Latest Headlines – Page 95
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Luxottica’s corporate governance under the spotlight
The Financial Times published a rather critical editorial on the management merry-go-round at Luxottica that has led to the departure of three chief executives in a year and a half (see Eyewear Intelligence Vol. 17 N° 1+2). The influential British daily put the blame on the 80-year-old founder and chairman, ...
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Marchon announces executive changes
Marchon Eyewear has hired Thomas Burkhardt for the newly-created position of senior vice president of global licensing and marketing. He will report directly to Claudio Gottardi, Marchon's president and chief executive. In his new role, Burkhardt will manage the domestic and international licensed brand teams, house brands and sports brands ...
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Logo moves upmarket, launches a new house brand, Aeroline
Logo Eyewear has rearranged its product portfolio, shedding the licenses for two mass market brands, taking on three other higher-end licenses and launching a new house brand “made for pilots,” called Aeroline. It is also planning to introduce next year its first line of “smart eyewear.”As we reported in our ...
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Strong progress for Blackfin
Pramaor, the small and dynamic Italian firm behind the Blackfin brand of titanium glasses, reports a 50 percent increase in orders for the first two months of this year. This comes after a sales increase of 27 percent to €6.2 million in the past year, driven by a 38 percent ...
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Fedon grows by 14%
Giorgio Fedon, the historic manufacturer of eyeglass cases, which added a line of luxury leathergoods for offices a couple of years ago, closed the year 2015 with a turnover of almost €71.4 million, representing a 14 percent increase compared to 2014.The company, listed on the Paris stock exchange, operates within ...
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Luxottica undergoes a new management shake-up
After nearly 13 months in the job, one of Luxottica's two co-chief executives, Adil Mehboob-Khan, has left the company with immediate effect and a €6.8 million handshake. He will also receive €200,000 to waive any claims against the company as well as his 2015 bonus and ordinary severance payments linked ...
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Luxottica’s Q4 sales grow by 7.9%, missing expectations
Luxottica posted a 7.9 percent increase in sales to €2,015 million in the fourth quarter, missing market expectations of €2,130 million. At constant currency rates, the top line grew by 2.0 percent. Adjusted revenues grew by 8.9 percent in euros and by 2.7 percent on a currency-neutral basis, reaching €2,059 million. ...
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GrandVision up 4.1% on a comparable basis
The GrandVision optical retail group's sales increased by 4.1 percent on a comparable basis in 2015, marginally below the 4.3 percent growth rate recorded in the previous year.Comparable sales growth, which is based on constant currencies and comes before the addition of new stores, slowed down considerably in the fourth ...
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Salmoiraghi gets a €70 million loan to grow its store network
The Salmoiraghi & Viganò Group has decided on a development program for the next seven years that will extend the chain beyond the 450 outlets it comprised after the restructuring operation that took place three years ago. To achieve this, the leading Italian optical retail company has obtained a financing ...
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Hoya reports mixed quarterly results
Hoya Corp. said Friday that its sales of eyeglass lenses in overseas markets increased in terms of local currencies during the third quarter of its financial year, ended on Dec. 31, as a result of policies aimed at developing new customers and entering new markets. However, because of the decline ...
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Essilor pursues its acquisition strategy
Essilor International has announced the signing of nine new external growth transactions that represent combined annual revenues of around €60 million. These acquisitions have been described by the global opthalmic optics company as being in line with its strategy of balanced growth, evenly spread across developed and fast-growing markets, with ...
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German eyewear industry establishes export record in 2015
The German ophthalmic optic industry improved its turnover by 3 percent in 2015, reaching a level of €4.25 billion, according to Spectaris, the national trade association of the industry. Sales grew by 2.9 percent to €2.16 billion in Germany and by 3.1 percent to €2.09 billion in other countries.Supplying the ...
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Public actions to support Italy’s eyewear and fashion industries abroad
A total of 170 foreign buyers and 35 journalists were invited last year to attend the Mido trade show in Milan, thanks to a new export promotion program funded by the Italian government. The experience will be repeated at the next Mido show being held on the last three days ...
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New product entries for smart glasses
Zeiss entered the growing arena of “smart glass” solutions at the big Consumer Electronics Show (CES) held on Jan. 6-9 in Las Vegas with a new optical system that allows eyewear producers to develop data glasses that look like fashionable everyday glasses. Discussions have already started with potential partners, company ...
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TD Tom Davies extends its customization offer
TD Tom Davies launched a new service called Made to Order, or MTO, at this year's Opti show in Munich. The service will make it faster and easier for opticians to order frames in any color and size. The customization service costs only €7 more than the purchase of a ...
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Mykita opens new stores
Mykita will launch an online store for sunglasses in the U.S. at the end of January. The company's first online shop was introduced in Germany at the end of 2013. Sunglasses designed by Mykita and in collaboration with fashion designers like Damir Doma can be ordered in the U.S. from ...
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New CEO for Alcon after disappointing results
Novartis has appointed Mike Ball as division head and chief executive officer of Alcon, effective Feb. 1, as part of its plan to strengthen the under-performing division. He succeeds Jeff George, who has decided to leave Novartis. Ball will also be a member of Novartis' executive committee. He joins Novartis ...
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Growing Opti to add two new halls from 2019
The Opti show, which took place in Munich on Jan. 15-17, welcomed a total of 576 exhibitors from 37 countries on an exhibition space of over 40,000 square meters. More than 27,500 visitors came to the show, or 8 percent more than a year ago, and they came from 81 ...
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Eyewear frames sold for €162,000 at Vision-X
A private buyer purchased a one-of-a-kind pair of eyewear frames crafted with titanium, gold and diamond inlays in Dubai for AED650,000 (€162,349-$176,956) at the recent Vision-X exhibition, the optical trade show which was held at the Dubai World Trade Centre on Dec. 6-8. The frames are the highlight of the ...
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U.S. Optical Barometer points upwards
The Optical Business barometer (OBB), a monthly survey designed to gauge business attitudes among independent eyecare professionals in the U.S., stood at 3.93 for December 2015, as compared to a November 2015 rating of 3.80. The December rating was the highest overall optical monthly rating of 2015, and was slightly ...
