Latest News Briefs – Page 329
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News briefs
CooperVision has established a direct presence in China by opening...
CooperVision has established a direct presence in China by opening a sales office in Shanghai, following similar moves in South Korea, Singapore, Malaysia and Taiwan over the past four years. The company estimates the Chinese contact lens market at $85 million in terms of manufacturers' dollars, growing at about 9 ...
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News briefs
Allergan reports net profit of $137.8 million for the 2nd...
Allergan reports net profit of $137.8 million for the 2nd quarter ended June 29, up sharply from $28.2 million in the year-ago period. Operating income increased to $181.7 million from $44.6 million. Product revenues were up by 23.6 percent to $972.8 million, or by 21.2 percent on a currency-neutral basis. ...
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News briefs
Bayer announced sales prices for polycarbonate worldwide, starting last June...
Bayer announced sales prices for polycarbonate worldwide, starting last June 1, while leaving prior contractual obligations unaffected. In the EMEA region (Europe, Middle East and Africa), prices have gone up by €0.20 per kilogram. In the Americas and the Asia-Pacific region, the increases amount to US$0.30 per kilo.
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News briefs
Orange 21 is discussing the possible acquisition of No Fear's...
Orange 21 is discussing the possible acquisition of No Fear's 40 stores, which sell also Spy, the group's optics brand. Meanwhile Jerry Kohlscheen has resigned as chief operating officer of Orange 21, but he has agreed to stay on as a consultant until February 2008.
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News briefs
SILMO is going to celebrate its 40th anniversary next Oct....
SILMO is going to celebrate its 40th anniversary next Oct. 19-22 with a new layout and a 10 percent expansion of its total exhibition surface to more than 95,000 square meters. In particular the designers' ?Village? will sprawl over a larger space in Hall 3 of the Paris fairgrounds. The ...
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News briefs
Irving Rips, founder of Younger Optics, had died at the...
Irving Rips, founder of Younger Optics, had died at the age of 79. He is credited for developing the first seamless bifocal lens, which helped people look in fact ?younger.?
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News briefs
Specsavers is expected to announce shortly its entry into a...
Specsavers is expected to announce shortly its entry into a new market, said to be Finland. Meanwhile Fielmann has announced its first investment in Luxembourg, opening there simultaneously a Fielmann Supercenter in the center of the city as well as a smaller store in a peripheral area. Fielmann maintains a ...
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News briefs
Emerging Vision, the American retailer that owns the Sterling Optical...
Emerging Vision, the American retailer that owns the Sterling Optical chain of stores, has announced that it plans to buy The Optical Group, a Canadian buying group based in Ontario that has 550 retail members. The resulting transaction, expected to be completed in July, should double Emerging Vision's revenues. Financial ...
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News briefs
De Rigo is said to be working on the acquisition...
De Rigo is said to be working on the acquisition of retail chains in four countries for the next two years. Meanwhile, as part of a Latin American sales drive, the company will form a controlled joint venture in Brazil, headquartered in San Paolo, together with its present distributor, manned ...
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News briefs
Marcolin has formed a joint venture with Optec to handle...
Marcolin has formed a joint venture with Optec to handle its sales in Japan, targeting total sales of about €11 million over the next three years. Optec, which has a 60 percent stake in the operation, licenses Oliver Peoples and Paul Smith in Japan. Meanwhile a Luxembourg-based investment company, Lemanik, ...
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News briefs
Sover has opened a French sales subsidiary, located southeast of...
Sover has opened a French sales subsidiary, located southeast of Paris. After consolidating markets in Eastern Europe, the company is now targeting the export front in Western Europe. The Italian company already has its own sales offices in Bucharest and Prague, plus 18 company-owned outlets in Romania and a joint ...
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News briefs
Face À Face recently sold its boutique in Paris, but...
Face À Face recently sold its boutique in Paris, but plans to move into a new location in the center of the city. The store layout will be traditional, yet surprising. At the same time, Face À Face will move into new and larger headquarters in the French capital. The ...
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News briefs
OSA International is expanding its head office in Paris, also...
OSA International is expanding its head office in Paris, also known as OSI Europe, to 200 square meters next week, and plans to grow its personnel there to 12-15 employees before the end of the year. The office currently has five employees plus five sales persons. The move follows ...
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The Kenmark Group has entered a license agreement with Dana...
The Kenmark Group has entered a license agreement with Dana Buchman, a designer of women's clothes and a brand of Liz Claiborne Inc., to design and manufacture optical frames and sunglasses under the Dana Buchman Vision brand name. The collection will be launched at Vision Expo West in Las Vegas ...
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News briefs
Schweiter Technologies is looking for new acquisitions after booking sharply...
Schweiter Technologies is looking for new acquisitions after booking sharply improved net income of 33.4 million Swiss francs (€20.1m-$27.0m) in the past year, up from 18.9 million CHF the year before. Gross revenues increased to 460.9 million CHF(€277.7m-$372.0m) from 331.3 million CHF. Satisloh, which represents about half of Schweiter's revenues, ...
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News briefs
For its first half, ended April 30, Signature Eyewear reports...
For its first half, ended April 30, Signature Eyewear reports a 56.8 percent rise in net income to $514,000 on sales growth of 8.7 percent to $12.4 million. The higher turnover was fueled by strong sales of bebe eyes and Nicole Miller Eyewear, as well as by Cutter & Buck ...
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News briefs
Shamir Optical Industry's operating margin rose by 1.0 percentage points...
Shamir Optical Industry's operating margin rose by 1.0 percentage points to 11.4 percent in the 1st quarter, on revenue growth of 26.9 percent to $29.3 million. The gross margin fell by 5.0 percentage points to 52.5 percent, while net income increased by 11.4 percent to $2.3 million. The company claimed ...
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News briefs
Essilor of America, the U.S. subsidiary of Essilor International, has...
Essilor of America, the U.S. subsidiary of Essilor International, has acquired a majority stake in Sutherlin Optical Company, a Missouri-based prescription laboratory and distributor of the Varilux brand that has annual revenues of $13 million. In addition, Essilor of America has bought the assets of Dispensers Optical Service Corporation's safety ...
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News briefs
OBE GmbH & Co. KG, a German manufacturer of special...
OBE GmbH & Co. KG, a German manufacturer of special parts for frames and related products, has won a verdict in a European court, recognizing its claim that Galvanin Luigino, an Italian company, has infringed on a patent related to the production of certain components. OBE has already defended this ...
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News briefs
Johnson & Johnson Vision Care has named Jane Veys to...
Johnson & Johnson Vision Care has named Jane Veys to its newly created role of education director for The Vision Care Institute in Europe, the Middle East and Asia (EMEA). In her new role, Veys will handle the development of educational material and create course curriculums throughout the region.
