Latest News Briefs – Page 385
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News briefs
Vision Council of America and Reed Exhibitions have blocked space...
Vision Council of America and Reed Exhibitions have blocked space at the Sands Convention Center in Las Vegas to hold next year's International Vision Expo West from Sept. 12 to Sept. 14, warning that show dates and venue are subject to change. The new Thursday-Saturday show schedule is meant to ...
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News briefs
Cole National reports net income of $1,459,000 for the 2nd...
Cole National reports net income of $1,459,000 for the 2nd quarter ended Aug. 4, compared with $452,000 in the year-ago period, with cash flow up and debts down. The leading North American optical retailer raised its sales slightly to $273,348,000 in the quarter. While its Things Remembered gift shops posted ...
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News briefs
Robert Hillman, a veteran of the American optical retailing scene,...
Robert Hillman, a veteran of the American optical retailing scene, has become chairman and CEO of Emerging Vision, parent company of Sterling Optical, a US chain of 225 optical stores. He replaces the former chairman, William Stasior, and Michael McGeeney, who served as interim CEO. Hillman founded Hillman/Kohan Eyeglasses, which ...
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News briefs
Moulin International has acquired a controlling interest in Filos Group,...
Moulin International has acquired a controlling interest in Filos Group, according to the Italian unions. They indicate that the Chinese company's investment has salvaged Filos' United Optical subsidiary, which was going through a deep financial crisis, thus avoiding the layoff of 150 out of 300 employees. Filos indicates that it ...
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News briefs
Allison, the eyewear firm belonging to ITR, the Italian holding...
Allison, the eyewear firm belonging to ITR, the Italian holding company of fashion entrepeneur Tonino Perna, has bought a controlling 51 percent stake in a manufacturer of gold-laminated eyewear by the name of Desil. The agreement provides for the remaining 49 percent to be acquired in 2010. In the first ...
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News briefs
The Marcolin group has signed a global 4-year production and...
The Marcolin group has signed a global 4-year production and distribution license for ophthalmic frames and sunglasses bearing the famous Montblanc brand name. The first line will be introduced in Europe and the USA in the spring of 2003, and the distribution will subsequently be extended to other parts of ...
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News briefs
Couteur Design Group, a new company in New York, has...
Couteur Design Group, a new company in New York, has announced a licensing agreement for Vera Wang's first eyewear collection. The deal grants CDG worldwide manufacturing, marketing and distribution rights. A sophisticated and modern line of sun and ophthalmic models will be available in Vera Wang accounts and select specialty ...
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News briefs
Further expansion in Europe and Japan should help lift CooperVision's...
Further expansion in Europe and Japan should help lift CooperVision's revenues by between 15 and 20 percent this year. The Cooper Companies raised their revenues by 18 percent to $60 million in the 3rd quarter ended July 31, with CooperVision recording a 15 percent increase. Excluding a one-time charge of ...
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News briefs
Stephen Fanning has left Johnson & Johnson, where he was...
Stephen Fanning has left Johnson & Johnson, where he was president of the McNeil specialty products division, to become the new president and CEO of Ocular Sciences. OC's founder and interim CEO, John Fruth, will remain as chairman, concentrating on strategic planning. OC's sales grew by 43 percent to $61.4 ...
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News briefs
Biocompatibles disappointed investors by reporting an operating loss of 9...
Biocompatibles disappointed investors by reporting an operating loss of 9 million pounds (e14.4m-$13.1m) for the 1st half of this year, in spite of a 38 percent sales increase to £32 million (e 51.3m-$46.5m), but the company said results would improve in the 2nd half and reach the break-even level in ...
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News briefs
Allergan expects its contact lens care business to decline by...
Allergan expects its contact lens care business to decline by between 3 and 8 percent this year. Its sales of these products dropped by 14.8 percent in the 2nd quarter ended June 30, contributing to a 12.5 percent decline to $141.2 million for the whole 1st half of the year. ...
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News briefs
BMC Industries expects an improvement in its profitability during the...
BMC Industries expects an improvement in its profitability during the second half of this year, following investments on new polycarbonate capacity and on infrastructures to support sales growth. The operating margin of the group's Vision-Ease subsidiary declined to 6.9 percent in the second quarter from 11.8 percent in the year-ago ...
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News briefs
Invicta Corp., the US manufacturer of Solera photochromic fashion lenses,...
Invicta Corp., the US manufacturer of Solera photochromic fashion lenses, had revenues of $668,735 in the first 6 months of this year, markedly up from only $111,215 in the year-ago period. The company had not yet reached critical mass during the period, so it had a net loss of $2.3 ...
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News briefs
Anfao, the Italian optical industry association, has appointed two new...
Anfao, the Italian optical industry association, has appointed two new vice presidents, Renato Sopracolle and Lorenzo Ungano, and confirmed Vittorio Tabacchi of Safilo in the same role. Sopracolle runs a frame manufacturing firm by the same name and is chairman of Sipao, the optical manufacturers' association in the Belluno region. ...
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News briefs
While the fair organizations of Cologne and Düsseldorf discuss a...
While the fair organizations of Cologne and Düsseldorf discuss a possible merger,he organizers of the Optica fair in Cologne feel that their decision to shift its dates to next Feb. 15-18 was right, considering that more than 50 percent of the allotted gross space of 40,000 square meters has ...
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News briefs
OK Messen has added a second hall to accommodate all...
OK Messen has added a second hall to accommodate all the companies that have agreed to show at its new Opti Zurich fair in Switzerland, which will be held for the first time next Sept. 9-10. Airess, Allergan, Bausch & Lomb, Bollé, Cébé, Ciba Vision, eschenbach, Essilor, Neostyle, Oakley, Rodenstock, ...
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News briefs
The Hong Kong Optical Fair next Nov. 7-9 will feature...
The Hong Kong Optical Fair next Nov. 7-9 will feature more than 360 exhibitors from 17 countries. China and Taiwan will have 80 and 45 exhibitors, respectively. France will have 9 exhibitors, Germany 13 and Italy 4.
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News briefs
Signature Eyewear, the troubled US eye frame company, has obtained...
Signature Eyewear, the troubled US eye frame company, has obtained an extension of its credit facility until Aug. 31 after reporting better-than-expected results for the 1st half ended Apr. 30. The company turned around to a profit in the first two quarters from net losses in the corresponding periods a ...
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News briefs
The US government has abolished a series of retaliatory customs...
The US government has abolished a series of retaliatory customs measures, imposed in 1999 in the context of the so-called banana war against the European Union, which involved among other things a 100 percent duty on empty eyeglass cases imported from the EU. These cases are now subject again to ...
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News briefs
A US court has rejected Wesley Jessen's request to ban...
A US court has rejected Wesley Jessen's request to ban the sale of CooperVision's new colored contact lenses in the country. In other legal action, Ocular Sciences has won a court suit against Weblens.com, an American internet site that was accused of removing all identifications and instructions from the boxes ...
