Latest News Briefs – Page 351
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News briefs
There are no new developments in China in the bankruptcy...
There are no new developments in China in the bankruptcy of the Moulin Global Eyecare group. In Europe, meanwhile, judicial authorities have approved temporary insolvency proceedings for its Metzler subsidiaries in Germany, Italy and the UK. In Germany, 19 employees have been laid off at one of the subsidiaries, NiGuRa ...
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The demise of the Moulin has made available some experienced...
The demise of the Moulin has made available some experienced eyewear industry professionals, one example being Dicky Kawai Tong. Tong, an ex-director at Moulin, has been named vice president of Ronor International, a private Canadian-based company that develops and produces accessories for the optical industry. He will be in charge ...
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News briefs
Fedon, the leading producer of eyewear cases, will develop further...
Fedon, the leading producer of eyewear cases, will develop further its Giorgio Fedon 1919 range of leather office accessories, which has been growing fast, although it still represents only 4-5 percent of the group's total sales. To accomplish this, Alberto Riberi, a 39-year old architect who has worked in the ...
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News briefs
Safilo USA has created the position of director of product...
Safilo USA has created the position of director of product development, and filled it with Timothy Parker. He will be responsible for managing the overall development process, design direction and trend forecasting for all the brands licensed by Safilo for the North American market. He gained experience at the executive ...
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News briefs
Contrary to a recent report on an Italian internet service,...
Contrary to a recent report on an Italian internet service, the owner of the Patrizia Pepe brand of apparel, Tessilform, has no plans to develop the brand in the eyewear sector. Based in Florence, the Italian fashion house is not looking for an eyewear licensee, but will continue to sell ...
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News briefs
Swank International's revenues fell by 23.8 percent to HK$75.1 million...
Swank International's revenues fell by 23.8 percent to HK$75.1 million (€8.1m-$9.7m) for the six months ended June 30, but a loan waiver announced in January brought in exceptional income of HK$67.6 million, leading to a net profit of HK$56.5 million (€6.1m-$7.3m) versus a loss of HK$438,000. Low capacity utilization resulting ...
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News briefs
The European Parliament has ruled that the 25 national member...
The European Parliament has ruled that the 25 national member governments of the European Union will have the discretionary power to decide individually whether employers should be held responsible for damages to their employees' eyesight or skin from UV radiation when they are involved in outdoor activities for professional purposes. ...
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News briefs
The European Union has enacted a 15 percent import tax...
The European Union has enacted a 15 percent import tax on over 200 US products, including metal spectacle frames and/or sunglasses. The taxes will apply to all fully assembled frames and mountings for spectacles, goggles and any other kind of eyewear with a metal base. The tariff is in retaliation ...
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News briefs
Bushnell Performance Optics is being renamed as Bushnell Outdoor Products...
Bushnell Performance Optics is being renamed as Bushnell Outdoor Products following its acquisition of Michaels of Oregon, a leading manufacturer of outdoor, hunting and shooting accessories including rifle scope covers, slings for rifles and shotguns and tactical gear for law enforcement agents. The takeover boosts Bushnell's range of outdoor technology ...
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News briefs
Francesco Balestrieri becomes general manager of CIBA Vision in Germany....
Francesco Balestrieri becomes general manager of CIBA Vision in Germany. The Italian-born executive spent many years in various international positions for the company, acting lately as European marketing manager based in Switzerland. In Germany, he replaces Joachim Fleischer, who is getting a new mission in the consumer health division of ...
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News briefs
INDO increased its sales by 10 percent in the first...
INDO increased its sales by 10 percent in the first half of 2005. Sales of sunglasses and frames were up by 7.3 percent, while sales of the Carolina Herrera, ACB and 212 collections showing particularly strong growth. The group also developed its international business in the field of ophthalmic lenses: ...
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News briefs
Fedon suffered a 3.5 percent drop in revenues to €29,134,000...
Fedon suffered a 3.5 percent drop in revenues to €29,134,000 for the first six months of this year. The leading manufacturer of eyewear cases was evidently affected by the general market situation and by Asian competition in its business segment, but the company is expecting a recovery in view of ...
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News briefs
Shamir Optical reported flat net profits of $2,100,000 for the...
Shamir Optical reported flat net profits of $2,100,000 for the 2nd quarter, blaming the results on poor sales in the UK and the USA. Total sales rose by 11.2 percent to $20.2 million, while operating income dropped by 14.9 percent to $3.1 million. For Altra K, the UK operation known ...
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News briefs
Allergan's pre-tax earnings rose to $138.1 million in its 2nd...
Allergan's pre-tax earnings rose to $138.1 million in its 2nd quarter ended June 24, as compared to $122.4 million during the same period last year. Operating income increased, but because of much higher taxes, its net earnings plummeted to $33,400,000, as compared to $91,800,000 in the same period one year ...
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News briefs
Alcon's net earnings leapt by 34.5 percent to $325,000,000 in...
Alcon's net earnings leapt by 34.5 percent to $325,000,000 in the 2nd quarter, aided by a 12.8 percent sales increase to $1,172.0 million. Sales in the USA grew by 8.2 percent to $594.9 million. Outside the USA, sales escalated by 17.9 percent to $577.1 million. Alcon's gross profit margin increased ...
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News briefs
Cirillo Marcolin, who runs with his brother Maurizio the company...
Cirillo Marcolin, who runs with his brother Maurizio the company that bears the family's name, has been re-elected as chairman of ANFAO, the Italian eyewear industry association, and of MIDO, the big optical trade show organized by the association every year in Milan. Marcolin is calling on Italian producers to ...
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News briefs
OBE reports four victories in its expensive fight for the...
OBE reports four victories in its expensive fight for the defense of its patents, and says it hasn't lost any of its battles on this front recently. In an action against Kanghua in China, the German supplier of components for eyewear frames managed to assert its rights to a key ...
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Fielmann is still predicting improved results and a double-digit increase...
Fielmann is still predicting improved results and a double-digit increase in its turnover for the current year. According to provisional figures, the leading German optical retailer booked an increase in pre-tax earnings of more than 45 percent to over €24 million in the 2nd quarter ended June 30 on 28 ...
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News briefs
Evelyne and Sandrine Lissac have agreed to sell more shares...
Evelyne and Sandrine Lissac have agreed to sell more shares in their Lissac chain to Optic 2000 by the 4th quarter of 2005 and to hand over its management to the French buying group, which took an initial stake of 30 percent at the end of 2003. The goal is ...
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News briefs
Michel Gouzille, a 41-year-old optician who has been a member...
Michel Gouzille, a 41-year-old optician who has been a member of Visual since 1989, has been elected as the new chairman of SACOL, the French company that manages the Visual banner. He replaces Jacques Perrin, who has become vice chairman. Jean-François Gallemard remains as managing director. SACOL presently owns 22 ...
