Latest Headlines – Page 82
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A new boss for GrandVision
GrandVision N.V. has found its next chief executive. Stephan Borchert will be moving from Sephora to take up the position by April next year. Borchert, 47, has in-depth retail experience gathered from his years as president of Red Earth in Hong Kong and managing director of the international business of ...
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Mondottica takes on the Benetton license
The fast-growing international group has announced the signing of an exclusive global license agreement for the design, production and distribution of a line of eyewear under the United Colors of Benetton brand. Mondottica is likely to sign another important, yet unnamed license soon, possibly before the start of the Silmo ...
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Iceberg comes back with Class Glassis
The Italian fashion brand is coming back to the eyewear market through a five-year licensing deal with Class Glassis, an Italian company created in 2011 by a former distributor of glasses to manage the eyewear license for another well-known Italian fashion brand, Marni, which was transferred to Marchon last year.The ...
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AVM 1959 signs up with Lamborghini
AVM 1959, the Italian company previously known as Allison, is expanding its brand portfolio by adding a license for a line of eyewear bearing the name of Tonino Lamborghini, the famous brand of luxury sports cars.The first sunglasses and prescription frames under this name will come out early next year ...
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L’Amy licenses Canali
While working on other new deals, L'Amy has signed a global, five-year license agreement for a collection of luxury men's sunglasses and optical frames to be sold under the Canali brand from next March. Made in Italy's Veneto region, it will initially consist of 14 prescription frames and 15 sunglasses ...
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Recovering, Italia Independent licenses Rossignol
After sounding out other potential partners, Rossignol has signed a co-branding agreement for eyewear with Italia Independent as an accessory to the new line of lifestyle apparel that has been developed by the large French ski company. The first collection will be presented at the Mido show in Milan, at ...
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A new brand celebrates the Renaissance
Giovanni Accongiagoco, a co-founder of the Italia Independent Group, is celebrating the Renaissance and its creative values with a new brand called Catherine de' Medici 1533. The new brand is named after the Florentine noblewoman who married the second son of King François I of France in 1533. She is ...
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Blackfin refocuses on the Italian market
Because of the sluggish state of the domestic market in recent years, Blackfin's strategy has been to concentrate more strongly on its development abroad.Its leading markets are now Germany, Italy and the U.S., in that order, together representing 60 percent of total sales. For this company, known for its titanium ...
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Vanni plans to invest in Germany
The new president of the Italian optical industry association (Anfao) and the Mido trade show, Giovanni Vitaloni, has a company headquartered in Turin, called Nico, that spearheaded the recent development of designer eyewear brands in his country. His company is more commonly known as Vanni, which along with Derapage is ...
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Inspecs licenses Farah, escapes inspection
Inspecs has sealed a multi-year licensing agreement with Perry Ellis International for Farah men's ophthalmic glasses and sunglasses. It's the first eyewear license under this brand name. The collection will be unveiled at Mido show Milan in February 2018 and at Vision Expo East in New York in April.Farah, a ...
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Vista reassigns distribution roles
Vista Outdoor is restructuring international sales operations for its growing stable of sports and outdoor brands to make them more efficient and profitable and to adapt them to the changing structure of the market at retail and wholesale.Andrew Shand, the former vice president of international sales at Camelbak, will continue ...
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More funding for Luxexcel’s 3D-printed lenses
Innovative Industries, a Dutch-based venture capital fund, has invested €4 million in Luxexcel, a developer of 3D printing technologies. The equity investment will be used to accelerate the development of the next generation of Luxexcel's 3D printing platform for prescription lenses for use in augmented reality (AR) and virtual reality ...
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Coopervision’s sales increase across the board
CooperVision (CVI) saw revenues increase by a reported 7 percent to $437.3 million in the third fiscal quarter ended July 31 as compared to last year's third quarter. In constant currencies, the revenue increase was 8 percent.CVI's sales grew by 7 percent in the second calendar quarter, outperforming a contact ...
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New contact lenses for myopia and presbyopia
The Brien Holden Vision Institute and Mark'ennovy, a European-based manufacturer of monthly replacement contact lenses, have agreed on a strategic alliance that includes a worldwide exclusive licensing agreement for soft contact lenses. Under the terms of the agreement, the partners will develop and market an affordable line of soft contact ...
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The CIS eyewear market is due to be regulated
Several important bills are in the pipeline in the Commonwealth of Independent States (CIS), as Russia's president, Vladimir Putin, wants to tackle fake sunglasses in the domestic market, while members of Azerbaijan's parliament are planning to ban over-the-counter sales of any eyewear. At least 33 percent of the products from the ...
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Silmo celebrates its 50th edition
The Silmo eyewear show will be celebrating its 50th anniversary from Oct. 6 to 9 at the Parc des Expositions fairgrounds in the north of Paris, adding a number of special events to its usual schedule.Initially launched in 1967 as a plastics show in Oyonnax, close to the Jura region, ...
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Anti-trust authorities are still probing the Essilor-Luxottica merger
Anti-trust authorities in the U.S., Canada and Brazil have filed “secondary requests” for additional information and documents before giving their blessing to the proposed €46 billion merger between Essilor and Luxottica, which would create a global eyewear powerhouse with annual revenues of more than €15 billion.They are three of the ...
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Essilor cuts sales targets due to China and Brazil
Essilor International has revised down its sales outlook for the full year. It is now targeting organic growth of about 3 percent this year - on a comparable basis and at constant exchange rates - compared with a previous target of 3 to 5 percent. Including acquisitions, the target range ...
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Good sales growth at Hoya Vision Care
Hoya Corporation has reported a 10 percent increase in its sales of eyeglass lenses for the first quarter of its financial year, ended June 30. Eliminating gains on foreign currencies, sales of these products still went up by a high single digit, according to the group's management, driven by higher ...
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Luxottica’s sales disappoint but margins are resilient
Luxottica posted a 4.2 percent increase in first-half sales to €4,917 million, missing market expectations by about €40 million. At constant currency rates, the top line rose by 1.8 percent. On the other hand, the group's adjusted operating margin widened to 18.3 percent from 18.2 percent a year earlier. At ...
