Latest Headlines – Page 93
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Zeiss Vision Care grows by 8%, driven by DriveSafe
The Carl Zeiss Group published results for the first half of its financial year, ended March 31, that show an 8 percent increase in revenues to €530 million for its Vision Care & Consumer Optics segment. The company attributed this progress in particular to product launches in the fields of ...
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Rodenstock expands lens production
With the backing of its new shareholders, the Rodenstock Group has decided to invest €20 million in the expansion of its lens production facilities in 2016 and 2017, or about 50 percent more than normal, and to hire 500 more employees at its production sites around the world, in response ...
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Marcolin grows by double digits
The Marcolin Group has reported a double-digit increase in sales last year. They reached €432 million, rising by 21 percent in euros and by 11 percent in constant currencies. The operating profit was in line with expectations, said the company, declining to add further details on the bottom line.Sales increases ...
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New CEO for Silhouette
Jan Rosenberg has been appointed as the new chief executive of Silhouette International, taking the place of David Rogger after two years in service. He will work together with Thomas Windischbauer, chief operating officer and chief financial officer of the big Austrian-based company founded and still 100 percent owned by ...
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Mandl will run MPG
The Austrian-based Michael Pachleitner Group (MP Group) is expanding its top management with the appointment of a seasoned Austrian executive, Heinzpeter Mandl, saying that his task will be the strategic development of its 360° service concept internationally.We know and appreciate Mandl from another publication of ours, Shoe Intelligence. At the ...
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J&J posts marginal rise in Q1 sales
For the first quarter of 2016 ended on March 31, Johnson & Johnson recorded sales of $17.5 billion, up 0.6 percent as compared to the first quarter of the previous year. Excluding acquisitions, divestitures and sales of drugs related to hepatitis C, worldwide sales rose by 6.9 percent on an ...
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VSP Global invests $2 million in Vizzario
VSP Global Partners has made a $2 million investment in Vizzario, a California-based technology startup, to develop eye care technologies that can track visual acuity, eye strain, traumatic brain injury and sports vision performance.Founded in 2014, Vizzario is an eye care technology company that analyzes data generated from smart devices, ...
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Silmo Sydney gets new support
In our last issue, we reported that the Optical Distributors & Manufacturers Association of Australia (ODMA) had approached the organizers of the Silmo show in Paris to stage a similar event in its country. We were wrong. The approach came from a local fair organizer, Expertise Events, which had ODMA's ...
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GfK sees a 7% rise in main European markets
The ophthalmic optics market rose by 7.0 percent in 2015 to more than €17 billion in Italy, France, Spain and Germany, according to GfK's Optics Panel, which covers opticians' sales of spectacle lenses, frames, sunglasses, contact lenses and lens care products. Progress was registered in all the countries and all ...
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GrandVision posts 13.2% growth, continues store expansion
The big international optical retailing group reported a stable adjusted operating margin before amortization (Ebitda) of 16 percent on sales €3,205 million for its fiscal year ended Dec. 31. Sales grew by 13.2 percent in constant currencies, driven by organic growth of 5.3 percent and growth from acquisitions of 7.9 ...
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Krys grows by 2.3% in a tough market
GfK reports that the French optical retail market rose by 3.4 percent last year. Quoting another market research company based in Paris, I+C, the Krys Group says it increased by only 0.5 percent and indicates that it may drop by 15 percent this year due to new governmental regulations on ...
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Vision Group adopts FittingBox
Vision Group is now offering FittingBox' marketing virtual try-on technology to its members. Krys, the French buying group that was a partner of the Italian group in a former European cooperative, Garro, had successfully introduced FittingBox in its stores five years. As reported in our last issue, Atol les Opticiens, ...
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Afflelou is entering China
Alain Afflelou, France's largest franchised eyewear group, will soon be opening its first stores in China, in partnership with the China-based MeiLu Vision group. Afflelou will make its debut in the country this spring with four stores in the Sichuan region, in central China, around 1,500 km from Shanghai and ...
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Luxottica’s net rises by 25.1%
Luxottica posted a 25.1 percent rise in net profits to €804 million for 2015, lifted by a previously reported 15.5 percent rise in net revenues to €8,837 million. The top line benefited from positive currency rates: at constant exchange rates, the group's revenues were up by 4.3 percent.On an adjusted ...
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Luxottica’s Q4 sales grew by 7.9%, missing expectations
Luxottica posted a 7.9 percent sales increase to €2,015 million for the fourth quarter of 2015, coming short of analysts' expectations of a turnover of €2,130 million for the period. On a currency-neutral basis, the group's revenues went up by only 2.0 percent.Adjusted revenues went up by 8.9 percent in ...
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Luxottica aims for €15 billion in sales in 2024
Luxottica is aiming to reach €15 billion in revenues by 2024, up from the adjusted turnover of €9,011 million recorded last year. The target does not take into account possible acquisitions. The group did not detail its growth path to 2024 but did release some guidance for sales and profits ...
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Luxottica embarks on huge retail expansion
Luxottica is engaged in a huge reorganization, expansion and upgrading program for its main retail businesses, which employed 48,000 people at about 7,300 stores in the past year, representing 60.1 percent of its adjusted revenues. The management wants to boost the retail network to some 8,000 stores by mid-2017. Many ...
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Luxottica to double e-commerce sales by 2018
Luxottica expects that revenues generated from e-commerce will double by 2018 compared with 2015, driven by sales through the Ray-Ban, Oakley and Sunglass Hut websites. The pace would represent a slowdown from the fourfold surge posted between 2011 and 2015. In 2015 alone, e-commerce sales rose by 50 percent at ...
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Luxottica sees 15% of wholesale coming from replenishment
Luxottica anticipates that its automatic stock replenishment system, STARS, will manage 15 percent of its wholesale revenues by 2018, up from 8-9 percent currently. In Southeast Asia, the percentage is expected to reach 20 percent over the period.After adding 2,300 third-party retail doors to the program in 2015, STARS has ...
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Luxottica targets 17,000 wholesale doors in China by 2018
Luxottica aims to service a total of 17,000 stores operated by wholesale clients in mainland China by 2018 as it builds up its presence in the country. This compares with more than 150,000 wholesale locations currently served by the group worldwide.The company wants to reach this objective by boosting its ...
