Latest News Briefs – Page 384
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News briefs
The tragic events of last September also hit the market...
The tragic events of last September also hit the market for eyewear cases and other accessories. Fedon, world leader in this sector, saw its own turnover fall by 4.1 percent to 11.4 million euros, thus reduing the strong annual growth of over 20 percent recorded in the previous two quarters. ...
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News briefs
Worldwide sales of contact lens care products fell by an...
Worldwide sales of contact lens care products fell by an estimated 3 percent in the 12-month period ended last June 30, according to Allergan, which claims to have raised its share in the market to 21 percent in the period. On a constant currency basis, the company's sales of these ...
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News briefs
Ocular Sciences raised its net income by 28 percent to...
Ocular Sciences raised its net income by 28 percent to $9.6 million in the 3rd quarter ended Sept. 30. Sales grew by 44 percent to $68.9 million, thanks in part to the acquisition of Essilor's former contact lens business, which helped boost sales outside the USA by 97 percent to ...
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News briefs
Sales dropped by 6 percent at Vision-Ease in the 3rd...
Sales dropped by 6 percent at Vision-Ease in the 3rd quarter of this year. Demand is relatively stable, but retailers have apparently reduced orders because of the uncertain economic situation, says BMC Industries, parent company of the US-based polycarbonate lens producer, which is improving its market penetration in Germany and ...
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News briefs
A California court issued last Nov. 20 a temporary restraining...
A California court issued last Nov. 20 a temporary restraining order against Luxottica, preventing the company from importing or selling in the USA three models of sunglasses until a hearing scheduled today in a patent infringement suit brought by Oakley. Denying the patent infringement claims, which concern Oakley's Iridium reflective ...
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News briefs
Claudio Del Vecchio, son of Luxottica's chairman, Leonardo Del Vecchio,...
Claudio Del Vecchio, son of Luxottica's chairman, Leonardo Del Vecchio, has bought Brooks Brothers from Marks & Spencer for $225 million. Brooks Brothers, a famous American brand of men's shirts that had been previously coveted by Diego Della Valle, the Italian entrepeneur behind Tod's, has been acquired by Claudio Del ...
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News briefs
Carl Zeiss has decided to show at the Opti München...
Carl Zeiss has decided to show at the Opti München fair next Jan. 11-13, joining Eschenbach, Rodenstock and other major German firms that are pulling out of the Optica fair in Cologne. They will be among 800 directly and indirectly represented firms showing at the young new fair in Munich. ...
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News briefs
CORRECTION: The issue number on the Oct. 25 release of...
CORRECTION: The issue number on the Oct. 25 release of our newsletter was incorrectly stated as Vol. 2, Issue No. 3 in some copies. It should have said No. 13. We'll publish another issue in December and start with the third volume in January. The first two volumes started out ...
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News briefs
Esa Analyses The Spanish Sunglass Market
Some 63 percent of the Spaniards between the ages of 15 and 64 own a pair of sunglasses, bought at an average price of 77.3 euros - mostly from an optician or from the largest department store chain in the country, El Corte Inglés. One in 4 Spaniards wears a ...
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News briefs
Essilor reports a 5.2 percent sales increase for the first...
Essilor reports a 5.2 percent sales increase for the first 9 months of this year to 1,560.9 million euros, reduced to 5 percent based on comparable structures and after eliminating a 0.9 percent currency exchange gain. Essilor has yet to report on its own profitability, but says these sales results ...
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News briefs
The Arnette and Briko brands, whose ownership was transferred last...
The Arnette and Briko brands, whose ownership was transferred last year by Luxottica to Leonardo Finanziaria, the family holding company of Leonardo Del Vecchio, are now both distributed by Typetwenty, a new firm in Italy that takes over from the former Brico. Run by Paola Del Vecchio, a daughter of ...
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News briefs
CIBA Vision raised its sales by 41 percent to 485...
CIBA Vision raised its sales by 41 percent to 485 million Swiss francs (e327m-$298m) in the 3rd quarter ended Sept. 30, or by 48 percent in local currencies. Over the first 9 months of the year, the contact lens subsidiary of Novartis enjoyed a total sales increase of 46 percent, ...
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News briefs
A dozen Chinese buyers visited the Silmo fair in Paris...
A dozen Chinese buyers visited the Silmo fair in Paris this week at the invitation of Gifo, the French optical industry association, which sponsored the first collective French stand at the Chinese optical fair last Sept. 11-14, featuring 8 firms. Meanwhile, Anfao, the Italian eyewear industry association, is considering a ...
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News briefs
CORRECTION: Rodenstock has invested about 6 million euros in connection...
CORRECTION: Rodenstock has invested about 6 million euros in connection with the merger of Pro-Laser into Briot International through writeoffs of loans, receivables and other bonuses, but contrary to a previous report, its stake in the new company is of only around 5 percent.
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News briefs
Johnson & Johnson Vision Care (former Vistakon) has extended Jean...
Johnson & Johnson Vision Care (former Vistakon) has extended Jean Accad's territorial responsibilities to cover Eastern Europe, East Africa and the Middle East. The 40-year-old French executive, who joined the group in 1997, remains in charge of Southern Europe. His responsibilities as country manager for France are taken up by ...
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News briefs
Allergan is carrying out an investment of 6.8 million euros...
Allergan is carrying out an investment of 6.8 million euros to set up a European research center at Mougins, in the South of France. The new center, which is designed to employ about 120 researchers, is expected to start up in February of next year. It's meant to reinforce especially ...
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News briefs
Gerber Scientific says it has taken steps to lower operating...
Gerber Scientific says it has taken steps to lower operating costs at its Gerber Coburn opththalmic lens processing operations, whose profits declined in the 1st quarter dur to lower demand in North America for equipment and after-market supplies. Excluding the effect of new accounting standards, Gerber Scientific posted a net ...
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News briefs
Luxottica Group's shareholders have approved a proposal to issue new...
Luxottica Group's shareholders have approved a proposal to issue new shares with a nominal value of 660,000 euros, involving an equity increase of 2.43 percent, to finance one or more stock option plans for its employees. The equity increase may be carried out in one or more stages between now ...
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News briefs
De Rigo is using more and more testimonials for its...
De Rigo is using more and more testimonials for its own brands of sunglasses and frames. An American actor, George Clooney is endorsing the Police brand all over the world, with the exception of the USA, Canada, the UK and Japan. Two soccer champions, David Beckham and Gabriel Batistuta, are ...
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News briefs
Opti-München and Optica in Cologne are adding more side events...
Opti-München and Optica in Cologne are adding more side events to help attract more visitors at their respective fairs early next year. The Munich fair will host at its Jan. 11-13 session historical 18th and 19th century eyeglass models from the Brillenmuseum of Hamburg as well as more than 100 ...
