Latest Headlines – Page 86
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Safilo sets up a global network of exclusive partners
Building on her past experience at Procter & Gamble, Safilo's chief executive, Luisa Delgado, has set up a “Global Partner Network” of 54 selected distributors, covering 75 countries around the world, with whom the company has negotiated special conditions that will benefit both parties. This “certified” group of loyal and ...
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Allison Volta Mantovana resumes its growth
AVM 1959 – the new name for the former Allison, acquired in 2014 by the Paladin investment group – generated sales of €30 million in 2016, up by 7 percent year-on-year, recovering from the drop recorded in the previous year when the transfer from its former base in Padua forced ...
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Austerity for Italia Independent after a bad year
Austerity measures are in the cards for the Italia Independent Group, after its negative performance in the first three quarters of 2016 was confirmed with the recent announcement of very poor results for the full financial year.The recently reported injection of €3 million in new equity has brought the company's ...
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Fedon increases margins, grows at retail
With revenues relatively stable at $71.6 million - up 0.33 percent - Fedon closed 2016 with higher margins. Ebitda amounted to €5.1 million, up by 19.3 percent, while Ebit grew by 30.2 percent to €3.2 million. Net profits also grew, by 8.4 percent, to €1.6 million, giving it a slightly ...
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Spy Optics returns to profitability
Spy Optics made a spectacular comeback in 2016, posting record net income after years of losses. Its net earnings for the year were its highest since 2004, reaching $804,000. They mark a stark contrast with 2014 and 2013, when the company incurred net losses of $1.9 million and $2.9 million, ...
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Etnia Barcelona goes through the roof
Etnia Barcelona is preparing for a big splash on April 20 with the opening of its flagship store in the famous Born district in the center of the Catalunyan city. It is the first venture in the retail sector for the Spanish brand of colorful glasses, which has experienced a ...
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LVMH joins forces with Marcolin
LVMH has chosen Marcolin as its new eyewear partner, confirming previous speculation in the media. Under the deal, the two companies plan to set up a joint venture in which LVMH will have a 51 percent stake and Marcolin the remaining 49 percent. LVMH, which is the world's largest luxury ...
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Marcolin announces a refinancing package
Marcolin announced the issuance of €250 million of new senior secured non-convertible notes expiring in 2023 and a new €40 million revolving credit facility. The proceeds of the new notes, along with the new revolving credit facility and the capital increase financed by LVMH, are intended to redeem €200 million ...
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Inspecs buys Killine
Inspecs says it has become one of the top ten eyewear companies in the world through the acquisition of all the assets of the Killine Group, an OEM manufacturer with 1,200 employees around the world that owns factories in China and Vietnam, producing over five million frames per year.A statement ...
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Mondottica is joining the big league, too
Mondottica Group announced today its acquisition of Lunettes Yves Cogan, an artisanal manufacturer of luxury eyewear in the Jura region of France. It did so shortly after its announcement of two new important licensing deals for the development, production and global distribution of the first full-fledged lines of eyewear under ...
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Italy’s eyewear production slows down
In 2016, the value of Italy's production of eyewear rose by 3.7 percent to €3,697 million, but marked a slowdown from the 12.4 percent and 9.4 percent increases enjoyed in 2015 and 2014, respectively, according to the Association of Italian Eyewear Manufacturers, AnfaoSales outside Italy absorb nearly 90 percent of ...
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Safilo’s sales slip less than expected
Safilo posted a 2.0 percent decline in full-year sales to €1,253 million as the group suffered from the loss of the Gucci license. Nevertheless, the group beat market expectations by about €8 million. At constant currency rates, revenues were down by 1.2 percent and even rose by 3.6 percent for ...
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Luxottica’s sales have been accelerating
Luxottica posted fourth-quarter sales slightly above market expectations, with the growth rate accelerating as compared with the first nine months of the year. The group has reported a turnover of €2,142 million for the period, up by 6.3 percent at actual exchange rates and by 5.2 percent at constant rates, ...
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Essilor posts good results ahead of its merger with Luxottica
Essilor International delivered strong results for 2016, ahead of the merger with Luxottica, which was announced on Jan. 16 and is expected to close toward the end of 2017. The world leader in ophthalmic lenses said that preparations for the deal “were progressing well.” Both companies are engaged in the ...
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Hoya’s eyeglass lens business picks up speed
Hoya Corporation's revenues from eyeglass lenses increased at a low single-digit rate in local currencies during the third quarter ended Dec. 31, according to the Japanese company's management, recovering somewhat from a slight increase in the second quarter.In the Americas, Hoya experienced a growth rate close to 10 percent, following ...
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Hoya enlists Aoyama France for Yuniku 3D
Hoya Vision Care launched its new integrated offer of spectacles and lenses, called Yuniku, at the Silmo trade show in Paris in September, as reported at the time. It presented it with the collaboration of Hoet, a Belgian studio with experience in 3D glasses, offering 12 shapes in nine different ...
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Silhouette starts making its own lenses
At last month's Opti show in Munich, many visitors were surprised to see the presentation by Silhouette International of its first line of single-vision and free-form lenses. They will be manufactured at the Austrian company's new production center, called the Silhouette Lens Lab, which officially opened on Feb. 3 at ...
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GrandVision grows across all product categories and regions
GrandVision reported revenues of €821 million in the fourth quarter of 2016, which represent a 7.8 percent increase at constant exchange rates. On a same-store basis, they increased by 3.8 percent, driven by a strong year-end performance, especially in the Other Europe segment, one of the group's three regional segment ...
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Fielmann accelerates in Q4, expands in Italy
Declaring itself pleased with its performance in Italy so far with its new store in Bolzano, the biggest optical retailer in Germany opened a new store in the northern Italian city of Vicenza last week and plans to open another one in nearby Verona at the end of March. Fielmann ...
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Germany’s eyewear industry grows by 1.5%
The German ophthalmic optic industry improved its turnover by 1.5 percent in 2016, reaching a level of €4,318 million, according to Spectaris, the national trade association of the industry. Sales grew by 2 percent to €2.204 billion in Germany and by 1 percent to €2.11 billion in other countries.Supplying the ...
