Latest Headlines – Page 99
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Another record quarter for Luxottica
Boosted by the strength of the U.S. dollar, Luxottica announced a 19.3 percent increase in revenues to €2,457 million in the second quarter, beating the previous quarterly record set three months earlier. At constant currency rates, the top line grew by 4.9 percent.Adjusted revenues grew at an even faster rate ...
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Luxottica harmonizes prices worldwide
In a move already made by Louis Vuitton and some other fashion houses, Luxottica has decided to harmonize its prices globally, aligning them with those charged in Europe. China, and to the a lesser extent the U.S., will be the markets most affected by this program, as they will see ...
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Luxottica hires Stefano Volpetti as chief marketing officer
Luxottica has appointed Stefano Volpetti as chief marketing officer, replacing Fabio D'Angelantonio. Volpetti was previously vice president and general manager of Procter & Gamble's beauty care division. Luxottica's new joint chief executive in charge of markets, Adil Mehboob-Khan, was also a senior executive at Procter & Gamble, in charge of ...
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Luxottica axes 400 jobs at Foothill Ranch
Luxottica is dismissing 400 employees at Oakley's headquarters at Foothill Ranch, California, as part of its plans to integrate the brand. From Oct. 1, the North American structure of the brand, including information technology, administration, sales and order management will be transferred to Luxottica, mainly to the wholesale unit in ...
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Luxottica boosts its distribution capacity
Oddly, the strong increase in demand for Luxottica's eyewear is not putting pressure on its manufacturing capacity but on the logistics. According to Massimo Vian, the group's joint chief executive in charge of product and operations, productivity gains are enabling the company to gain physical space in its existing production ...
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Safilo's underlying sales accelerate
Safilo reported that its underlying sales, excluding the big Gucci license and those for other brands owned by Kering, rose by 4.5 percent on a currency-neutral basis in the second quarter, outpacing the first quarter performance and lifting growth in the first half to 4.0 percent. The group lost the ...
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Safilo may relocate its U.S. head office
The group is studying the transfer of its North American head office from Parsippany, New Jersey, to a site closer to New York City, partly in order to attract new talent more easily.The announced shuttering of Safilo's North American headquarters and distribution center in Parsippany will start in earnest in ...
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De Rigo licenses Nina Ricci and Trussardi
After reorganizing the distribution in the U.S. and China, and after boosting its design, product development and marketing departments, De Rigo Vision has added two important fashion brands to its portfolio of licenses - Nina Ricci and Trussardi - that should make up for the loss of the Givenchy license ...
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Marcolin boosts Italian production
Marcolin has officially opened a new manufacturing facility at Fortogna, raising the local staff by 30 people to 143 in a first stage, with 40 more to follow later on. The expansion of the facility, which Marcolin acquired from Marchon last October, will allow the company to double its in-house ...
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Opal gets control of Demetz
Opal has acquired a 60 percent stake in the capital of Demetz, the French sports eyewear specialist, for an undisclosed amount, with plans to acquire an additional 20 percent in four years and the remaining 20 percent by 2020. Gilles Demetz will remain chief executive until all his shares are sold.Based ...
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Mondottica teams up with Zoobug
Mondottica has announced a strategic partnership with Zoobug London, the highly creative British children's eyewear specialist, by setting up a dedicated international children's eyewear division. Run by Julie Diem Le, who founded Zoobug in 2006, it will allow Mondottica to expand its fast-growing portfolio of children's lines, which currently comprises ...
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Good progress at Essilor
Essilor International's total revenues went up by 22.6 percent to €3,408 million in the first half of this year, and the “contribution from operations” grew at an even faster rate of 24 percent, raising the operating margin to 19.1 percent from 18.9 percent a year ago, thanks in part to ...
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Essilor buys Vision Source
Vision Source, the largest alliance of independent eyecare professionals in North America, has agreed to be acquired by Essilor of America, a division of Essilor International. Founded in 1991, this buying group currently has around 4,000 members. Jobson ranks it as the second-largest player in the U.S. market in terms ...
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Hoya reports good growth in eyeglass lenses
The quarterly report of Hoya Corp. indicates that its eyeglass business expanded in the first three months of its current financial year, ended on June 30, but all the growth took place outside Japan. This eyeglass business is on a declining trend in Japan, the company said, due to the ...
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New leadership for Carl Zeiss Vision
The Carl Zeiss group has made several changes to the top management of its Vision Care business group, which has turned around under the helm of Raymund Heinen, making again a profit. Heinen, who has been with the group for the last eight years, and Ulrich Krauss, who has worked ...
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Hilco Vision acquires two German companies
Hilco Vision has announced the acquisitions of two German-based companies, Breitfeld & Schliekert and Lexxoo International. The financial details were not disclosed. These transactions represent the first add-on acquisitions for Hilco Vision since May 2014, when it was acquired by Blue Point Capital Partners, a private equity firm.Hilco Vision, based ...
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Revo partners with Bono
Revo, the American brand of sunglasses, is launching a program aimed at collecting $10 million to improve access to eye screening and vision correction for more than five million people in disadvantaged communities around the world. For every pair purchased by consumers, it will donate $10 to the Brien Holden ...
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Brien Holden is dead
Brien Holden suddenly passed away on July 27 of a heart attack. He was 73. Professor Holden was a pioneer of treating global refractive error and an internationally renowned and awarded scientist. He was the chief executive of the famous Brien Holden Vision Institute and a professor at the School ...
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U.S. optical barometer shows a slight drop
The Optical Business barometer (OBB), a monthly survey designed to gauge business attitudes among independent eye care professionals in the U.S., stood at 3.81 for May 2015, as compared to an April 2015 rating of 3.83. However, it showed an increase when compared to a May 2014 rating of 3.73, ...
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New dual leadership for Mykita
Franz Koch, a former chief executive of Puma, is joining a much smaller company, Mykita, as managing partner, taking over many of responsibilities of Moritz Krueger, who founded the Germany designer eyewear company in 2003. They will both act as managing partners. Koch will handle B2B sales, production, finance, IT ...
