Latest News Briefs – Page 353
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News briefs
Thai Optical Group is gearing up for an initial public...
Thai Optical Group is gearing up for an initial public offering on the Stock Exchange of Bangkok that should take place in the 3rd quarter through a new issue of 6.8 million shares for the expansion of its lens production, data processing systems, the purchase of real estate and working ...
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News briefs
Shamir Optical Industry, the Israeli supplier of progressive lenses that...
Shamir Optical Industry, the Israeli supplier of progressive lenses that went public last March 11, reports a 32.9 percent increase in revenues to $20.7 million for the 1st quarter ended March 31. Sales grew especially in the UK, following the acquisition of Cambridge Optical last September. Net income remained stable ...
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1-800 Contacts reverted to black figures in the first quarter...
1-800 Contacts reverted to black figures in the first quarter ended Apr. 2, posting a net profit of $200,000 against a $2.2 million loss a year ago. Retail sales in the USA increased to $56.4 millin from $49.4 million. Sales at ClearLab International jumped to $4.3 million from $1.4 million. ...
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News briefs
Maui Jim is adding a sales office in Spain to...
Maui Jim is adding a sales office in Spain to those it operates in France, Italy, Germany and the UK. The new Spanish office will be run by Ignacio Garçia, who had been previously designated by Ocular Sciences to open its own Spanish operation. Eric Gounget, who had started up ...
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News briefs
A Belgian jeweler, Holemans, is about to enter the eyewear...
A Belgian jeweler, Holemans, is about to enter the eyewear sector, proposing jewel-studded frames to match its rings and necklaces. The company recently signed a licensing agreement with Belgiris, another Belgian company, which will produce and distribute the frames worldwide. Prototypes produced to date are mainly prescription models. The frames ...
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News briefs
For the first quarter of 2005 Fedon generated revenues of...
For the first quarter of 2005 Fedon generated revenues of €13,685 million, down 5 percent from the same period last year. But the world's leading producer of eyewear cases is expecting higher sales later this year on the strength of orders worth €16 million. A similar pattern occurred in 2004, ...
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News briefs
Gatto Astucci confirms its ranking as n 2 in eyewear...
Gatto Astucci confirms its ranking as n 2 in eyewear cases, with turnover at $42 million in 2004, equivalent to roughly €31 million, on sales of 40 million units. The Italian firm plans to consolidate this year its global network of 10 distribution centers, including the head office and Modoplex, ...
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News briefs
CIBA Vision has opened the first module of a new...
CIBA Vision has opened the first module of a new $250 million manufacturing facility in Singapore, with an initial staff of 220 employees. This module, which required an investment of $85 million, will focus on the production of Focus Dailies for the Asian market. Feaaturing a fully integrated and highly ...
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News briefs
Aai.Foster Grant has changed its name to FGX International, reflecting...
Aai.Foster Grant has changed its name to FGX International, reflecting a stronger focus on its non-US business, which represents about 20 percent of the US company's sales. FGX has a new logo and a new business structure, with three separate divisions for mass market, better and premium eyewear. The first ...
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News briefs
OptiSource International, the US parent company of Nu-Chem Laboratories, Hunter...
OptiSource International, the US parent company of Nu-Chem Laboratories, Hunter Delatour, Case Craft and LeanCleaner.com, has decided to integrate all its 7,000 different products for the eyewear industry under the OptiSource brand name. The company, whose operations were recently regrouped into a new building in Bellport, New York, has been ...
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News briefs
Weco Optik, the German company taken over by Buchmann Optical...
Weco Optik, the German company taken over by Buchmann Optical Holding three years ago, has changed its name to Buchmann Deutschland. The new company includes the business of the former German subsidiary of Briot, which also belongs to BOH. Yvan Waldeck continues to run both operations. The new company will ...
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News briefs
Arts Optical has secured distributors for its licensed Fiorucci line...
Arts Optical has secured distributors for its licensed Fiorucci line of eyewear in Italy and France ? they are Sichel & Sichel and JLL, respectively ? and it's discussing agreements with ten other potential distributors in other European countries, including Germany and Spain. The Hong Kong-based firm recently got its ...
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News briefs
Scandinavian Frames has reported a turnover of 14.5 million Swedish...
Scandinavian Frames has reported a turnover of 14.5 million Swedish kronor (€1.6m-$1.9m) for 2004,up from 7.2 million SEK in 2003. Unit sales grew to around 110,000 from 67,000 pairs. The company is a totally separate entity from Scandinavian Eyewear, and its products are sold directly in Sweden, Denmark, Finland, Germany ...
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News briefs
Orange 21, the parent company of Spy Optic that went...
Orange 21, the parent company of Spy Optic that went public late last year, has been named in four different securities lawsuits in the USA. In one of them, filed by the Connecticut law firm of Schatz & Nobel, the company is accused of having made false statements in its ...
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News briefs
Advanced Medical Optics' shopping spree has gone further with the...
Advanced Medical Optics' shopping spree has gone further with the acquisition of Quest Vision Technologies, a California firm with which it struck one year ago a deal to develop jointly new intraocular lens technologies and designs to address the problem of presbyopia. The agreement gave AMO the right to acquire ...
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News briefs
Allergan's sales of eye care pharmaceuticals rose by 9.5 percent...
Allergan's sales of eye care pharmaceuticals rose by 9.5 percent in dollars and by 8 percent in terms of local currencies during the 1st quarter ended March 25. They reached $298 million. The company's overall revenues rose to $527.2 million from $472.4 million in the year-ago period, generating net income ...
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News briefs
Alcon has reported that its global sales for the 1st...
Alcon has reported that its global sales for the 1st quarter of 2005, ended March 31, were up by 11.1 percent from the same period in 2004. Net earnings rose by 30.6 percent to $249.5 million. Sales grew both geographically and in terms of lines of products.
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News briefs
Intercast is extending the uses of its unbreakable NXT material...
Intercast is extending the uses of its unbreakable NXT material from lenses to frames. Some innovative applications in soft and harder versions of the material, developed together with a research unit of the European Center of Design (CRIET) in Milan, were shown at the MIDO fair in Milan last month. ...
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News briefs
Corporation Dermoestetica, a Spanish group that is believed to be...
Corporation Dermoestetica, a Spanish group that is believed to be Europe's largest provider of cosmetic surgery services, has acquired Ultralase, Britain's pioneering laser eye treatment company, according to Optician magazine. In addition to the £30 million (€44.4m-$54.6m) takeover, the Spanish company plans to open six new clinics in the UK ...
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News briefs
Britain's Association of Dispensing Opticians is launching practice insurance for...
Britain's Association of Dispensing Opticians is launching practice insurance for its members, 20 percent of whom own their own practices. ABDO is conversing regularly with optical bodies in Eastern Europe about best practice development and is carrying out eye examinations in Malaysia.
