All Eyewear Intelligence articles in Volume 13, Issue 8-9
View all stories from this issue.
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Article
Luxottica takes over the rest of Sun Planet
The company also will buy 120 Sun Planet stores in Spain and Portugal. The transaction has an enterprise value of about €20 million and is scheduled to be closed in the third quarter of 2012. The chain operates 90 stores in Spain and 30 in Portugal and generated sales of ...
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News briefs
A new study published in this month's Lancet, the medical...
A new study published in this month's Lancet, the medical journal, founs that a shocking 90 percent of young people in Asia have myopia, compared with 20 percent of Asians in previous generations. The rate of myopia is riding worldwide; in Europe, 40 percent of young adults have the condition, ...
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Article
A look at the Korean industry and market
South Korea is a particularly interesting emerging market, with a population of 48.5 million earning an average of $2,000 a month, and only 2.9 percent of people below the poverty line, compared with 3.5 percent in Italy, for example. The Republic of Korea ranks 12th in terms of GDP with ...
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News briefs
PFO Global and VSP Optics Group are working together to...
PFO Global and VSP Optics Group are working together to develop digital lens fitting and dispensing technology that eye care professionals can use on tablet or mobile computers, such as the iPad. The collaboration has been going on for a year, and the companies have already jointly applied for patents ...
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Article
Europe weighs on Marcolin’s results
Marcolin booked a 0.6 percent drop in revenues to €63.5 million in the first quarter as sales fell sharply in Europe due to the difficult economic situation in Italy, Portugal, Spain and Greece. At constant currency rates, the decline in the top line widened to 1.9 percent.In Europe, the company's ...
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News briefs
Italian Independent has put out a special edition of eyewear...
Italian Independent has put out a special edition of eyewear to celebrate the victory of the Juventus team in the Italian football championships. The glasses will be available at Italian Independent stores as well as at the juvestore.com website for €147 a pair. Owned by a heir to the fortune ...
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News briefs
Partnering with Italia Independent for his new line of designer...
Partnering with Italia Independent for his new line of designer eyewear, an Italian tailor, Alessandro Martorana, has selected its I-wear 2012 090 frame model to cover it with fabric to suit any mood and complement any outfit. The eyewear is available only from Martorana's workshop in Milan or his hometown ...
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News briefs
The German online retailer Mister Spex works currently together with...
The German online retailer Mister Spex works currently together with a more than 100 partner opticians in Germany, up from 56 at the end of January, and the total is expect to reach 200 by the end of June. The program began in August last year. Mister Spex offers customers ...
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News briefs
A group of researchers from Samsung's “Creativity Lab” has developed...
A group of researchers from Samsung's “Creativity Lab” has developed an “eye tracking” system that is meant to replace the mouse of a computer for people affect by amyotrophic lateral sclerosis (ALS) and similar eye diseases. The team is reportedly ready to supply the software for anyone to develop the ...
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News briefs
“Maximeyes” is the new claim of the Opti fair in...
“Maximeyes” is the new claim of the Opti fair in Munich, indicating that the growing event at the beginning of the calendar year is intent on further enhancing and optimizing the performance of the exhibitors and its trade visitors. The show is also sporting a fresh new logo for its ...
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Article
Vision requirements change for U.K. drivers
Britain's Driver and Vehicle Licensing Agency has adopted a visual acuity standard for drivers of cars and motorcycles after years of campaigning from the eye care industry. Drivers must have a visual acuity of 6/12 and be able to read the number plate test, and be able to pass the ...
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Article
Lost licenses cause job losses, lower sales at Safilo
Safilo plans to eliminate up to 1,000 jobs, representing nearly a third of its workforce in the northeastern part of Italy, justifying the move with the recent decision by Giorgio Armani's fashion house to transfer its licenses to Luxottica. Safilo holds the A/X Armani Exchange, Emporio Armani and Giorgio Armani ...
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News briefs
Carl Zeiss Vision has established special relations with two U.S....
Carl Zeiss Vision has established special relations with two U.S. buying groups, Vision West and C&E Vision. It will provide their affiliated opticians with competitive pricing and various services to help them build their practices. The independent groups will have access to Zeiss' full range of lenses, coatings, lab services ...
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News briefs
The Carl Zeiss Group reports that the restructuring of its...
The Carl Zeiss Group reports that the restructuring of its vision care business is making good progress. For the first half of its financial year, ended on March 31, Carl Zeiss Vision raised its sales marginally to €432 million from €429 million in the same period a year ago. Improvements ...
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News briefs
Parents, teachers and eye care professionals are going to be...
Parents, teachers and eye care professionals are going to be involved in a large research project studying thousands of 8- and 9-year-olds in northwestern China that is designed to show the impact of eye care and eyeglasses on kids' performance in school. It is a widely held belief in China ...
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Article
Hoya sees Thai capacity restored by September
Sales and profits declined markedly in Hoya Corporation's Life Care segment, which includes vision care products, during the fourth quarter of its financial year, ended on March 31. The segment's pre-tax profit margin fell to 9.8 percent in the period from 15.5 percent in the same quarter a year ago, ...
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Article
Marchon buys Dragon
The big licensee of Nike eyewear is significantly increasing its presence in the action sports market with its acquisition of Dragon Alliance, a well-known specialist in the category.Dragon designs and sells innovative sunglasses and goggles for motor sports and snow sports. It recently introduced an interesting frameless ski goggle ...
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News briefs
Next year's Optrafair, the British industry show organized by the...
Next year's Optrafair, the British industry show organized by the Federation of Manufacturing Opticians and held every other year in Birmingham, England, is already 60 percent booked. The space was taken by exhibitors from last year's show, who had first rights; the booking process is now open for anyone else ...
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Article
Coach, house brands and emerging markets lift Luxottica’s sales
Luxottica has increased its forecast of global revenues from the Coach license to $60 million this year from a previous estimate of $45-50 million thanks to a strong launch in North America. The group has just introduced the label in Asia, which is expected to represent 10-15 percent of sales ...
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News briefs
Bob Smith, the founder of Smith Optics who invented the...
Bob Smith, the founder of Smith Optics who invented the modern double-lens, anti-fogging ski goggle, died last month at the age of 78. A former orthodontist, he developed the goggle in the 1960s because as an avid skier, he was constantly frustrated with fogged-up goggles. He founded the company in ...
