Latest Headlines – Page 81
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Going Forward Brands drive Safilo
In releasing its results for the third quarter, the Safilo Group's management reported that operations have returned to normal at its distribution center in Padua. The switch to a new order-to-cash system had caused delivery problems in Europe during the first quarter, resulting in lower sales in May and June, ...
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De Rigo accelerates, strengthens production and processes
Following an encouraging 9.7 percent increase in its wholesale revenues in the first nine months of this year, De Rigo Vision has announced a major investment in human resources. It has decided to hire 54 professionals, half of whom will work in production, 40 percent in the technical office and ...
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Brando buys Sunday Somewhere
Brando Eyewear, the luxury eyewear subsidiary of Mondottica, is acquiring an interesting Australian brand of fashionable and accessible sunglasses, Sunday Somewhere, which will benefit from the group's supply chain, its management expertise and other state-of-the-art resources. The takeover agreement, whose terms were not disclosed, was announced during last month's Silmo ...
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Premium Equity Partners acquires ic! Berlin
Premium Equity Partners, an investment company that focuses on medium-sized firms, has acquired 65 percent of the shares in ic! Berlin. The price of the transaction has not be revealed. Ralph Anderl, who was the sole owner of the company, is retaining a 30 percent interest and will become a ...
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Mykita upgrades retail platform, expands in Asia, goes into rimless
Mykita introduced an upgrade of its retail platform at the Silmo show in Paris last month. The Mykita Partner Portal, which went live two weeks later, includes a B2B online store that gives its retail clients 24/7 access to the full product portfolio, simplifying the ordering process and providing real-time ...
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Visottica partners with two Italian firms
Visottica Comotec, a global leader in the eyewear component sector, recently signed a strategic partnership with Ookii, an Italian company with more than 30 years of experience in micromechanics, and Matrix, the leading Italian producer of components made with mechanical injection molding (MIM) and micro-casting.The partnership is backed by the ...
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Hoya partners with Orgreen for Yuniku
Hoya Vision Care announced a new collaboration with Orgreen, an eyewear producer from Denmark, for its integrated offer of spectacles and lenses, called Yuniku and launched at the Silmo trade show in Paris a year ago.From this December, Orgreen by Yuniku will be available for all opticians that have installed a ...
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Götti sets up a U.S. office
Götti is setting up its own sales subsidiary for the U.S. market this month, with an office and warehouse in New York. The subsidiary, Götti USA, will be run by Maria Schneider, a German manager from the financial sector who has lived in the U.S. for 25 years. Her husband, ...
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New synergies in the Design Eyewear Group
Denmark's Design Eyewear Group, which bought the assets of Kilsgaard Eyewear last February, has decided to add this Danish brand to the sales network of Face a Face, another brand of the same group, for almost all markets. The Design Eyewear Group's own sales team will handle Kilsgaard in the ...
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Silmo celebrates 50 years with a bang
The number of visitors at Silmo grew by 10.6 percent to a total of 37,337 for the 50th edition of the French trade show, which ran from Sept. 23 to 26. While the number of French visitors increased by 8.8 percent, attendance from abroad went up at an even stronger ...
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Fleye wins a special Silmo award
Fleye Copenhagen won the prestigious Silmo d'Or Premiere Classe Special Award at the international eyewear show in Paris at the beginning of October. The winner in this category is chosen out of all the nominees in all eight Silmo d'Or award categories. The award includes a free booth for the ...
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Silmo Istanbul will offer extended floor space
The fifth edition of the International Silmo Istanbul Optical Fair will take place from Nov. 30 to Dec. 3. The organizers of the event said the trade show will offer 1,500 square meters of additional floor space, an extension which is likely to attract an increasing number of professionals. Since ...
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Opti looks to the future shopping experience
Next year, when it will be celebrating its 20th anniversary, the international German trade show in Munich will not be looking to the past, but to the future. The 0pti 2018 exhibition, scheduled for Jan. 12-14, will feature a new “Futureshop” where opticians will be able to experience technological innovations ...
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Mixed results for Valeant
Valeant Pharmaceuticals, the parent company of Bausch + Lomb, saw revenues for the third quarter decline by 10 percent from the same quarter in 2016, down to $2,200 million. However, it said that its Bausch + Lomb and International segment achieved a healthy performance, with strong 6 percent organic revenue ...
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Novartis delays decision on Alcon spinoff until 2019
Novartis has announced that any potential action about Alcon turning into a stand-alone company is “not likely before the first half of 2019.” According to Reuters, Novartis' chief executive, Joe Jimenez, told reporters that what the company “would be considering right now is a separate listing,” and those shares would ...
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The Essilor-Luxottica merger hits a snag in Brussels
The European Commission has decided to open an in-depth antitrust investigation into the proposed merger between Essilor International and the Luxottica, due to concerns that it may reduce competition for opththalmic lenses. It will also investigate its effects on the market for eyeglasses. The review is expected to take up ...
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LVMH invests in Gentle Monster
After teaming up with the Marcolin Group, LVMH has indirectly acquired a stake in Gentle Monster, the fast-growing Korean producer of original eyeglass frames and sunglasses, known for their “weird beauty.” It has become the largest shareholder after the company's founders, Jay Oh and Hankook Kim, through one of its ...
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Alain Mikli joins Gold & Wood
Alain Miklitarian, the innovative eyewear designer better known as Alain Mikli, is coming back to the eyewear sector as artistic director of Gold & Wood, the high-end manufacturer of frames based in Luxembourg, starting with next month's Silmo show in Paris. The fruits of his input should begin to be ...
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Specsavers grows by 6.6% in constant currencies
Specsavers' revenues for the fiscal year ended in February were up by 4.1 percent over the previous year to 2,270 million pounds (€2.56bn-$3.06bn), or by 6.6 percent in constant currencies. In its annual report, the international U.K.-based optical retail chain said it has embarked on a journey to transform what ...
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Fielmann continues to expand in Italy
Fielmann is planning to end this year with a network of ten stores in northern Italy. The giant German optical retail chain opened its latest stores in the Italian cities of Vicenza, Verona, Trento, Varese and Piacenza. Encouraged by the initial results, it wants to raise the Italian network to ...
