Latest Headlines – Page 97
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Another poor quarter for Spy
Spy's net loss widened to $788,000 in the third quarter from a loss of $19,000 in the same period a year ago as the U.S. company's sales fell by 14.6 percent to $9,370,000 during the period. The gross margin declined sharply to 43.7 percent from 49.2 percent in the same ...
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Bushnell’s new parent benefits from acquisitions
As reported in two other publications of ours, Sporting Goods Intelligence and the Outdoor Industry Compass, Vista Outdoor paid a lot of money recently for the acquisition of two U.S. companies, Camelbak and Jimmy Styks, that produce hydration equipment and stand-up paddle boards. Other acquisitions are in the pipeline.The acquisitions ...
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Allergan to merge with Pfizer after a 90% sales increase
Allergan reported what it described as “continued exceptional performance” with sales up by 90 percent to $4.1 billion for the quarter ended Sept. 30 as compared to the previous year's third quarter. The performance was driven by growth in the company's U.S. Brands, medical aesthetics, international brands and Anda distribution ...
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U.S. Optical Barometer shows a slight decrease
The Optical Business Barometer (OBB), a monthly survey designed to gauge business attitudes among independent eyecare professionals in the U.S., stood at 3.76 for October 2015, as compared to a September 2015 rating of 3.89. The rating is only slightly down versus an October 2014 rating of 3.77 and is ...
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Southern Italians are at risk
Commissione Difesa Vista (CDV), an organization that promotes vision correction in Italy, made available free vision screenings to citizens in eight Italian cities during the month of October. The exams were performed on 2,058 people during 19 days in October by ophthalmologists and opticians in the main squares of cities ...
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American Vision, an ambitious new Indian project
Many new Indian projects start up in Pune, a technologically driven city in the state of Maharashtra near Mumbai. One of them is American Vision, a new store franchising program that began there last spring with a declared ambition to become the largest network of optical stores in the country.The ...
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GrandVision moves into the U.S.
GrandVision is making its first foray into the big U.S. optical retail market with an agreement to acquire For Eyes Optical, a company that owns 116 stores located for the most part in large metropolitan areas such as those of Chicago, Philadelphia and Washington, DC.Founded in 1972 and based in ...
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Good growth in Europe
The market for prescription frames, sunglasses, spectacle lenses, contact lenses and lens-care products grew by 4.9 percent to €8.1 billion in four major European countries – France, Germany, Italy and Spain – during the first half of this year, according to GfK's retail panels. The growth in the six-month period ...
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OMO study shows interesting trends
The second edition of the Optical Monitor (OMO), the new consumer research project commissioned to GfK by the Mido and Silmo shows, indicated a positive development for sunglasses in Europe during the first half of 2015. An estimated 56 percent of the adult population in five major countries owned at ...
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Italy’s eyewear exports rise by 14.5%
Italy's exports of frames, sunglasses and contact lenses grew by 14.5 percent in value in the first half of 2015, reaching a total of €1,872 billion, but with a staggering contrast between two major markets– exports to the U.S. were up by 31.9 percent while exports to Russia fell by ...
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Essilor grows faster
The momentum in Essilor International's growth continued in the second quarter ended June 30 with an increase in consolidated revenues of 4.8 percent on a comparable basis, up from increases of 4.0 percent in the first quarter and 4.4 percent in the second one. A positive currency effect of 8.0 ...
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Essilor launches Kolor Up
Essilor Sun Solution, the new dedicated division of the Essilor International group for plano sun lenses, has introduced a new technology, Kolor Up, that augments the perception of colors and improves the visual experience. Much like other ingredient brands in other sectors, such as Gore-Tex or Intel, it's also a ...
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Optiswiss changes ownership
A few months ago, Carl Zeiss Vision quietly sold its majority stake in Optiswiss, a leading Swiss supplier of ophthalmic lenses that exports more than 70 percent of its production. The company's control is now shared between Optiswiss' long-time chief executive, Denis-André Zaugg, other members of the management and an ...
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Hoya expands in three markets
The top management of the Japanese group has already indicated its intention to “aggressively” expand its Life Care business, which includes its Hoya Vision Care business unit for ophthalmic lens. In line with this plan, it has announced the acquisition of two optical laboratories in Switzerland and the U.S. and ...
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Safilo opens a subsidiary in Turkey
Safilo has opened a wholly-owned subsidiary in Turkey, which is going to be the company's hub for its new Central Eastern European Division. Ciler Yildiz has been appointed as commercial head of the new division. Ms. Yildiz, who was previously the chief executive of Clear Channel Turkey, has also joined ...
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The Marcolin Group grows strongly
After recording an increase of about 5 percent in 2014, the Marcolin Group saw its sales accelerate this year thanks to organic growth, the addition of new collections, the previously reported establishment of new joint ventures in Russia and China and the strengthened sales network.The management declines to provide specific ...
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Vedovotto under investigation
According to Reuters and various reports in the Italian press, Roberto Vedovotto, who left as chief executive of Safilo Group in November 2013, is under investigation on suspicion of insider trading. The Italian manager sold 80 million shares that he had received as stock options from Safilo on May 27, ...
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Mykita targets MVO launch next spring
Mykita, the German company that showcased its sophisticated customization process at last month's Silmo show in Paris, is working hard to offer this service to consumers by next spring, probably starting with one of its own stores in Berlin, where its head office and factory are located.As reported in our ...
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A good Silmo
The organizers of Silmo have reported a 2.8 percent increase to 34,250 professional visitors attending the international eyewear show in Paris last month. There were only 0.2 percent more visitors from France, but attendance from the rest of the world increased by 4.9 percent, representing 57 percent of the total ...
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Brando Eyewear gets involved with more designers
Michael Jardine, the chairman of Mondottica, is making new investments in the expanding eyewear designer space through a 100 percent owned subsidiary, Brando Eyewear. This company holds the eyewear license for Yohji Yamamoto, the legendary Japanese fashion designer, and Mondottica presented the first collection named after him at the Silmo ...
