All articles by Pierre-Marie Bernard – Page 3
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ArticleRodenstock upgrades portfolio, fine-tunes group strategy and synergies
After its participation at the opti show in Munich in January, Rodenstock presented its latest innovations at its booth during the Mido show in Milan, from Feb. 3 to 5. The German-based lens maker introduced this year its new LayR coating, which it describes as an extension of its biometric ...
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ArticleEssilorLuxottica acquires Japanese retail chain
EssilorLuxottica is about to deploy its full-scale vertical-integration business model in Japan. We have learned that the Italo-French group has acquired the business of Washin Optical, a Japanese mid-size optical retailer founded in 1951, through its Luxottica Japan subsidiary. The information has not been officially announced by the group yet, ...
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ArticleDe Rigo wholesale and retail up double digits in 2023
De Rigo Group has announced solid revenue growth for both its wholesale and its retail operations in 2023, as the company’s consolidated sales reached €506 million, up by 11.8 percent year-on-year on a reported basis. This is the first time that the topline has exceeded €500 million since 2008, when ...
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ArticleSustained eye care sales growth and IT unit rebound for HOYA in Q3
HOYA CORPORATION has reported another quarter of solid growth in its Life Care business unit, as total revenue went up by 12 percent year-on-year to 133.5 billion Japanese yen (€842m) in reported terms for the quarter ended Dec. 31, 2023. At constant exchange rates, Life Care increased by 6 percent ...
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ArticleInspecs posts mixed results for 2023, resumes acquisitions strategy
Releasing a trading update for 2023, UK-based Inspecs Group has reported margin improvements on flattish year-on-year sales for last year (£200.3m, €234.9m). On a constant-currency basis, the group’s topline declined by 1.6 percent versus 2022, which the company attributed to softer trading in December. This apparently more than offset the ...
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ArticleFielmann remains committed to Italian market after closures announcement
After reports in the Italian press at the end of last year that Fielmann was preparing to shut down 11 of its 54 stores in the country, the German-based retail group confirmed some closures but remains intent on developing its network in the country. “Fielmann reaffirms commitment to the Italian ...
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ArticleStore network upgrade, digitization and HR key to Paris Miki rebound
Like all well-established Japan retailers across all sectors, Paris Miki is facing an apparently unsolvable equation: finding sustainable growth in a country where the population is forecast to decline by approximately five percent every ten years. While many of these companies are heavily investing to develop their business abroad, particularly ...
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ArticleMorrow Eyewear kicks off European expansion with Novacel partnership
Morrow Eyewear, the Belgian-based company specializing in autofocal glasses, has announced the signature of a partnership with Novacel Optical for the distribution of its eProgressive Glasses in France and Switzerland. The company said that the agreement would enable over 30 million presbyopes in the two countries with its pioneering technology. ...
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ArticleGerman eyewear industry sales inched up in 2023 as exports slowed down
German eyewear industry association Spectaris has released preliminary data for the sales of its members on both the domestic and export markets at the recent opti trade fair in Munich, based on figures for the January to September 2023 period. As reflected in the table below, the total industry revenue ...
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ArticleEyewear stock price up 8% in Q4, sector market capitalization up 10% year-on-year
Along with our usual quarterly update on public eyewear companies’ stock price variations, we are also publishing in the table below the year-on-year changes to provide a longer-term perspective, as well as our annual market capitalization ranking further down on this page. After a negative third quarter, the average stock ...
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Article“We need to train the eyewear factory workers of the future”
During our previous interview with Giovanni Vitolani in December, the president of Mido also shared some thoughts on the state of affairs in the Italian eyewear district and at ANFAO, the Italian eyewear industry association which he led for six years until December last year. “As anticipated after a solid ...
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ArticleZEISS Consumer Markets unit up 5% in fiscal year, group topline over €10 bn
ZEISS Group has reported record revenue of €10.1 billion for the fiscal year ended Sept. 30, up by 15 percent compared with 2021/22 and over the symbolic €10 bn mark for the first time. As shown in the table below, the group’s growth was largely driven by its semiconductor business ...
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ArticleOpti gets ready for a 2024 rebound
The numerous changes and initiatives implemented after a difficult edition of the show earlier this year, including a roundtable with stakeholders to rethink the concept this summer, seem to have paid off as opti has announced a significant increase in both exhibiting space and exhibitors’ participation for their 2024 edition. ...
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ArticleMido, ANFAO put CSE front and center in 2024
Just a few weeks before the opening of Mido 2024, we sat down with Giovanni Vitaloni, president of the event, to talk about what exhibitors and visitors should expect for this next edition but also more generally about current and future strategic focus areas for the organizers. In the second ...
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ArticleMitsui aims to boost its Life & Healthcare business’ profits by 2030
During its Vision 2030 business strategy presentation held earlier this week, Mitsui Chemicals has announced that it was planning to increase the operating profit of its Life & Healthcare Solutions division from 36 billion Japanese yen (€229 m) in the current fiscal year to ¥65 billion (€413 m) in fiscal ...
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ArticleCooperVision slowed down by production capacity limitations
CooperCompanies has reported an 11 percent year-on-year revenue increase to $622.9 million for its CooperVision division in the last quarter of its 2023 fiscal year ended Sept. 30. Quarterly sales of contact lenses were up by 9 percent at constant exchange rates and by 11 percent organically compared with Q4 ...
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ArticleKarün Eyewear to get a Walmart boost
Karün Eyewear, the Chile-based brand of eyewear made from recycled and traceable materials, has signed a nationwide, but non-exclusive, partnership with Walmart for the distribution of its frames in the U.S. retail giant’s Walmart Vision Centers. ”We chose to work with Walmart as our U.S. national retailer to expand access ...
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ArticleReport puts fresh numbers on German optical retail long-term trends
Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists, has released the four-year update of its BranchenStrukturerhebung report, an analysis of the German optical retail sector’s structure put together with research company GFK. It provides a number of market indicators for the year 2022 and, for ...
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ArticleMagrabi aims to consolidate regional leadership before entering new markets
Following up on our article last February about the expansion of MAGRABI Retail Group, the leading optical retailer in the Middle East region, we talked with Yasser Taher, who was appointed CEO of the family-owned group at the start of this year, after having served as Chief Operating Officer since ...
