Latest Headlines – Page 70
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Krys raises its French market share to 15.5%
For the third year a row, the French voluntary group increased its grip on the French market last year, improving its market share by 0.9 percentage points to 15.5 percent. Performing better than the market, the French shops affiliated with the Krys Group registered a 5.8 percent rise in sales ...
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Afflelou grows more than the market, too
Including its franchisees' revenues and those of its own stores, the French-based Afflelou Group's sales grew by 6.2 percent to €211.2 million during its second quarter, ended on Jan. 31. Sales increased by 6.6 percent in France, despite the negative impact of the “yellow vests” movement, and they went up ...
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Mister Spex facilitates payments, advertises on TV
Mister Spex, the German online marketplace for eyeglasses, is partnering with Computop, a provider of payment solutions, to process transactions in its stores. The Computop Paygate, the payment platform of Computop, enables Mister Spex' shops to accept payments made by customers through their smartphones with Google Pay and Apple Pay ...
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De Rigo takes aim at the U.S.
The De Rigo Vision group is committed to development in the U.S. market, having opened one of its 16 subsidiaries in Los Angeles three years ago, following its acquisition of REM Eyewear. In 2018, the operation yielded 15 percent of the group's global revenues, but ambitions are running higher. Maurizio ...
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A year of transition for Italia Independent
The close of 2018 confirmed the trends of the first half for Italia Independent Group. After heavy restructuring, revenues were down significantly, but margins were up, and an injection of new equity helped pay down debt. Moreover, although the group's overall revenues decreased, those of the eyewear segment went up.For ...
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Prescription lenses grow only in value in Europe
Sales of corrective lenses rose by 1.2 percent in value and volumes were flat during the 12 months through October 2018 in Germany, France, Italy and Spain, according to a survey by GfK that was presented at the traditional MAFO conference on the eve of the Mido show in Milan. ...
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The contact lens market keeps growing
In 2018, the market value of soft contact lenses to eye care professionals increased by 4.5 percent to €1,831 million, according to an annual study by the European Federation of National Associations and International Companies of Contact Lens and Lens Care Manufacturers (Euromcontact). The strongest growth was in Switzerland, where ...
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Strong organic growth for Bausch Health, despite heavy losses
Bausch Health's revenues for the fourth quarter grew organically by 1 percent from the year-earlier period, with organic growth across all its business segments. For the full year, they increased by 2 percent, also on an organic basis, marking the first year of organic revenue growth since 2015 for the ...
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Mido’s attendance improves slightly
The 49th edition of the Mido trade show, held in Milan on Feb. 23-25, drew 59,500 people from 159 countries, a little more than last year. The show had a new app, Pavilion 6 was expanded, and Lab Academy, an incubator for start-ups selected by a committee of experts, made ...
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A slightly positive outlook for the sector
The latest edition of the Mido Outlook survey showed that 50.2 percent of the respondents were positive about the future prospects for the eyewear sector over the next six months, while 53.7 percent were positive about the longer term. Only 8.5 percent of the respondents said that their present situation ...
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GrandVision buys Óptica2000
El Corte Inglés, the Spanish retail giant, has announced the sale of its optical retail chain, Óptica2000, to GrandVision, which declined to confirm a report in Hispanidad that it is paying €90 million for it, almost equal to one year worth of revenues. According to the latest figures released by ...
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GrandVision invests in an internet pure player
A couple of days before announcing its takeover of Optica2000 in Spain, GrandVision reported the acquisition of all the shares in Charlie Temple, without mentioning figures but claiming that it is the leading online optical retailer in the Netherlands and Belgium, although it started operating only in 2016. GrandVision said ...
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Essilor acquires Brille24
Essilor International, now a subsidiary of EssilorLuxottica, is acquiring a 100 percent stake in Brille24, one of Germany's major online retailers, with annual revenues of almost €25 million. The acquisition price has not been disclosed. The German trade magazine Handelsblatt, however, spoke with members of the negotiation teams and is reporting ...
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Essilor makes other acquisitions
Essilor International's current acquisition and partnership strategy includes the completion of four transactions worldwide. The pace of acquisitions is expected to pick up following the approval of the merger between Essilor and Luxottica by all the relevant anti-trust authorities around the world, which allowed the two companies to formalize their €48 ...
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Luxottica will leave the Milan Bourse, but may come back as Essilux
According to the latest report on its tender offer, EssilorLuxottica has increased its stake in Luxottica to 97.542 percent by buying out publicly trading shares as well as treasury shares held by the Italian group. Controlling more than 95 percent of the capital gives EssilorLuxottica the right to squeeze out ...
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Under new management, Fielmann targets Italy and Poland
The generational transition at the leading German optical retailing group is moving into its final phase with Marc Fielmann set to take over responsibility for corporate strategy from his father, Günther, in the course of the current financial year. As previously reported, he became joint chief executive in April of ...
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Strong rebound at Fielmann
A sales increase of about 8 percent in the fourth quarter enabled Fielmann to post an increase in its consolidated sales of around 2.9 percent to €1.43 billion for the past financial year, according to preliminary figures, and the positive momentum was maintained in the last few weeks, according to ...
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Germany’s eyewear industry was stable in 2018
In 2018, the German eyewear industry experienced a 0.5 percent increase in turnover to €4.46 billion, according to figures released by Spectaris, the trade association for the national eyewear industry. Domestic sales rose by 2.2 percent to €2.3 billion, while foreign sales decreased by 1.3 percent to €2.16 billion, mostly ...
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Slight uptick in Italy’s eyewear exports
Thanks to a slight increase in average selling prices, Italy's exports of prescription frames and sunglasses increased by about 1.1 percent to €3,378 million in 2018, according to preliminary data released by the Italian eyewear industry association, Anfao, on the eve of the big Mido trade show in Milan. The ...
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Safilo posts positive Q4 sales, ups Ebitda guidance
According to preliminary data, Safilo finished 2018 on a fairly positive note, with fourth-quarter sales coming in at €249.1 million in spite of big declines outside Europe and North America. They were up by 1.8 percent in reported euros and by 1.3 percent in local currencies beating market expectations by ...
