Latest News Briefs – Page 380
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News briefs
John Hogan has replaced Val Brunell, who is set to...
John Hogan has replaced Val Brunell, who is set to retire early next year, as president of Johnson & Johnson's new emerging spectacle lens group, which has begun to sell the group's first progressive lens, called Definity 2, in certain parts of the USA. Hogan joined J&J in 1980 and ...
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Retail sales of sunglasses grew in France last year by...
Retail sales of sunglasses grew in France last year by 19.4 percent to nearly 18 million pairs, according to the GfK market research institute, with a 19.7 percent increase in value, and the first indications for the few months of this year are positive as well. The opticians' market share ...
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CooperVision raised its sales by 27 percent to $56.1 million...
CooperVision raised its sales by 27 percent to $56.1 million in the 2nd quarter ended Apr. 30, but its operating income was off 5 percent to $12.3 million. CooperVision's global sales of soft contact lenses were up 33 percent, but they would have risen by only 4 percent without the ...
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Invicta, the American supplier of multi-color photochromic lenses, wants to...
Invicta, the American supplier of multi-color photochromic lenses, wants to raised another $2.5 million in equity this year to fund the international rollout of its Solera line. The company's revenues declined to $301,460 in the 1st quarter of 2002, but its net loss was reduced to $874,250 from $1.2 million ...
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Oakley has struck a retail partnership with Taubman Centers, which...
Oakley has struck a retail partnership with Taubman Centers, which manages 30 urban and suburban shopping malls in 13 states in the USA. Oakley's recently acquired Iacon chain of sunglass stores will open kiosks and in-line stores in 7 of its malls under its various banners ? Sporting Eyes, Sunglass ...
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Hoya has taken over from the Anderson family OptikSlip, a...
Hoya has taken over from the Anderson family OptikSlip, a company that was distributing its lenses in Sweden, Denmark, Norway and Finland. The business includes a joint venture for a laboratory that will service the whole region. Michael Hetmanson, a 42-year-old Swedish executive who come from a different sector, will ...
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Allison enters the Australian market through a joint venture with...
Allison enters the Australian market through a joint venture with a large local distributor which will retain a majority stake. Meanwhile, the Italian company is budgeting e1 million in advertising expenditures to sustain the launch of a new frame in magnesium, starting with sunglasses and following up with prescription models ...
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Marcolin reports pre-tax income of e2,554,000 for the 1st quarter...
Marcolin reports pre-tax income of e2,554,000 for the 1st quarter ended March 31, which cannot be quite compared with the results of one year ago. The equity ratio has improved to 0.48. Consolidated revenues rose by 3.4 percent in the quarter to e44,672,000, led by a 5.3 percent increase in ...
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News briefs
Fedon suffered a slight decline in consolidated revenues to e12.9...
Fedon suffered a slight decline in consolidated revenues to e12.9 million for the 1st quarter ended March 31. However, the leading supplier of eyeglass cases reports record orders of e16.5 million after the Mido fair in Milan, indicating that it will at least match the 2001 sales level of e58.6 ...
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News briefs
Johnson & Johnson's total sales rose by 11.3 percent to...
Johnson & Johnson's total sales rose by 11.3 percent to $8.74 billion in the 1st quarter, generating an 18 percent increase in net income to $1.83 billion. Johnson & Johnson's Spectacle Lens Group is successfully rolling out its first product, the Definity 2 progressive lens launched in December of 2001. ...
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News briefs
Alcon, the Nestlé subsidiary that went public on the New...
Alcon, the Nestlé subsidiary that went public on the New York stock exchange a few weeks ago, raised its net income by 14.5 percent to $108.2 million in the 1st quarter. Its sales grew by 7.9 percent to $706.5, with increases of 15.9 percent in pharmaceuticals, 3.9 percent in surgical ...
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News briefs
Xavier Lafosse has been appointed as worldwide business technology manager...
Xavier Lafosse has been appointed as worldwide business technology manager of Corning's ophthalmic business. Based at its R&D center in Fontainbleau, France, he reports to Vivian Gernand, the new vice president and general manager of the division. Lafosse has spent 7 years with Corning, where he ran the initial R&D ...
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News briefs
Gerber Coburn has introduced a compact entry-level Delta tracer that...
Gerber Coburn has introduced a compact entry-level Delta tracer that uses 4-D processing technology to measure also the frame groove angle. It has an integrated computerized blocking station and a user-friendly interface.
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News briefs
Pearle Europe had sales of $328.7 million in 2001, according...
Pearle Europe had sales of $328.7 million in 2001, according to the 10-K report filed by Cole National with the US Securities & Exchange Commission. Its profitability improved by about 40 percent, judging from a 40 percent higher income of $1 million for Cole National from its 21 percent stake ...
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News briefs
Essilor International reports a 9.7 percent sales increase to e567.8...
Essilor International reports a 9.7 percent sales increase to e567.8 million for the 1st quarter, with a 6.7 percent growth on a comparable basis. In fact, currency exchange rate changes had a positive impact of 2.3 percentage points on the final tally, while changes in the scope of consolidation added ...
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News briefs
Allergan's global net sales rose by 9.1 percent to $432.2...
Allergan's global net sales rose by 9.1 percent to $432.2 million in the 1st quarter ended March 29, and they increased by 12.7 percent in local currencies, but the net income for the period was down to $43.8 million from $52.1 million. Sales of contact lens care products decreased by ...
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News briefs
PPG Industries' sales for the 1st quarter ended March 31...
PPG Industries' sales for the 1st quarter ended March 31 were down to $1.9 billion from $2.1 billion in the year-ago period, but the optical business grew by 20 percent, thanks to the introduction of new products. The company's net profits for the period also decreased to $34 million from ...
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News briefs
Vision Lab, the successful Spanish high-end chain of optical stores,...
Vision Lab, the successful Spanish high-end chain of optical stores, has launched a new suburban store format of about 1,000 square meters.
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Harro Lotz, the multi-lingual executive who left recently as president...
Harro Lotz, the multi-lingual executive who left recently as president of Rodenstock France, becomes the business development manager of the French Optic 2000 buying group in Switzerland, where the number of affiliated stores is due to grow from 34 to 50 in the near term.
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News briefs
John Loose is leaving as president and CEO of Corning,...
John Loose is leaving as president and CEO of Corning, which says it may cut up to 12.5% of the total staff because of the slowdown in the telecommunications market.
