Latest Headlines – Page 96
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Higher sales and profits for Zeiss in vision care
Carl Zeiss has reported a turnover of €1,007 million in the combined Vision Care and Consumer Optics segments for the financial year ended Sept. 30, adding that it grew by 7 percent from €946 million in the prior year. It also said that the business unit made a considerable contribution ...
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Higher sales and margins for Italian eyewear companies
A study of 11 Italian eyewear companies of various sizes conducted by a Milan-based management consultant, Pambianco Strategie di Impresa, shows that their combined operating earnings before amortization (Ebitda) rose to a relatively high level of 18 percent in 2014 from 17 percent in the previous year. Their combined sales ...
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Italia Independent will float higher under Elkann’s control
The Italia Independent Group has announced that it will apply in 2016 for listing on the Mercato Telematico Azionario (MTA), a higher counter of the Italian Borsa (stock exchange). Since July 2013, the company has been quoted on AIM, the alternative investment counter of the Italian stock exchange for small ...
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Allison becomes AVM 1959, with less staff
Allison has a new name - AVM 1959 - and a new black and white logo. The acronym stands for Allison Volta Mantovana, which refers to the small city near Mantua, in the region of Lombardy, to which the company has returned from the city of Padua in the Veneto ...
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A reorganized pq Eyewear sees new horizons
Working through a new organizational structure established a year ago, pq Eyewear has started to market its original glasses on a wider scale, while preparing a bold new move into mass customization that should be implemented in the course of 2016, in partnership with selected distribution partners around the world.Designed by ...
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A tough quarter for CVI
CooperVision had to face strong competition in the U.S. in October from Johnson & Johnson, which accompanied the release of a new one-day silicon hydrogel contact lens, Oasis, with aggressive discounts that flooded the market. Still, CVI managed to raise its total sales of silicon hydrogel lenses by 16 percent ...
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New CEO for Eschenbach
Jörg Zobel, 43, has become the new chief executive of Eschenbach Optik, the largest eyewear producer in Germany and a major global supplier of low-vision equipment. He takes the place of Wolfgang Rebstock, who retired on Nov. 13 after more than 16 years with the company. Rebstock's main partner, Peter ...
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Grandvision improves sales and margins
The expansion of the retail network and the weakness of the euro helped to boost the sales of Grandvision for the third quarter and the nine months ended Sept. 30. The group had a total of 5,922 stores at the end of these periods, 108 more than at the end ...
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New CEO for Avanzi
Avanzi Holding, the Italian optical retail group controlled by GrandVision, has a new chief executive, Luca Sacilotto, who has been running since 2008 Gruppo Randazzo, the Italian retail chain that was acquired by Avanzi last year. Sacilotto takes over from Christophe Reale, who has been named international project manager for ...
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Better results and more stores for Salmoiraghi
The other major player in the Italian optical retail market, Salmoiraghi & Viganò, has announced that it will open 30 new directly operated stores during the financial year that started this September, positioned in different market segments and equally divided between city center locations and shopping malls.The new stores will ...
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Faster growth for Fielmann
The leading German optical retailer moved into a faster mode in the third quarter. Its sales increased by 6 percent on a same-store basis during the period, said a spokesman for the company, attributing this performance to the positive consumer climate in Germany as well as an attractive offering of ...
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Luxottica is not sure about future profits
In reporting its quarterly results earlier this month, Luxottica confirmed its sales outlook for this year and next, indicating that its revenues will rise by a mid- to high single-digit rate in both years, as part of a plan to double the top line in 10 years. However, the group ...
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Luxottica reports higher sales and profits for the third quarter
For the third quarter ended Sept. 30, the company posted a 14.4 percent increase in total sales to €2,155 million. At constant currency rates, they grew by 4.8 percent. Adjusted revenues grew by 15.4 percent in euros and by 5.5 percent on a currency-neutral basis, reaching €2,199 million.The adjusted figure ...
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Luxottica signs an innovative labor agreement
Luxottica employs about 10,000 people at its head office in Milan and at its Italian manufacturing plants in Agordo, Cencenighe, Sedico, Pederobba, Rovereto, and Lauriano. The company has announced the signature of a comprehensive new collective labor agreement with their trade unions, covering the period from Dec. 1 to Dec. ...
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Luxottica strikes a major deal with Macy’s
Luxottica has reached an agreement to open LensCrafters shop-in-shops in up to 500 Macy's department stores in the U.S. over the next three years. The agreement comes in the wake of a previous experience between the two groups that resulted in the opening so far of some 670 Sunglass Hut ...
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Safilo’s underlying sales continue to accelerate
Safilo's underlying sales, which exclude the licenses for Gucci and other brands brought in-house by Kering, rose by a high single-digit growth rate in the third quarter after a rise of 4.0 percent in the first half. The net profit rose by 2.2 percent to €2.2 million in the quarter. ...
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Lower margins for Hoya’s eyeglass business
Hoya Corporation reported an 8.1 percent increase to 81.6 billion yen (€623.6m-$664.0m) for its second quarter ended Sept. 30 in the revenues of its Life Care segment, which includes eyeglasses, contact lenses, intraocular devices, endoscopes and other products. Excluding foreign currency conversions, the revenues were up by 6 percent. The ...
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Walter & Herbert, a new line made in England
The Optoplast Actman Eyewear Company has successfully launched a new corporate brand of eyewear made in England, Walter & Herbert. The new project follows two years of intense development and investments in new equipment for barreling, polishing, cutting, laser engraving and other operations at the company's own central warehouse in ...
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Currencies help Fedon
Giorgio Fedon & Figli has reported growth of 14.3 percent in its revenues to €53.4 million for the first nine months of 2015, with an increase of 0.7 percent in constant currencies. Operating earnings before amortization (Ebitda) rose by 8.2 percent to €2,863,000, indicating a reduced operating margin of 5.37 ...
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Italia Independent grows less
Italia Independent closed the first nine months of 2015 with consolidated turnover of €30.94 million, up by 26 percent over the same period a year ago. Apparently, the third quarter didn't fare so well as the growth had been at a stronger level of 42.5 percent in the first half, ...
