Latest News Briefs – Page 341
-
News briefs
Pre-tax charges of $52.7 million caused Advanced Medical Optics (AMO)...
Pre-tax charges of $52.7 million caused Advanced Medical Optics (AMO) to post a $2.7 million loss in the 2nd quarter, but they were much lower compared with the company's year-ago loss of $439 million, stemming from pre-tax charges of $456 million. Net sales increased by 13.2 percent to $257 million. ...
-
News briefs
Advanced Medical Optics (AMO) has signed an agreement to sell...
Advanced Medical Optics (AMO) has signed an agreement to sell six of its over-the-counter products to Inyx, a specialty pharmaceutical company. The acquisition, which is expected to be completed towards the end of this month, will give Inyx the following products: -Lens Plus Aerosol, a sterile saline solution ...
-
News briefs
In a patent infringement lawsuit settlement, Alcon will pay Advanced...
In a patent infringement lawsuit settlement, Alcon will pay Advanced Medical Optics (AMO) $121 million. The settlement resolves four lawsuits between the two companies for patent infringement on technologies used in ophthalmic surgery.
-
News briefs
Gerber Coburn has upgraded the software used in its Dimetrix...
Gerber Coburn has upgraded the software used in its Dimetrix lens verification and finish blocker, which automatically verifies and blocks single-vision, multi-focal and progressive lenses. The new features are the frame mode, which allows the operator to view both eyes prior to blocking the second lens, and new left and ...
-
News briefs
Alain Afflelou will sponsor Paris Saint Germain, the football team...
Alain Afflelou will sponsor Paris Saint Germain, the football team of the French capital, for the next three seasons, reportedly spending €1 million a year on the contract. The French optical retail chain was previously sponsoring Strasbourg's football club. Alain Afflelou himself, the French entrepreneur who has sold a majority ...
-
News briefs
REM Eyewear's Base Curve division of luxury eyewear boasts that...
REM Eyewear's Base Curve division of luxury eyewear boasts that some of American television's ?most glamorous stars? ? Jane Kaczmarek, Bradley Whitford and Jeremy Piven - wore its John Varvatos and Caroline Herrera sunglasses for the 58th Annual Emmy Awards. Separately, REM's new luxury division has recently launched its own ...
-
News briefs
Last month, a group of burglars with heavy lifting tools...
Last month, a group of burglars with heavy lifting tools and an apparent knowledge of the eyewear business worked over a Vision Express store in Bury St. Edmunds, the UK, for about £30,000 (€44,000-$56,000) worth of eyewear and a safe that had taken five men to install. The thieves took ...
-
News briefs
An Italian court of appeals recently overturned the ruling of...
An Italian court of appeals recently overturned the ruling of a lower court in Varese that had approved the Italian customs authorities' seizure of a consignment of eyewear from China because it falsely purported to have been manufactured in Italy. The higher court stressed that the imported goods were clearly ...
-
News briefs
Opti München will have a new section accommodating suppliers of...
Opti München will have a new section accommodating suppliers of hearing aids at its next session on Jan. 26-28. Its trend design section is being enlarged. Some 600 exhibitors from 45 different countries have already signed up for the show, which has become one of the three largest ones in ...
-
News briefs
Highmark has completed its acquisition of the 385-store Eye Care...
Highmark has completed its acquisition of the 385-store Eye Care Centers of America chain. The transaction was valued at $602 million, including $305 million in equity. Following the merger, which involved HVHC, a subsidiary of Highmark, ECCA is now a wholly-owned subsidiary of the company. Highmark purchased the chain from ...
-
News briefs
Mister Optik, an Italian discount chain with 30 outlets, wants...
Mister Optik, an Italian discount chain with 30 outlets, wants to double the number of outlets in the main towns of Tuscany and Emilia Romagna, where it already plays the strongest role. The first new stores were opened earlier this summer. The chain offers the consumer discounts ranging from 30 ...
-
News briefs
CooperVision is setting up a new distribution center in the...
CooperVision is setting up a new distribution center in the industrial park of Herstal near Liège, in Belgium, to service the Northern part of Continental Europe. Due to become operational in October this year, it is intended to replace six existing distribution operations in five countries in due time. Stressing ...
-
News briefs
Menicon has announced the opening of a new office in...
Menicon has announced the opening of a new office in Madrid in September to provide support in logistics, strategy, marketing, professional services and sales to its Spanish subsidiary. Headed up by Jacinto Santodomingo, who remains as global manager of professional services for the Japanese contact lens company, the new facility ...
-
News briefs
Swank International Optical Company has closed down a joint venture...
Swank International Optical Company has closed down a joint venture manufacturing facility at Henggang, in the Shenzen area of China, consolidating the production of all its injection-molded, metal and hand-made plastic frames at its other manufacturing plant in Dongguan. Over 70 percent of the Shenzhen staff as relocated to the ...
-
News briefs
BasicNet, which owns the Kappa and Robe de Kappa brand...
BasicNet, which owns the Kappa and Robe de Kappa brand names, has confirmed our report about a 3-year license for the European market with Licefa, replacing the previous deal with the bankrupt Metzler Italia. For BasicNet, the target is to reach sales of €4.5 million in the next 3 years, ...
-
News briefs
At Oliver Peoples, the Los Angeles designer eyewear company acquired...
At Oliver Peoples, the Los Angeles designer eyewear company acquired by Oakley earlier this year, David Schulte has been named chief executive and president, reporting directly to Larry Leight, the firm's founder and chairman. Schulte will continue to hold a financial stake in The DCS Group, a boutique and entertainment ...
-
News briefs
Brett Craig, who has been running Transitions' European business as...
Brett Craig, who has been running Transitions' European business as general manager for Europe, the Middle East and Africa (EMEA), has been promoted to the new position of chief operating officer of the company. He has been replaced in his previous role by Todd White, who has been most recently ...
-
News briefs
Fedon closed the 1st half of 2006 with sales of...
Fedon closed the 1st half of 2006 with sales of €30,043,000, up by 3.1 percent year on year. This compares with much higher growth of 9.8 percent reported for the 1st quarter, when the company benefited from major investments made on production, information technology and general reorganization. The Giorgio Fedon ...
-
News briefs
Alcon's turnover rose by 11.8 percent to $1.31 billion in...
Alcon's turnover rose by 11.8 percent to $1.31 billion in the 2nd quarter, and net earnings jumped by 43.3 percent to $465.6 million. Sales in the USA grew by 16 percent, indicating a major increase in market share, probably due in part to the problems of Bausch & Lomb in ...
-
News briefs
Sales of eye care pharmaceuticals rose to $379.2 million at...
Sales of eye care pharmaceuticals rose to $379.2 million at Allergan for the second quarter ended June 30, or $54.2 million more than in the same period a year ago. Total revenues were up to $801.7 million from $594.6 million, with product revenues up by 33.2 percent, thanks in part ...
