Latest Headlines – Page 88
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Rodenstock sets up a U.S. subsidiary
The German company has announced that it will re-introduce its lines of prescription frames and sunglasses in the U.S. as of Jan. 1 through a new sales subsidiary. Located in Sheridan, Wyoming, it will be headed by Chris Juergens, who worked for Silhouette for 15 years, the last nine as ...
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Moscot sets up a European office
Moscot, the New York-based eyewear brand, has widened its European footprint with the opening of a new office in Lugano, Switzerland, for Europe and the Middle East. To take care of customs clearance and service its clients in the region, it has also contracted a third-party logistics firm with a ...
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The Pope's optician has his eye on unusual designs
Alessandro Spiezia is no ordinary optician, and not just because the head of the Catholic Church is one of his customers. The Pope's optician stands out also by the originality of the models he selects for his customers, and the minute size of his premises. Called Ottica Spezia, his store ...
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Budri adapts marble to eyewear
Marble glasses are now a reality. Its rather unexpected use of marble follows the introduction in eyewear frames of titanium, wood, carbon, paper, denim and other materials such as onyx and semi-precious stones.Budri, an Italian company specializing in marble objects and decoration, showcased the first collection of marble eyewear at ...
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Thierry Lasry plans to launch a men’s collection
Following on the opening of a flagship store on Paris' Left Bank in May 2016, Thierry Lasry, the French maker of handmade fashionable sunglasses that have graced the temples of international celebrities, aims to expand the brand's offering by branching out with a men's collection.Léonard Lasry, who founded the independently ...
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Denmark’s Fleye is eyeing expansion in Europe
With its new management team and new corporate identity, Fleye is stepping up efforts to broaden its footprint from its core market in Scandinavia into other European markets like Italy, France, Germany, Spain and Greece, the company said at the Silmo trade fair in Paris. The 14-year-old Danish eyewear design ...
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CooperVision accelerates
CooperVision experienced its strongest growth in 11 quarters in the three months ended Oct. 31, which marked the fourth quarter of Cooper Companies' financial year. CVI grew by 10 percent to $411.7 million in the quarter, up by 11 percent in constant currencies, outperforming again the market, particularly in Europe ...
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Mister Spex’ study sees Norway and Italy as best eye care providers
Mister Spex recently released The World Eye Care Coverage Index, an overview of the current status of eye health across the world. Using data from institutions such as the World Health Organization (WHO) and the World Bank as well as the health ministries of various countries, The leading German online ...
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Germany is the biggest market for imported eyewear
Germany became for the first time the biggest importer of ophthalmic optics products in the European Union in 2015, reaching a level €1.28 billion, according to an annual report by Spectaris, the German ophthalmic industry association, on trade flows in Europe. France came in second place with an import value ...
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The European eyewear market grew by 2.8% in the first quarter of 2016
Consumer spending on eyewear products grew by 2.8 percent overall in value to €8.8 billion during the first six months of 2016 in four major European markets: France, Germany, Italy and Spain, according to GfK. The growth was partly due to a general tendency to prefer more expensive items, according ...
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Multichannel shopping is on the rise
More and more customers consult the internet before purchasing a pair of glasses. An online survey conducted by GfK among 6,002 consumers in five European countries at the end of February shows that 20 percent of them used the internet to gather information about spectacles and 26 percent for sunglasses, ...
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Ineurope, a new group of voluntary groups
Six voluntary groups of independent opticians in seven European countries have decided to join forces to share experiences and best practices in the optical and hearing aids segments in order to help their 4,500 members to do a better job, maximizing sales and profits. They want to help each other ...
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Alain Afflelou wants to go public again
As we had previously reported, the shareholders of Alain Afflelou were considering several options to cash out of the company and to provide it with new financial means for its international expansion (Eyewear Intelligence vol. 17 N° 9, July 4, 2016). In the end, they have decided to raise more ...
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Mixed results for GrandVision
GrandVision's sales rose by 3.2 percent to €2,495 million in the first nine months of 2016, including a 2.2 percent increase in the third quarter. The devaluation of the British pound and some currencies in emerging markets had a negative effect of 3.0 percentage points in the nine months. At ...
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Margins are off at Fielmann
Fielmann has reported a further increase in sales during the third quarter ended Sept. 30 – in both volume and value – but the operating, pre-tax and net earnings declined as compared to the year-ago period.While consolidated revenues went up by 2.0 percent to €346.8 million for the quarter, with ...
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Luxottica posts reassuring Q3 results, sees growth in 2017
Luxottica posted third-quarter results in line with market expectations, reassuring observers after the company issued a profit warning in July. The company was upbeat about the fourth quarter and expects 2017 to be a year of growth.For the third quarter ended Sept. 30, Luxottica posted sales of €2,225 million, up ...
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Safilo reinforces its presence in Northern Europe, new leader for Western Europe
Safilo has created a new business region combining the U.K. and Ireland with the Nordic countries of Iceland, Sweden, Finland, Norway, Denmark, and the Baltics. The new Northern region will be led by Fréderic Laffort, who will also maintain his roles as country manager of Safilo U.K. and global department ...
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Uvex focuses on digital
Creating a new position, the German group has appointed a chief digital officer, Olaf Lamberz, to develop new digital processes and business models and to address new target groups in an increasingly complex market. Reporting directly to the group's chief executive, Michael Winter, he will start with Uvex's sports eyewear ...
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Hoya buys Performance Optics
Hoya Corp. announced a definitive agreement to acquire Performance Optics from Wind Point Partners. The business includes Vision Ease, a large player in the U.S. market for polycarbonate eyeglasses, and Daemyung Optical (DMO), the second-largest Korean supplier of optical lenses, which is particularly strong in high-index cast lenses.With manufacturing facilities ...
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Essilor remains optimistic in spite of weak sales
Essilor International posted weaker-than-expected revenues in the third quarter, largely due to sluggish sales in the U.S., which remains its biggest single market. They increased by 6.4 percent from the year-ago quarter to €1,723 million, or by 7.2 percent without the effects of currency fluctuations. On a comparable basis, the ...
