Latest Headlines – Page 74
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Investors remain concerned about Safilo’s future
While analysts believe that Safilo is undervalued at its current share price, they remain wary about the group's outlook. On top of the uncertainty regarding the LVMH licenses, observers have often criticized the company's business model, under which the bulk of its production is outsourced, forcing the company to yield ...
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A tough first half for De Rigo due to a lower Turkish lira
The crumbling of the Turkish lira has had serious consequences for De Rigo Vision, one of whose three optical chains, Opmar Optik, with 75 points of sale, operates in the country. The new monetary crisis that broke out in early August, shaking up the government of Prime Minister Erdogan, has ...
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Bollé Brands is born
Peter Smith has been appointed to the newly created position of president and chief executive for Bollé Brands, the new company formed by A&M Capital to run the Bollé Safety business and the consumer eyewear and helmet business of Bollé, Cébé and Serengeti recently bought from Vista Outdoor for $158 ...
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A good Silmo
The organizers of Silmo have reported a satisfactory level of business at the 52nd edition of the Paris trade show at the end of September. Roughly in line with the scores reached one year ago, it was attended by more than 37,000 professional visitors, 56 percent of whom came from ...
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New horizons for Thierry Lasry
Thierry Lasry, the fast-growing French brand of designer eyewear that won a special Silmo d'Or award at the Paris trade show a few weeks ago, has become well known for its original women's sunglasses, which tend to feature straight corners and sharp angles. It is now adding its first line ...
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Impressio’s 3D-printed glasses sell better than expected
Impressio, a Luxembourg-based start-up that uses 3-D printing to manufacture its frames, is one of the companies that won the Silmo d'Or award in September, with its 609 Vortex style of sunglasses.The company is considering bringing in new investors to help bring the production in-house and further improve its technology, ...
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Marble eyewear gets a prize, but…
Morà Busoli won this year's Silmo d'Or in the “Optical Frames: Eyewear Designer” category for its new Venti frames, made of marble and carbon. The Italian company had first shown its line at the Mido show in Milan last year, a few months before another Italian company in the same ...
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ic! Berlin and Mykita founders launch a new brand
Two months ago, the brand Haffmans & Neumeister – created by Daniel Haffmans, Philipp Haffmans and Jean-Pierre Neumeister in March 2017 – appointed Tjarko Bohlen to the position of chief executive officer responsible for sales. Bohlen previously worked for Mykita, the Berlin-based eyewear brand, serving as sales representative for ...
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Alcon posts mixed results
Alcon, the eyecare business of Novartis, posted a 3 percent sales increase for the third quarter, with growth of 5 percent in constant currencies. The Surgical business' increase of 7 percent in constant currencies was driven by double-digit growth for the company's advanced intraocular lenses, as well as continued growth ...
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Disposable lenses boost J&J’s sales
Johnson & Johnson's Vision Care division saw revenues jump by 6.2 percent in the third quarter. The management said that the contact lens business continued to grow above market trends on the strength of the astigmatism and daily disposable lenses in the Oasys family. In Vision Surgical, the company's global ...
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Exports, e-commerce and young leaders will be key
The release of the second edition of Mido Outlook, an international survey of the players of the eyewear industry, indicates that exports continue to be a key factor for the industry, for both Italian and foreign companies, with the U.S. emerging as the most attractive market and Italy also in ...
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Safilo launches a capital increase
The Safilo Group's board of directors decided yesterday to propose a capital increase aimed at raising up to €150 million in new equity through the issue of new shares. It has convened an extraordinary meeting of its shareholders for next Oct. 29 to approve its proposals, which are intended to ...
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The global eyewear market has been growing more slowly
Global sales of ophthalmic lenses increased by 2.1 percent in volume each year during the 2015-2017 period according to the latest edition of the biennial World Lens and Frame Demand Study by an authorititive consultancy company, SWV Strategy with Vision Management (SWV). First published in 2004, the study covers a ...
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Mister Spex publishes survey on digitization and the future of vision
Mister Spex has asked the German Institute for Trends and Future Research (ITZ), in Heidelberg, to conduct a survey on the future of vision and identify trends, challenges and opportunities. The more digitization takes over our everyday life, whether private or professional, the more time we spend in front of ...
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Grupo Devlyn is again 100% family-owned
After looking at other strategic options, the Devlyn family has bought all the shares it didn't own in Grupo Devlyn, one of the largest optical retailers in Latin America and presumably the largest privately owned optical retailing group in the world. It has bought back the minority stake that Linzor Capital, ...
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Luxexcel raises more funds, hires a new CEO
Luxexcel, a developer of 3D printing technology and services for ophthalmic lenses, announced a few days ago that it has raised another €13 million from Innovation Industries, a Dutch-based investment fund, together with other financial investors in the Netherlands, Belgium and Germany and with KLA Tencor Corporation, a U.S. technology ...
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Modo moves into 3D printing
Modo Eyewear, a rather special company that is growing quickly and that has interesting stories to tell, is moving into new territory with the launch of a collection of light and colorful 3D-printed glasses at the Silmo show in Paris at the end of this week. The fronts are made ...
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Italia Independent comes out of the red, sheds a license
In a joint decision with the licensor, Italia Independent will not renew the Adidas Original license for sunglasses and prescription frames which expires in December 2019. The Italian company said that it wants to focus on its own brands and partnerships with a “premium” positioning.Italia Independent booked a net profit ...
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Blackfin boosts management and production
Blackfin is still a relatively small player in the global eyewear market, but it continues to grow at a double-digit rate, and its parent company, Pramaor, is adapting to the rising demand with further investments in the manufacturing apparatus and the creation of new management positions.As previously reported, Pramaor's sales ...
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Fedon suffers a loss
The results for first-half of 2018 confirm a downward trend for the Fedon Group, a leading Italian eyeglass-case manufacturer that is trading publicly. After a 5.88 percent decline in turnover suffered in 2017, it had to endure a further decline of 5.5 percent for the first six months of this ...
