Latest Headlines – Page 79
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Italia Independent goes for another capital increase
The Italia Independent Group's board of directors has announced its intention to analyze the opportunity of new strategic partnerships and to propose another capital increase in order to support the brand's relaunch. A spokesman for the company indicated that it is looking in particular for a licensee or another industrial ...
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A new challenge for Monica Dal Cin
As we reported briefly in our last issue, Monica Dal Cin, an Italian veteran of the eyewear industry, has been named managing director of Area 98, the company that produces Coco Song, La Matta, Robert Rudger and other lines, with responsibility for sales and marketing.What we didn't say is that ...
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Spektre aims higher with its business model
Spektre, a nine-year-old Italian company that has found its place in the international eyeglass market through an interesting business model, is seeking to expand through license agreements or through mergers or acquisitions like those it has recently tried to carry out, albeit without success.In eight years, the company's sales have ...
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Glorify seeks crowdfunding
Back in 2008, Glorify Unbreakable caused a stir at the Opti show in Munich with prototypes of an unbreakable range of glasses. While the idea was engaging, it was quickly apparent to stand visitors that it was more of a concept than a product ripe for full serial production.The inventor, ...
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PogoTec is going public
PogoTec, which makes electronic wearable devices with an embedded point-of-view camera and augmented reality system, is preparing for a listing on the the Nasdaq stock exchange.The U.S.-based company has announced that its initial public offering of up to $32 million has been validated by the U.S. Securities & Exchange Commission ...
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GrandVision's store expansion boosts 2017 revenues
GrandVision said the expansion of its retail network made the highest contribution to the company's annual growth in its history last year, adding 1.7 percentage points to the turnover, according to preliminary figures. The number of stores rose by more than 250 in 2017 to a total of 7,001 units, ...
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Luxottica grows by 4.3% currency-neutral
Luxottica posted a 2.3 percent decline in fourth-quarter revenues to €2,093 million, due to adverse currency rates, but beat market expectations by about €25 million. At constant exchange rates, the top line grew by 4.3 percent, driven by Europe, North America, Australia and Brazil.The momentum appears to be strong, as ...
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Safilo’s quarterly sales drop sharply, especially in Europe
Hal stated earlier this week that it does not plan to modify its 42.2 percent stake in Safilo. The comments were released after Safilo's share price had surged on speculation that the Dutch investment group could buy out Safilo's minority shareholders, or that Safilo could be taken over by a ...
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Eschenbach records a strong 2017
The fresh winds promised by a management change two years ago seem to be filling the sails at Eschenbach Optik. Without giving specific numbers, the largest eyewear producer in Germany, which is also a major global supplier of low-vision equipment, says it enjoyed solid growth across all markets, except the ...
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De Rigo makes executive changes
De Rigo has announced executive changes for its North American, Middle Eastern and U.K. branches as part of its internal reorganization. Alessandro Baronti is the new president of De Rigo Rem, the North American branch, based in Los Angeles. He replaces Steve Horowitz, who held that role for the past ...
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Smartphone icons become an eyewear brand
The term Emoji comes from the Japanese language, combining the words “picture” (e) and “character” (moji). If many are not familiar with the word itself, almost everyone in this digital era is using emojis on a daily basis. They are the small colorful icons used to cheer up SMS, emails, ...
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Hoya Lens grows strongly
A 16 percent jump in sales of eyeglass lenses helped Hoya Corp. to register a 10 percent sales increase on a currency-neutral basis in its Life Care segment during the third quarter ended Dec. 31. The acquisition of Performance Optics in the U.S. and strong sales growth in the Americas ...
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More action at Zeiss
Carl Zeiss unveiled an innovative new digital system for 3D centration data determination at Opti that assists partnering opticians to provide consumers with a pair of glasses that are better fitted to their needs. With the launch, the Vision Care and Consumer Products division is aiming to maintain the regained ...
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CooperVision sets up a Specialty Eye Care unit
CooperVision is continuing its bold expansion moves with the creation of a Specialty Eye Care business unit, saying that is designed to accelerate eyecare professionals' access to innovative products. Juan Carlos Aragon has been named president of the business, which groups some recent acquisitions.The new Specialty Eye Care business includes ...
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Novartis should decide on Alcon by mid-2019
Novartis said it has made significant progress in the ongoing strategic review of Alcon, and could take a final decision on whether to keep it, or not, by June next year. As previously reported, the group announced in early 2017 that it could sell or spin off its eye care ...
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J&J Vision Care posts strong sales
Worldwide sales for Johnson & Johnson (J&J)'s Vision Care unit increased to $1.12 billion in the fourth quarter of 2017, as compared to $721 million in the fourth quarter of 2016. U.S. sales rose to $433 million, up from $265 million a year ago. International sales accounted for $686 million, ...
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France is the biggest importer of eyewear in Europe
France became the biggest importer of ophthalmic optic products in the European Union in 2016, reaching a level of €1.37 billion, according to an annual report on trade flows in Europe released a few weeks ago by Spectaris, the German ophthalmic industry association. Germany, which held the first place in 2015, ...
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The German eyewear industry grows by 2.8%
The German eyewear industry experienced a 2.8 percent increase in turnover in 2017 to reach a level of €4.44 billion, according to figures released by Spectaris, the national trade association of the industry. Domestic sales rose by 2.1 percent to €2.2 billion, while foreign sales increased by 3.5 percent to ...
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Higher interest for Opti
Celebrating its 20th anniversary, Opti recorded positive numbers for visitors and exhibitors at the Messe München fairgrounds last month. Held on Jan. 12-14, the international trade show saw 28,430 visitors enter the turnstiles on a daily basis, up from 27,500 in the previous year. The 668 exhibitors from 40 countries ...
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Francesco Milleri is Luxottica’s new CEO
Luxottica has announced the departure of Massimo Vian, chief executive of the group in charge of product and operations, ahead of the company's planned merger with Essilor International. At the same time, the group has announced the nomination of a new chief executive, Francesco Milleri, a 58-year-old industry consultant who ...
