Latest Headlines – Page 84
-
Article
Higher sales and profits at Zeiss
The Zeiss Group reported a 4 percent sales increase to €553 million for its combined Vision Care & Consumer Products division in the first six months of its financial year through March 31. Company officials indicated that the profitability of the segment has been improving as well.The higher profits are ...
-
Article
Shamir offers lenses in four hours
Residents and tourists in the Paris region will be able to get a new pair of high-tech lenses in four hours, made by Shamir through a new patent-pending process at a new laboratory installed at its French subsidiary's office in the suburban town of Collégien. Called Shamir InoTime, this rather ...
-
Article
Optoplast’s parent will work with Continental
After moving into lenses with the acquisition of Jay Kudo, the Millmead Optical Group of the U.K. has made an unspecified investment in Continental Eyewear. A public statement says that Millmead will give Continental access to its own logistics platform in the U.K. and to its international distribution network.The statement ...
-
Article
Hilco Vision acquires LBI’s cases and accessories division
Hilco Vision has announced the acquisition of LBI's cases and accessories division. Hilco said in its statement that Chett Lehrer, the former owner, will remain in place, and that LBI's cases and accessories division operations, currently located in Las Vegas, will also remain where they are, to ensure continuity for ...
-
Article
Heidelberg Engineering acquires Medisoft
Heidelberg Engineering has announced that it has acquired 100 percent of Medisoft, a U.K.-based provider of Electronic Medical Record (EMR) software solutions for the ophthalmology market. The financial terms of the transaction were not disclosed. Based in the German city of Heidelberg, Heidelberg Engineering is a high-tech imagining solutions provider ...
-
Article
Julbo widens its offer with Solar
As previously announced (Eyewear Intelligence Vol. 18 n°2+3), the French sports eyewear company has decided to revive the Solar brand of sunglasses, which disappeared from the market for more than 25 years when L'Amy stopped its development in 1989. In a smart move intended to complement its present offer of ...
-
Article
MPG is looking for a retail partner in Italy
The Michael Pachleitner Group (MPG), the diversified Austrian optical group, is now looking for partners among the Italian optical chains with which it can collaborate closely, especially as a supplier of lenses from its Schulz laboratory in Germany. Specifically, MPG is interested in possibly acquiring minority shares in family-owned chains ...
-
Article
Alcon’s recovery is slowly on track
Novartis reported sales for its Alcon eye care business of $1.4 billion in the first quarter, down by 1 percent versus last year's first quarter. In constant currencies, Alcon sales increased by 1 percent. Novartis said Alcon's growth plan is on track, with ongoing actions to accelerate sales and innovation, ...
-
Article
CooperVision’s sales driven by silicon hydrogel products
CooperVision (CVI) saw revenues increase by a reported 4 percent to $408.5 million in the second quarter of its financial year ended Apr. 30, 2017. In constant currencies, the revenue increase was of 7 percent. Growth was primarily driven by its silicon hydrogel products, with daily silicone hydrogel lenses up ...
-
Article
Vision Source replaces Luxottica as the biggest U.S. retailer
With collective revenues of $2,632 million in 2016, for the first time Vision Source has taken the lead in Vision Monday (VM) Top 50 U.S. Optical Retailer's Report, which has just been released. The report exclusively assesses rankings based on 2016 calendar year sales. Vision Source, which was acquired by ...
-
Article
New report highlights need for better UV protection
The Vision Council has released “UV Gotta Have Shades,” its newest report about UV protection. The document, which is meant for the vision industry at large as well as the media, highlights the habits of American adults and children regarding exposure to the sun's UV rays. Data are drawn from ...
-
Article
Hans Anders has a new investor, 3i
A large investment fund, 3i, has announced an investment of €200 million in Hans Anders, purchasing an unspecified majority stake in the Dutch-based optical discount retail chain. Company officials will only say that 3i will own the vast majority of the shares, with members of the management holding a minority ...
-
Article
GrandVision buys Tesco Opticians, looks for new CEO
Vision Express, the British optical retail chain controlled by GrandVision, has agreed to acquire the network of 209 Tesco Optician stores, located in some of the larger Tesco supermarket stores in the U.K. and Ireland. The financial terms of the transaction were not disclosed.Tesco Opticians employs more than 1,500 people ...
-
Article
GrandVision registers strong growth in the first quarter
GrandVision's revenues for the first quarter of the year grew by 5.2 percent over the year-ago quarter to €821 million, with a 6.2 percent increase in constant currencies. On a comparable store basis, they increased by 4.1 percent, driven by strong sunglass sales, the timing of the Easter holidays and ...
-
Article
Bumper quarter for Fielmann
Sales rose by nearly 7 percent on a same-store basis during the first quarter of this year for the leading German optical retailer. The main reason was the addition of two extra shopping days as compared to a year ago, due to the later Easter holidays, company officials pointed out. ...
-
Article
New figures from Germany
At its annual press conference, the German opticians' association, the ZVA, estimated that the German optical retail market increased by 2.1 percent to a total turnover of €5.9 billion in 2016, as compared to the previous year. Excluding online retail sales, the market recorded a turnover of €5.7 billion in ...
-
Article
New stores and Salmoiraghi lift Luxottica’s sales
Luxottica increased first-quarter sales by 5.2 percent to €2,384 million thanks to favorable foreign exchange rates, the opening of new stores and the consolidation of the results of Salmoiraghi & Viganò, the Italian optical retail chain, which contributed about €40-50 million in additional revenues.Like Essilor, however, Luxottica is not growing ...
-
Article
Luxottica downsizes LensCrafters’ stores
Luxottica plans to reduce the size of LensCrafters locations in the U.S. by removing in-store laboratories and servicing the points of sale from central laboratories. Financial analysts expect the move to reduce the size of the stores by 40-50 percent, and the group said that the estimate is reasonable.It can ...
-
Article
Essilor posts strong revenues, boosted by acquisitions
Essilor International posted strong revenues for the first quarter of 2017, boosted by favorable currencies and recent acquisitions. They were 10.0 percent higher than in the year-ago quarter at €1,962 million, but on a comparable basis they were up by only 2.4 percent. Newly acquired companies inflated its revenues by ...
-
Article
Rodenstock’s turnover is flattish
After rising for six years in a row, Rodenstock's sales were basically flat in the past financial year in terms of local currencies. In reported euros, they were down by 1.8 percent to €409 million, with declines of 1.5 percent in lenses and 6 percent in spectacles. Ebitda went down ...
