Latest Headlines – Page 72
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More synergies with fashion houses
Angelo Trocchia believes that it is possible to achieve significant sales and cost synergies by better aligning the digital communication strategies and platforms of the licensees and the licensors. It's an area that offers a potential for “huge synergies,” he stressed.So, although fashion houses are often reluctant to grant access ...
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The impact of big data
Turning to the impact of new technologies on the eyewear industry, Trocchia believes that data analytics will be “fundamental” for an industry that has products with a short shelf life due to the rotation of the collections. Safilo currently develops three collections per year.Trocchia disclosed that he already has “a ...
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Fielmann invests in Fittingbox
Fielmann is going more digital under the new leadership of Marc Fielmann, son of the founder of the leading German eyewear retailer, introducing an element of augmented reality into its service offer. The largest German optical retailer, which is also very strong in Austria and Switzerland, has gone so far ...
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The digital channel is becoming more important
We already discussed in our last issue the criteria that consumers in the main European countries are using to choose a pair of glasses, based on the latest release of the semi-annual Optical Monitor (OMO) survey conducted by GfK. Sponsored by the Mido and Silmo shows, it was presented at ...
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New owners for OptoTech
The Schunk Group has acquired a 51 percent controlling stake in OptoTech, the big German-based developer and supplier of advanced free-form lens generators, polishers and other optical manufacturing machinery and related consumables. Its financial support is expected to help it to compete better with suppliers of similar size like Satisloh, ...
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OBE splits into two units
From the beginning of 2019, OBE Ohnmacht & Baumgaertner GmbH & Co. KG, the German producer of precision mechanical metal parts for eyewear and other industries, will change its name to OBE Holding GmbH and create a new structure for its activities. Founded in 1904, the family-owned group currently has ...
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Menrad invests in Mondottica
Menrad has acquired a substantial minority share in Mondottica International, the rapidly expanding eyewear group run by Michael Jardine. The two companies have already been working together for nearly four years on the German market. The idea is to expand the cooperation to other markets where Menrad has a stronger ...
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Revo appoints two senior managers
Revo, the brand of sunglasses licensed by B. Robinson since 2013, has announced two important additions to its executive team. Based at a new office in London, Gabor Kereszturi is filling the new position of European managing director, while Linda Laube is being given the newly created role of senior ...
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Russia’s Happy Look cuts margins
Russia's biggest eyewear retailer, Happy Look, sees its net profit shrinking in 2018. Viktor Gordeychuyk, the company's founder told a local news agency, Tospb, that the main reason is that the company has reduced its margins to achieve better customer retention.The net profit has been seen falling despite the gradual ...
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Zeiss claims above-market growth in vision care
Carl Zeiss said that its Consumer Markets segment, comprising the strategic Vision Care and Consumer Products business units, grew faster than the market nearly everywhere during the financial year ended on Sept. 30. It was driven by Zeiss branded eyeglass lenses – especially in China, Brazil and other emerging economies, ...
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New figures from Germany
According to new figures provided by GfK, the German optical retail market increased by 1 percent in the first eight months of this year, as compared to the same period of the previous year. The increase was mainly due to positive results by the bigger eyewear retailers. From January to ...
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Safilo successfully completes its recapitalization
Safilo successfully completed its capital increase, raising €149.98 million excluding related costs. In the initial subscription period that ran from Dec. 3 to Dec.17, 80.7 percent of the rights were exercised. As previously announced, Multibrands Italy, a unit of the Curaçao-based conglomerate Hal Holding that controls GrandVision, fully subscribed its ...
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Ongoing uncertainty about licensed brands
Safilo's prospectus revealed that in the first half of 2018, when its sales totaled €492.2 million, its fashion luxury business, consisting of models with recommended retail prices above €200, represented 27 percent of the total turnover.The premium, contemporary & lifestyle segment, with prices ranging from €80 to €200 per unit, ...
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Food for thought on bringing licenses in-house?
The documentation revealed that Safilo allocated the equivalent of 6.8 percent of its revenues to pay license royalties in the first half of this year. The percentage averaged 6.5 percent for the whole of 2017 and 8.6 percent in 2016, the last year of the Gucci license. Considering the drop ...
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Gearing up to trim the workforce
Safilo expects a 78.0-87.5 percent of the Ebitda improvement, representing 3.5-3.9 percentage points of Ebitda margin, will stem from a streamlining of the cost base thanks to job cuts and improvements in the supply chain. The reduction in overheads should total €30 million by end 2020.In the first half of ...
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Safilo signs a license with Missoni
Safilo has signed two five-year global licensing agreements for the Missoni and M Missoni brands, renewable at the same conditions up to 2029. Safilo had been Missoni's first eyewear licensee in the ‘80s.The two licenses are currently held by Allison Volta Mantovana 1959 (AVM 1959), which obtained the Missoni license ...
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Luxottica is authorized to buy Barberini
The Italian anti-trust agency, the AGCM, has authorized Luxottica's €140 million acquisition of Barberini, attaching some conditions. Under the terms set by the regulator, Luxottica will have to allow all market players wishing to buy lens blanks and non-corrective mineral lenses from the Italian mineral glass specialist without any obligations ...
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Maui Jim inspired the regulator for remedies
On Nov. 19, Luxottica informed the AGCM that it had reached an agreement with Maui Jim regarding its relationship with Barberini. The two parties have a supply agreement expiring in January 2019.The supply deal was renewed for five years, with the possibility for Maui Jim to renew it again twice ...
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Luxottica is losing market share in mineral-fitted sunglasses
Last year, sunglasses mounted with mineral lenses totaled about 17 percent of the European sunglass market in the wholesale segment in terms of value. In Italy, their market share was some 28 percent, up from about 25 percent in 2015.Luxottica controlled about 85 percent of the European and Italian markets ...
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Luxottica would have gained from stopping sales to third parties
The cost of producing mineral plano lenses can vary from €1 to €5 for a plain model, and from €15 to 20 for a polarized model with anti-reflective or other treatments, while lenses using rare earths, produced exclusively for Maui Jim by Barberini, can reach €25 to €30, according to ...
