s revenues collapse in March, refinances its debt
National Vision’s comparable store sales fell sharply in March as it temporarily closed stores due to the Covid-19 pandemic. The company is issuing a $350 million convertible note to refinance its debt.
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British opticians have a new working group to discuss Covid-19 exit
The Association of British Dispensing Opticians (ABDO) has a new working group to discuss the exit phase from the Covid-19 lockdown and there after. The group will provide members with guidance and recommendations on protocol during the exit phase and when practices open again to provide routine eyecare. The working ...
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Safilo creates an umbrella initiative for all its Covid-19 response actions
Safilo has launched #united4eyecare, a global corporate initiative that embraces all the actions taken by the company in response to the Covid-19 pandemic.
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Eschenbach in full swing on home turf
Eschenbach has been growing constantly in Germany, becoming the market leader in prescription eyewear. It has also enjoyed strong growth in Europe and the U.S..
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Safilo sees coming weeks as critical to save sunglass season
The coming couple of weeks will be crucial to understanding if the sun season can be saved. If lockdowns are lifted in Europe and the recovery picks up in the U.S. the task can be achieved, according to Safilo.
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ArticleItalian eyewear industry reopens amid hopes that demand will pick up
Despite having had the right to operate stores during the industry lockdown that is now being lifted in Italy, as eyeglasses were considered an essential medical device, the Italian eyewear industry has remained largely closed for lack of demand.
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Italy's eyewear industry may have lost half its revenues with the Covid-19 crisis
The Italian eyewear industry, especially smaller companies, may have lost about 50 percent of its revenues as the Covid-19 pandemic has been spreading worldwide, leading to about half of humanity being placed in quarantine, pointed out Giovanni Vitaloni, president of the Italian manufacturers’ association Anfao, in an exclusive interview with ...
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Novacel helps opticians to relaunch their businesses
Novacel, the big French laboratory controlled by Essilor, is offering ways to help opticians relaunch their business after the French government announced that it would be relaxing a Covid-19 related lockdown on May 11.
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Fedon raises €5 million in financing
Giorgio Fedon, the Italian producer of eyeglass cases, obtained €5 million in financing from two leading Italian banks, as well as some members of the family that control it, to fund its investments. In 2019, it returned to being profitable, albeit marginally.
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The German industry projects a drop of 23 to 34%
Spectaris, the German ophthalmic industry association, conducted an online survey among members of the German industry in mid-April. According to the report, 90 percent of the participating companies said that they had received fewer orders in the previous weeks, 75 percent said that their economic situation had worsened due to ...
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The German optical retail market grew by 3.8% in 2019
ZVA, the German association of opticians, published a report on the German ophthalmic optics market on April 27. ZVA reported that the German optical retail market increased by an estimated 3.8 percent to €6.5 billion in 2019, as compared to the previous year.
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Customers are afraid of visiting opticians in Russia
Almost all of the provinces of the Russian federation have softened quarantine measures introduced because of Covid-19, and most of them have allowed eyewear retailers to open their stores again. In Moscow, however, which accounts for roughly 50 percent of all Covid-19 cases recorded in Russia, visiting the optician has ...
