Latest Headlines – Page 78
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GrandVision’s sales reach €3.5bn
GrandVision has confirmed its preliminary sales figures published last month, with full-year sales rising by 5.6 percent in 2017 to €3,450 million, or by 3.5 percent on an organic basis. On a comparable store basis, they were up by 1.8 percent, or by 2.3 percent when adjusted for the effect ...
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The Continental European market grew by 0.2% in 2017
The optical retail markets in France, Germany, Italy and Spain rose by 0.2 percent in value at sell-out prices in 2017 to €17.6 billion, according to GfK's latest retail survey, driven by the German market, which rose by 3.2 percent.Germany was the second-largest market in the panel of four countries, ...
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Interesting long-term trends in the market
GfK has a good grasp of the optical market, with more than 160,000 optical retail shops around the world supplying their sell-out data for its retail panels, on top of its consumer surveys. It has been following the evolution of the market for many years, allowing it to draw some ...
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De Rigo sales increase by 5.5%
De Rigo posted sales of €429.5 million in 2017, up by 3.8 percent in euros and by 5.5 percent in local currencies. Wholesale revenues increased by 8.1 percent at constant currency rates to €254.1 million, lifted by the acquisition in 2016 of Rem Eyewear and higher sales of licensed brands ...
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MPG passes the €100 million sales mark
The Michael Pachleitner Group (MPG), the Austrian-based lens and eyewear company, has announced annual revenues of €114 million for 2017, a 16 percent increase as compared to 2016, when it had already bounced to €98 million from €86 million in the previous year.All product categories contributed to last year's growth ...
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L’Amy America boosts its operations
L'Amy America announced several new appointments and internal promotions ahead of the International Vision Expo East fair in New York. They should help keep up the momentum for the U.S.-based company, whose global sales are expected to grow at a double-digit rate this year, reaching a level of more than ...
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MIC, a new brand of eyewear from the Dolomites
Based in Italy's eyewear district around Belluno, Immagine 98 has been operating in the international market for some years with its X-Ide and Rye-Lye brands. The company showcased another new brand, MIC Made In Cadore, with a special installation at last month's Mido show in Milan. It's the result of ...
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Cooper’s future CEO eyes a 32% Ebit margin
CooperVision's revenues increased by 14 percent to $444.8 million in the first quarter of its financial year, ended Jan. 31. On a comparable pro forma basis, excluding foreign currency gains and the acquisition of Paragon in December, its sales grew by 7.6 percent, with increases of about 9 percent in ...
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A good Mido
The show's organizers announced a 4.9 percent increase to about 58,000 in the number of trade visitors entering the fair, as compared to a year ago. Their geographical breakdown could not be obtained, but the business climate seemed to be relatively good.Coupled with a 5 percent increase in the space ...
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Online sales expand in various countries
The latest edition of the Optical Monitor (OMO), the semi-annual consumer survey commissioned to GfK by the Mido and Silmo trade fairs, involved 4,830 consumers questioned in the U.S., China, Russia and Japan in December and January. Presented on Feb. 25 at the Mido trade show in Milan, the survey ...
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Eyewear ownership rises in the U.S.
The ownership of ophthalmic optical products rose last year in the U.S. in all the categories, according to GfK ‘s latest OMO Optical Monitor, but it remained higher in the main Western European countries. It increased in most of the categories in China, and it declined somewhat in Russia and ...
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Italy’s eyewear output rose by 2.9% in 2017
In 2017, the value of Italy's production of eyewear rose by 2.9 percent to €3,805 million, according to preliminary data released by the association of Italian eyewear manufacturers, Anfao, ahead of the big Mido trade show in Milan.The increase was driven by exports, which absorb nearly 90 percent of the ...
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Investors wonder about Safilo’s future under new leadership
Safilo announced on Friday, Feb. 16 that its chief executive, Luisa Delgado, is retiring on Feb. 28 for “personal reasons.” The announcement was unexpected and furtively made after the close of the Milan stock exchange on Friday evening. But the transition was obviously well prepared because the 51-year-old manager will ...
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Vittorio Tabacchi claims “too many mistakes” were made at Safilo
Vittorio Tabacchi, former chairman of Safilo and son of the company's founder, Guglielmo Tabacchi, said that “too many mistakes” had been made at the company, in which his family still has a 9.22 percent stake through the firm Only 3T according to bourse filings.In an interview with the daily Il ...
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Alaïa launches sunglasses through Kering Eyewear
Alaïa has announced the expansion of its portfolio of products with the launch of sunglasses, produced in partnership with Kering Eyewear. The portfolio of the Parisian fashion house, which is part of Richemont, already includes ready-to-wear, couture, fragrance, and leather accessories. Kering Eyewear develops and distributes eyewear for Saint Laurent, ...
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The Alviero Martini brand goes to Ioves
Ioves, an Italian eyewear manufacturer operating since 1950 in the Cadore district, has acquired a global three-year license for sunglasses named after Alviero Martini, an Italian brand of leathergoods and vintage travel bags. The license had been for many years in the portfolio of Sover, another Italian company that closed ...
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New brand and investments for Inspecs
Inspecs, the British eyewear company has been investing and reorganizing itself in many areas since it took over one year ago the Killine group, an OEM manufacturer based in Macau with factories in China and Vietnam, and a design office in Lisbon, Portugal.The Bath-based company, which claims to be the ...
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L’Amy is expanding
French eyewear is far from being doomed, despite the recent demise of Logo Eyewear and some smaller firms. To prove it, another big French player, the L'Amy Group, is doing better. It started to break even in 2017, after several years of losses, and it now has some interesting new ...
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Maui Jim moves into the optical world
Maui Jim, the American brand of polarized sunglasses, has been gradually launching its first full ranges of prescription frames and ophthalmic lenses, in tune with what Oakley and other major eyewear brands have been doing recently, backing up this new project with an additional lens manufacturing facility in Europe.The move ...
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IC! Berlin invests in a new online strategy
Ic! Berlin has hired Pablo La Rosa for the newly created position of global brand director. La Rosa has been tasked with bringing the brand into the digital world and helping to re-define the company's identity. A 20-year marketing expert from outside the eyewear industry, La Rosa has been working ...
