Latest News Briefs – Page 363
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News briefs
Fielmann is slightly more pessimistic than before about this year's...
Fielmann is slightly more pessimistic than before about this year's results. Günther Fielmann, the CEO, told shareholders at the annual meeting yesterday that he now expects a net profit of €75 million, down from the previous forecast of about €70 million. Instead of the formerly indicated turnover of €840 million, ...
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News briefs
Larry Pollock, president and CEO of Cole National, has urged...
Larry Pollock, president and CEO of Cole National, has urged shareholder to vote in favor of Luxottica's merger agreement at the company's annual meeting on June 20, but has again pointed out that Cole's board of directors would be prepared to accept a higher bid. Moulin International has not yet ...
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News briefs
Bausch & Lomb and CIBA Vision have finally buried the...
Bausch & Lomb and CIBA Vision have finally buried the hatchet in their legal disputes over the patent rights related to the use of silicone hydrogel materials in their contact lenses. Under the final settlement, the two companies will cross-license their respective rights in this field and B&L will pay ...
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News briefs
MIDO will return to its usual 4-day schedule in 2005,...
MIDO will return to its usual 4-day schedule in 2005, running from Friday May 6 to Monday May 9. The schedule will be from 9 am to 6:30 pm every day except on the last one when the Milan show will stop at 4 pm.. The organizers of the fair ...
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News briefs
Jürgen Jusko, 46, is promoted as general manager of Alpina...
Jürgen Jusko, 46, is promoted as general manager of Alpina International's eyewear division, replacing Günter Fink who has left the German company. Jusko has been running the division's export business for the last three years. He previously worked at length in Carl Zeiss' eyewear division, running for a while its ...
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News briefs
Moulin International has added its 35-year-old chief operating officer, Joe...
Moulin International has added its 35-year-old chief operating officer, Joe Barrett, to its board of directors. Barrett, who has been employed by Moulin since 2002, after working with the group as a management consultant for several years, is a director of Fore-Z Ltd., a wholly-owned Moulin subsidiary. He will be ...
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News briefs
ClearLab International has appointed Remco Engelhart as its regional manager...
ClearLab International has appointed Remco Engelhart as its regional manager for Central Europe in a move to boost its European position. Remco joins the company from Bausch and Lomb, where he was an account manager responsible for major retail chains. A qualified optician and contact lens specialist, he spent 8 ...
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News briefs
The Cooper Companies, parent company of CooperVision (CVI), has acquired...
The Cooper Companies, parent company of CooperVision (CVI), has acquired Les Laboratoires Opti-Centre, a Quebec-based manufacturer of contact lenses which hjolds the patents covering CV(s multifocal lens design technology used in its Frequency and Proclear lens, which have now been launched in Europe. CVI continued to grow faster than the ...
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News briefs
The EUROM 1 Ophthalmic Optics Committee has elected Randolf Rodenstock,...
The EUROM 1 Ophthalmic Optics Committee has elected Randolf Rodenstock, chairman of the eponymous German company, to be its new chairman during its general assembly last month after Bertrand de Limé, European director of Essilor, came to the end of his three-year term. Rodenstock, who previously ran the German optical ...
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News briefs
The European Hard Resin Institute, known as EHRI, has changed...
The European Hard Resin Institute, known as EHRI, has changed its name to the European Vision Association, or EVA, following a general assembly in June, with the aim of enlarging its reach and improving the quality of its products and services. The EVA has chosen Norbert Couget as its new ...
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News briefs
The Federation of Manufacturing Opticians has appointed Andrew Actman as...
The Federation of Manufacturing Opticians has appointed Andrew Actman as new vice chairman. Actman, who set up his eponymous company in 1986, has been chairman of the Optical Frame Importers and Manufacturers Association for the past year. He will work with FMO's chairman, Malcolm Polley, on various new initiatives, possibly ...
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News briefs
Gerber Scientific has announced plans to close its Gerber Coburn...
Gerber Scientific has announced plans to close its Gerber Coburn plant in Muskogee, Oklahoma, home to its ophthalmic business, by April 2005, and plans to move operations to its other locations, mostly in Connecticut where its headquarters are based. The Muskogee plant employs 130 people, most of whom will be ...
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News briefs
Eye Care Centers of America is going public. The large...
Eye Care Centers of America is going public. The large American optical retail chain, which had been previously been earmarked as a possible candidate for a takeover by Luxottica or another big player, has reported that its net revenues climbed in its 2003 fiscal year to $369.9 million, up slightly ...
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News briefs
The Optocoop buying group, which distributes the Oxo brand of...
The Optocoop buying group, which distributes the Oxo brand of eyewear to the 425 members of this Italian cooperative, generated sales of €116.2 million in 2003, roughly the same level as the previous year. The volume sold was actually slightly down on 2002, but higher-priced items such as new generations ...
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News briefs
Lantis Eyewear has filed for Chapter 11 bankruptcy protection in...
Lantis Eyewear has filed for Chapter 11 bankruptcy protection in the USA, declaring total debt of $133 million against assets of $39 million. HIG Capital, a private equity company that took over Lantis' debt in March in exchange for secured senior notes, may end up taking over all the assets. ...
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News briefs
The worst seems to be over for Marcolin. The group's...
The worst seems to be over for Marcolin. The group's total sales rose by 14 percent in the 1st quarter ended March 31, with increases of 22 percent in Italy and 14 percent in the rest of Europe. In the USA, sales rose by 10 percent in euros but jumped ...
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News briefs
The Hilsinger Company has taken over the remaining assets of...
The Hilsinger Company has taken over the remaining assets of Leader Sports, the Canadian supplier of sports goggles and other products. The acquisition comes two years after Hilsinger, a US provider of eyecare accessories and supplies, acquired Leader's prescription sports eyewear business. The new acquisition, which entails a supply agreement ...
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News briefs
BMC Industries says it's exploring new ?strategic alternatives? including the...
BMC Industries says it's exploring new ?strategic alternatives? including the possible sale of all or parts of the company, which controls Visionease. Chanin Capital Partners is acting as advisor in the matter. Some financial restructuring is said to be likely to take place soon in the company's European operations, which ...
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News briefs
Laurent Schmitt, who recently ran GrandVision's Italian chain of GrandOptical...
Laurent Schmitt, who recently ran GrandVision's Italian chain of GrandOptical stores, is going back to Essilor to run its Brazilian subsidiary. Frédéric Vitre, who runs GrandVision's foreign operations, will replace him on an interim basis. Schmitt, a French expatriate, already worked for Essilor as manager of its Portuguese operations in ...
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News briefs
Polaroid Eyewear has entered a licensing agreement with Specialty Lens...
Polaroid Eyewear has entered a licensing agreement with Specialty Lens Corp., the US producer of polarized lenses acquired by Essilor last year, allowing the Polaroid brand to establish its presence in the prescription sunglass market. The deal with SLC is restricted to North, Central and South America for the time ...
