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Alcon’s vision care sales flat in Q3
In the third quarter of 2020, Alcon’s vision care division, which includes the contact lens and ocular health businesses, posted net sales of $822 million, unchanged from a year earlier at current and constant currency rates. The company said that strong performances by Precision1, its newest daily silicone hydrogel (SiHy) ...
Fielmann warns that Covid second wave may affect full-year guidance
Fielmann confirmed its updated full-year guidance but warned that the introduction of restrictive measures in most of its markets to tackle the resurgence of the Covid-19 pandemic could prompt it to review its forecasts. The company currently anticipates external sales, which include value-added tax, to exceed €1.6 billion, but to ...
New Look Vision Q3 sales lifted by pent up demand
In the third quarter, New Look Vision Group, Canada’s largest optical retailer, posted a 16.8 percent year-on-year increase in sales to 86.9 million Canadian dollars (€56.1m-$66.3m) driven primarily by comparable store sales growth as well as from newly acquired stores. Comparable store sales were up by 13.5 percent, underpinned by ...
National Vision sees Q4 comparable sales up by 5-9% as pent-up demand moderates
National Vision expects adjusted comparable store sales to grow by only 5 to 9 percent in the fourth quarter, after rising by 12.4 percent in the previous three months, as pent-up demand peters out. The third quarter experienced a strong rebound after comparable sales declined by 36.5 percent in the ...
Manager takes over GemOptics from Mondottica
As part of its strategy to focus on its eyewear distribution business, with licensed brands such as Christian Lacroix, Sergio Tacchini or Pepe Jeans among others, Mondottica International has sold its entire stake in the wholly-owned unit GemOptics to Robert Content, the general manager of the French company.
Inspecs buys Eschenbach for €95 million
Inspecs is buying the German company Eschenbach Holding for €94.85 million (£84.7m), a move that will enable the British eyewear company to obtain greater scale and provide it with the opportunity to acquire bigger global licenses.
Italy’s main buying groups merge
Italy’s two main buying groups, Vision Group and Netcity, will merge on Jan. 1, but will maintain their offices and staff based in Milan and Prato, near Florence.
L’Amy saved by ILG, MadaLuxe
L’Amy, the French eyewear maker, which can boast over 200 years of history, has been saved by its existing shareholder, International Luxury Group (ILG), and an American partner, MadaLuxe.
Ozon enjoys a successful IPO
The e-commerce giant Ozon went public on Nov. 24 on the Nasdaq stock exchange in New York, and enjoyed one of the most successful initial public offerings (IPO) for a Russian business in years.
Decathlon's Quechua brand offers prescription sunglasses
Quechua, Decathlon’s private label of outdoor products, has introduced a model of sunglasses fitted with corrective lenses. The MH580 is intended to meet the needs of the many outdoor enthusiasts who suffer from vision problems. The new prescription sunglasses are sold exclusively on a digital platform at decathlon-optique.fr, which can ...
Record Cyber Monday in the U.S.
Online shopping in the U.S. reached $10.8 billion on Cyber Monday, according to Adobe Analytics. It was a 15.1 percent increase on the previous year and a daily record for online shopping in the country.
British delivery service fears uncontrollable Black Friday
London-based delivery service ParcelHero said that it’s forecasting an £8.49bn (€9.5bn-$11.5bn) monster Black Friday to Cyber Monday weekend. It warns that stores must learn from the disaster of Black Friday 2014 or delivery chains could snap once again this year. In 2019, Britons spent a £5.55bn (€6.2bn-$7.4bn) on Black Friday-Cyber ...
Change of ownership at Mondottica International
The Hong Kong-based Mondottica International has changed ownership and is now controlled by a consortium comprising Capital Eyes Holding, Ross Holdings and Ferdinand Menrad. No financial details were released, but the tran partnersaction includes a substantial capital injection.
New CEO and brand positioning for Hoya Vision Care
Hoya has announced the appointment of Alexandre Montague as the new CEO of Hoya Vision Care, the lens division of the Japanese group. The French eyewear industry veteran started in this position in August, after spending six months at the helm of Hoya Eye Care, the company managing the contact ...
A quarter of European firms need support or face a cash shortage in 2021
About a quarter of companies in the Eurozone will need more government support in 2021 to avert a cash-flow crisis, according to the French credit insurance company Euler Hermes.
Marc Simoncini, Alain Afflelou most admired French businessmen
Marc Simoncini and Alain Afflelou were elected as the most admired French businessmen in a poll organized by the magazine, Capital.
French optical expenses up 5.6% in 2019
In its annual report published last week, the French ministry of health calculated that the overall health expenses in the country reached a total of €208 billion last year, an increase of 2.1 percent from 2018. The ministry also announced that the average “reste à charge” - the share of ...
Executive Survey: Optical industry braces up for a difficult spring/summer 2021 season
The optical industry is expecting a significant decline in demand for spring/summer 2021 collections as the world economy still reels from the blow of the Covid-19 pandemic. Nevertheless, many are maintaining comprehensive collections and relying on digital tools to defend or develop their businesses, according to an executive survey carried ...