Latest Headlines – Page 92
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Luxottica puts acquisitions aside
Luxottica reiterated that it continues to monitor possible acquisitions. Massimo Vian, the group's chief executive, said that the focus is on opportunities to bolster the distribution network. He added that there are no talks regarding possible tie-ups with Essilor or Zeiss.Separately, the group's chairman, Leonardo Del Vecchio, noted that Luxottica ...
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Management changes at Luxottica
Luxottica is considering a simplification of its corporate structure in regional markets as well as an evolution in marketing to put more emphasis on digital communication. Meawnhile, Luxottica has reorganized its retail division by appointing Nicola Brandolese sole manager for both the sunglass and optical retail businesses. Previously, he was ...
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Rising numbers for Vision Ottica
Italy's Vision Group, which has 1,300 retail members with 1,700 outlets, has announced a 30 percent increase in the number of shops affiliated with its more closely integrated Vision Ottica network of franchised stores in the first quarter of 2016. Out of the 57 new stores that have joined the ...
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A strong yen stifles Hoya’s performance
Without giving specific figures, Hoya Corp. said its revenues from eyeglass lenses declined in terms of yen during the fourth quarter of its financial year, ended March 31, due to the strength of the yen against the U.S. dollar, the euro and the Thai baht during the period. In local ...
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Shamir launches a smarter mirror
Shamir had already created some excitement at the Vision Expo East fair in New York two years ago with the release of a tablet, called Spark, that allows the optician to measure electronically the customer's inter-pupillary distance and other parameters to fit a new pair of prescription lenses.At last month's ...
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Mondottica takes control in the U.S.
Mondottica International announced on May 9 that it has merged with Mondottica USA, changing its top management. In the merger, Harvey Ross has reduced its large majority stake to a minority share and Mondottica International has raised its small minority stake to majority control through an equity increase.Mondottica USA was ...
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Brando Eyewear hires industry experts
Michael Jardine, founder and “chief dreamer” of Brando Eyewear, has a knack for attracting experienced professionals, the same as with Brando's parent company, Mondottica International, which he continues to steer separately as its chairman.Julian Clarke has been appointed global commercial director of Brando Eyewear. The U.K.-based industry veteran was previously ...
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More financial problems in the French eyewear industry
Logo Eyewear, a major French eyewear company that has the license for Fred and Tag Heuer eyewear and many new projects with brands such as Rossignol, Leica and McLaren (see EWI Vol. 17 N° 3 of Feb. 26, 2016), is said to have run into financial problems. Officials of the ...
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Italia Independent, trouble at the top
One of the Italian eyewear industry's major success stories, Italia Independent, has just lost a managing director, co-founder and member of the board, Giovanni Accongiagioco. After spending four years as brand promotion manager of Fiat, he joined Lapo Elkann, brother of Fiat's current president, John Elkann, for the launch of ...
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Modo’s Eco eyewear made of castor oil resin
Modo Eyewear, a company based in New York with an office in Milan for the European, Asian and Middle Eastern markets, is enjoying strong growth. Declining to disclose the overall figures, managers of the company tell us that its sales grew last year by 22 percent in the U.S. and ...
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France’s Aoyama Optical sells 3D frames
Philippe Beuscart, the former country manager of Aoyama Optical who took over the French operation from its former Japanese parent company four years ago, has started selling a relatively affordable line of prescription frames, called We ddd and has signed global licensing agreements with two French apparel brands, Olivier Lapidus and ...
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Fedon, business down with the major eyewear producers
Giorgio Fedon & Figli, the world's leading producer of eyewear cases, quoted on stock exchanges in Italy and France, recorded sales of €17.2 million in the first quarter 2016, down by 5.5 percent year-on-year. That means a shortfall of a million euros in revenues due to a 10.3 percent drop ...
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Allergan posts strong sales growth
Allergan has reported revenues from continuing operations up by 48 percent to $3.8 billion for the quarter ended March 31, 2016, as compared to the first quarter of 2015. The strong performance was primarily driven by global sales of branded products and sales of top global products within the U.S. ...
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Anfao and EU fund training in Veneto’s eyewear district
Italy's association of eyewear manufacturers, Anfao, signed a two-year agreement with the Veneto region on May 5 to organize about 1,000 hours of courses for people employed or due to be employed in the eyewear sector, partly financed by public authorities.Those who are already employed in the sector, who operate ...
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The latest data for contact lenses in Europe
In 2015, sales of soft contact lenses (SCLs) to eye care professionals (ECP) across 33 European countries grew by 4.45 percent to €1,619 million, according to the most recent census released by Euromcontact, the short name for the European Federation of National Associations and International Companies of Contact Lens and ...
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The U.S. Optical Barometer moves to quarterly releases
The latest Optical Business Barometer (OBB) report from Jobson Optical Research, a survey designed to gauge business attitudes among independent eyecare professionals (ECPs) in the U.S., is now issued quarterly instead of monthly. Data are still collected each month, but then they are aggregated and analyzed on a quarterly basis. ...
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Vision charities work together
Optometry Giving Sight is farming out its fund-raising activities in the U.K. to Vision Aid Overseas, a UK-based international vision care charity, founded in 1985, which has already helped more than one million patients in emerging countries. The two charities have been working together since last year.Under the new structure, ...
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No growth at Fielmann
Germany's leading optical retailer reported its first sales decline in about ten years for the quarter ended March 31. Fielmann's consolidated revenues for the period went down marginally by 0.2 percent to €322.2 million. They were off by less than one percent on a comparable store basis, a spokesman for ...
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Essilor acquires Opti-Port in the U.S.
Making a further move in its partial verticalization strategy, Essilor has announced the acquisition of Opti-Port, a joint service platform, founded in 2001 and based in St. Louis, Missouri, whose 33 members operate about 400 different practices in the U.S. It supports its members with joint purchasing, web technology, training, ...
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Lenses drive Essilor’s strong growth in Q1
Essilor International has announced consolidated revenues for the first quarter of €1,784 million, up by 7.5 percent from the first quarter of 2015. On a currency-neutral basis, sales rose by 9.4 percent, above the guidance given by the management for the full financial year. On a comparable basis, sales went ...
