Latest Headlines – Page 98
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Mykita launches digitally customized glasses
The German company is setting a higher standard in the individualization process for eyewear with the launch at the Silmo show in Paris tomorrow of a new concept, My Very Own (MVO). It combines three digital technologies – 3D scanning, parametric design and additive manufacturing - to create glasses where ...
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Nau! opens shop in India
The Italian chain of franchised optical stores opened on July 22 its first Indian sales outlet in the MGF Metropolitan Mall on the outskirts of New Delhi. This follows on from the chain's first venture onto the international market with an opening in Spain in May.A number of other new ...
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Italy's Netcity group grows to 820 members
Founded in 1990 by its current chairman, Roberto Marlazzi, this Italian buying group based in Tuscany has recently seen its membership soar. As from this year, Netcity has two former Essilor managers at the helm. The chief executive, Laurent Schmitt, a Frenchman who was most recently the strategic vice president ...
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GrandVision reports 21.6% higher profits
GrandVision has reported increases of 16.9 percent in revenues and 23.2 percent in earnings per share for the first half ended June 30. Sales increased to €1,611 million, with growth of 15.5 percent in local currencies and 5.2 percent on a comparable, same-store basis across the group. Net earnings advanced ...
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Fielmann accelerates in the second quarter
Fielmann reached solid growth on a same-store basis of 4 percent in the first six months of this year, with an acceleration to 6 percent in the second quarter. Company officials attribute this to demographic developments, the ongoing upgrading to progressive lenses and the strength of the German economy. Total ...
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MyOptique makes two acquisitions
MyOptique has taken over the second-largest German online retailer, Business 4Care, which sells prescription frames, sunglasses and contact lenses through its website, Lensbest.de, and has a wholesale operation that sells Lennox eyewear and its own Acumed and Lenscare brands of contact lenses, solutions, readers, sunglasses and other products. In parallel, ...
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Vision Direct moves into France
Vision Direct, the UK-based online retailer of contact lenses, has taken a further step in its European expansion by acquiring a small French contact lens e-tailer, Visiooptik.fr, and migrated its website to the VisionDirect.fr domain. Existing Visiooptik customers can log into VisionDirect.fr with their account and purchase products as before. ...
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Is Mister Spex on the verge of a sale?
In the next three months, the shareholders of Mister Spex may decide to start cashing out of their investment in the large German-based optical e-tailer by floating it on the stock exchange or by selling a majority of the shares to an institutional investor. That's what Dirk Graber, president of ...
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Luxottica will use green energy from forests
By the end of 2015, Luxottica plans to produce its Made in Italy eyewear in its plant at Agordo using “clean energy.” Through a joint project conducted with the Italian state-owned power company, Enel Energia, the group will be in a position to satisfy almost 100 percent of its energy ...
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Allison to leave Padua, placing 100 jobs at risk
As previously reported, Allison is restructuring its operations, a process that will involve the closure of its prestigious headquarters near the city of Padua, in the Veneto region, and going back to its roots in Volta Mantovana, 20 kms from Lake Garda in Italy's Lombardy district. This is where the ...
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Safilo adds two licenses in two segments
The Safilo Group has announced an interesting new global eyewear licensing agreement with the Brazilian Alpargatas group for its well-known Havaianas brand of rubber sandals. It will run until 2021, with an option for renewal by mutual consent. The first collection will be sold in the second half of 2016.Pointing ...
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Italia Independent signs Adidas Originals contract
Italia Independent has signed a four-year contract to develop, produce and distribute the Adidas Originals line of eyewear. It had already partnered with Adidas Original on a successful capsule collection inspired by Adidas' Superstar sneaker, which came on the market a few months ago. The new styles will come out ...
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Driven by 3D-printed glasses, Italia Inde-pendent grows by 35%
Italia Independent has signed a multi-year contract with Menrad, the German company known also as Menrad the Vision, to represent it as an agent in Germany and Austria. The collaboration, which will also cover the Adidas Originals line, will reinforce the company's position in Europe, where it already sells in ...
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Fedon starts selling sunglasses outside its shops
At this year's Mido show in Milan, Fedon launched a new line of sun eyewear for sale at its own leathergoods stores. From this September, this line is also being made available to third-party optical retail stores in Italy and France.Besides this diversification, the world's leading producer of eyewear cases ...
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Spy's CEO resigns over lower sales
Michael Marckx resigned as chief executive of Spy Inc., the California-based brand of action sports-inspired sunglasses, following the release of poor sales and profits for the first half of this year. He is also leaving the company's board of directors, but after the termination of his employment on Dec. 15, ...
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Outperforming the market, CVI settles with J&J
In reporting on its financial results for its third quarter ended July 31, Cooper Companies, parent company of CooperVision (CVI) announced a settlement was reached with Johnson & Johnson in July. It made a one-time payment of a lump sum of $17.0 million to settle existing patent disputes and agreed ...
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The U.S. optical market grows by 6.1%
After launching a European version of its VisionWatch study of the U.S. optical retail market for its members, The Vision Council has announced the release of a similar study of the Canadian market. The first VisionWatch Canada study was presented to the members of the U.S.-based association in Toronto last ...
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Think About Your Eyes focuses on children
Separate research studies from Think About Your Eyes and the American Optometric Association show that 89 percent of parents in the U.S. incorrectly consider vision screenings such as those offered in schools and at pediatricians' offices, as an effective way to detect vision issues in infants and children. This adds ...
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Growth of 9.1% for Specsavers
Specsavers achieved a new milestone in the past financial year through February, breaking the threshold of £2 billion (€2.9bn-$3.1bn) in annual sales. Working through its 1,767 partner stores and hearing centers around the world at the end of the year, it increased group turnover by 9.1 percent to a new ...
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Alain Afflelou acquires Optical Discount
Alain Afflelou has announced the acquisition of Optical Discount. Following this transaction, the French eyewear retailer will operate through two distinct banners – Alain Afflelou, its “premium” banner, and Optical Discount, its low-cost banner. The retailer was already active in the low-cost segment through its Claro by Afflelou banner, a ...
