Latest Headlines – Page 85
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Cutler and Gross revises its sales structure
Cutler and Gross has completed the establishment of a new global sales force. Instead of taking orders directly from retailers as before, as many companies in the sector are still doing, it has set up a team of 12 agents all over Europe in recent months. The most recent agent, ...
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The European contact lens market grew by 5.7% in 2016
In 2016, sales of soft contact lenses to eye-care professionals across 33 European countries increased by 5.7 percent to €1,742 million, according to an annual study by the European Federation of National Associations and International Companies of Contact Lens and Lens Care Manufacturers (Euromcontact). The results are based on figures ...
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J & J’s vision care posts double-digit growth
Johnson & Johnson (J&J) reported worldwide vision care sales of $798 billion for the first quarter of 2017, an increase of 24.7 percent as compared to the first quarter of 2016. Domestic sales for the segment increased by 26 percent to $305 million while international sales jumped by 23.9 percent ...
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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, ...
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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 ...
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U.S. Optical Barometer shows a decline in Q1
The latest Optical Business Barometer (OBB) showed a decline in the first quarter of 2017 when compared to the first quarter of 2016, with the rating falling to 3.94 as compared to 3.98 in the same quarter last year. The OBB is a survey designed to gauge the attitude and ...
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Philipp Plein launches eyewear
Named after a Munich-based designer who is now only 39 years old, Philipp Plein is a fast-growing consumer brand that is meant to appeal mainly to status seekers, particularly in emerging markets like Russia and China where it is said to be particularly well-known. The brand is part of a ...
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A new playing field for Briko
Briko, the Italian brand of sport eyewear, helmets and garments for cycling and winter sports, exhibited for the first time at Mido last month. It got a big space in an area of the fair where other sports brands had been invited to exhibit, but they did not show up. ...
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Vuarnet targets breakeven results in 2018
Vuarnet, the well-known French brand of mineral sunglasses, is growing fast and moving into new markets, while building up its brand image in its two main markets - France and the U.S. – in partnership with selected retailers. Its sales grew by 45 percent to about €10 million last year, ...
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J&J completes the purchase of AMO and updates its structure
Johnson & Johnson (J&J) has completed the acquisition of Abbott Medical Optics (AMO), a wholly-owned subsidiary of Abbott. The all-cash $4.3 million acquisition, which was originally announced in September 2016, includes Abbott's products in the areas of cataract surgery, laser refractive surgery and consumer eye health. Following the acquisition, these ...
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Better margins and market shares for CVI
CooperVision claims that it continued to grow faster than the overall soft-contact lens market in the fourth quarter of 2016, with sales rising by 10 percent in a market that grew by 6 percent to an estimated global level of $1,830 million, according to the Contact Lens Institute. The actual ...
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Interesting market trends in China, Russia, the U.S. and Japan
Russian consumers enjoy the cheapest selling prices for prescription frames, and even more for sunglasses. The Chinese are the biggest buyers of discounted optical products, which tend to carry the largest rebates. While Americans are the biggest buyers of optical glasses online, the Japanese stand out for a particular low ...
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The Italian fashion industry forms an umbrella association
After two years of preparation, the Italian fashion industry has given birth to a common umbrella association for its apparel, footwear and accessories segments, called Confindustria Moda. The new confederation will be positioned above Sistema Moda Italia, which groups textile and apparel firms, and Fiamp (Federazione Italiana dell'Accessorio Moda e ...
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Richemont teams up with Kering for Cartier
After LVMH's tie-up with the Marcolin Group, the other two major luxury goods group in the world, Kering and Compagnie Financière Richemont have reported on a different and interesting new partnership in the eyewear sector. Kering and Cartier, the most important brand of jewelry in Richemont's portfolio, have announced plans ...
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Vision Group soon to be floated in Milan
Vision Group, an Italian buying group with 1,700 retail members that operate more than 2,100 optical stores, has been accepted on the Elite program of the Milan stock exchange, and is likely to be floated by the end of the year.The group generated revenues €70 million in 2016, with a ...
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Krys gains market share in a flat market
According to I+C, a research company quoted by the Krys Group in its latest presentation of its results, the French optical market declined by 0.5 percent in 2016 on a comparable basis. Nevertheless, the French voluntary group claimed that it reinforced its leadership by raising its total market share by ...
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Luxottica issues a disappointing 2017 outlook
Is Luxottica reaching a saturation point, justifying in some ways its merger into Essilor International? The giant Italian eyewear company says that its revenues will rise by a low to mid-single-digit rate in local currencies this year, roughly in line with its relatively lackluster performance in 2016. Last year, the ...
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Luxottica has started its own lens lab
Like Rodenstock or, more recently Silhouette, Luxottica has started offering complete packages of lenses and frames. Irrespective of its agreement to merge with Essilor International, it has started producing ophthalmic lenses at a new facility at Sedico, close to its logistic hub and not far from its main factory for ...
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Safilo’s efficiency drive hits snags
Safilo warned that it will suffer a 15-20 percent decline in the sales of ongoing brands in the first quarter of this year due to delivery delays stemming from a longer-than-expected upgrade of its logistics center in Padua, near its head office in Italy. The group aims to recoup lost ...
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Safilo books a massive writeoff in Asia
Safilo's net loss widened to €142.1 million for the 2016 financial year from €52.7 million a year earlier as one-off charges rose to €159.8 million from €60.5 million. For 2016, the group has booked an impairment loss on the goodwill of its Far Eastern business of €150.0 million. The activity ...
