All Eyewear Intelligence articles in Volume 18, Issue 14-15
View all stories from this issue.
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Article
Mixed results for Valeant
Valeant Pharmaceuticals, the parent company of Bausch + Lomb, saw revenues for the third quarter decline by 10 percent from the same quarter in 2016, down to $2,200 million. However, it said that its Bausch + Lomb and International segment achieved a healthy performance, with strong 6 percent organic revenue ...
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Article
The U.S. optical market just inches up
The U.S. total vision care industry grew by 0.2 percent in the 12 months from June 2016 to June 2017 as compared to the same period a year earlier, and reached $40.17 in revenues, according to the latest numbers from The Vision Council's VisionWatch survey, reported by Vision Monday.Eyeglasses represented ...
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Article
Hoya partners with Orgreen for Yuniku
Hoya Vision Care announced a new collaboration with Orgreen, an eyewear producer from Denmark, for its integrated offer of spectacles and lenses, called Yuniku and launched at the Silmo trade show in Paris a year ago.From this December, Orgreen by Yuniku will be available for all opticians that have installed a ...
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Article
The Luxottica-Essilor merger may not happen this year
The European Commission suspended for a few days its anti-trust investigation into the planned €46 billion merger of Luxottica and Essilor as the companies had failed to provide requested information regarding the deal. It has resumed the investigation after obtaining the documentation, but it's now unlikely that it will be ...
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Article
Götti sets up a U.S. office
Götti is setting up its own sales subsidiary for the U.S. market this month, with an office and warehouse in New York. The subsidiary, Götti USA, will be run by Maria Schneider, a German manager from the financial sector who has lived in the U.S. for 25 years. Her husband, ...
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Article
Visottica partners with two Italian firms
Visottica Comotec, a global leader in the eyewear component sector, recently signed a strategic partnership with Ookii, an Italian company with more than 30 years of experience in micromechanics, and Matrix, the leading Italian producer of components made with mechanical injection molding (MIM) and micro-casting.The partnership is backed by the ...
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Article
Steady progress for Fielmann
The leading German optical retailer posted a sales increase of 3 percent on a same-store basis during the third quarter, although the weather was not so good. The higher revenues were largely attributed to a better product mix, which had also a favorable impact on margins, offsetting foreign exchange losses ...
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Article
Silmo Istanbul will offer extended floor space
The fifth edition of the International Silmo Istanbul Optical Fair will take place from Nov. 30 to Dec. 3. The organizers of the event said the trade show will offer 1,500 square meters of additional floor space, an extension which is likely to attract an increasing number of professionals. Since ...
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Article
Opti looks to the future shopping experience
Next year, when it will be celebrating its 20th anniversary, the international German trade show in Munich will not be looking to the past, but to the future. The 0pti 2018 exhibition, scheduled for Jan. 12-14, will feature a new “Futureshop” where opticians will be able to experience technological innovations ...
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Article
A little pause in the European market’s growth
The European market for ophthalmic optic products declined by 0.3 percent in the first half of this year based on the data collected by GfK at the point of sale for the four major markets in the continent. Retail sales declined the most in France, where they were down by ...
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Article
Good eyeglass lens sales for Hoya, except in Europe
In commenting on its results for its second financial quarter, ended on Sept. 30, the management of Hoya Corp. said that the recent changes in the French medical insurance system drove the group's business in eyeglass lenses to record lower earnings in Europe.Conversely, Hoya's sales of eyeglass lenses in the ...
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Article
Essilor’s momentum improves
The results published by Essilor International for the third quarter indicate that its sales have been gathering momentum, particularly in the lenses and optical instruments division and in sunglasses and readers. Segment sales grew by 3.1 percent and by 0.2 percent on an organic basis during the quarter in these ...
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News briefs
Theo launched a new limited edition of sunglasses that was...
Theo launched a new limited edition of sunglasses that was developed in collaboration with Wujic Jo, a designer from South Korea, at the Silmo show in Paris last month. The collection consists of three different styles, limited to 80 frames per style and priced at €525 for retailers. The frames ...
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Short stops
Optician Online reports that West Midland Optical, distributor of Invu...
Optician Online reports that West Midland Optical, distributor of Invu Eyewear in Ireland, has also taken over the distribution of the Swiss brand in the U.K.
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Article
New synergies in the Design Eyewear Group
Denmark's Design Eyewear Group, which bought the assets of Kilsgaard Eyewear last February, has decided to add this Danish brand to the sales network of Face a Face, another brand of the same group, for almost all markets. The Design Eyewear Group's own sales team will handle Kilsgaard in the ...
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News briefs
The Zeiss Sunlens Original Collection is a new range of...
The Zeiss Sunlens Original Collection is a new range of sun lenses that the sun division of the Zeiss, which is based in the Italian city of Varese, is offering to sunglass manufacturers. It's a vintage line inspired by the tradition of American Optical, a brand that Zeiss acquired ...
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Article
Impairment charge hits GrandVision's results
GrandVision posted revenues for the third quarter of the year that were up by 3.3 percent from the year-ago quarter, or by 5.3 percent at constant exchange rates. On a comparable store basis, they gained 3.1 percent as a result of continued growth in the Other Europe and Americas & ...
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News briefs
National Vision, one of the largest optical retailing chains in...
National Vision, one of the largest optical retailing chains in the U.S., has started trading on the Nasdaq exchange, offering 15.8 million shares at $22 per share. The Kohlberg Kravis Roberts (KKR) private equity group will see its share in the company reduced from 75 percent to about 58 to ...
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News briefs
Nau!, the Italian chain of franchised optical stores that has...
Nau!, the Italian chain of franchised optical stores that has been opening outlets overseas for some time, is entering the Chinese market with a corner in Globe Harbori, one of the largest shopping centers in Shanghai. Nau! already has three stores in Spain, three in India, one in Miami and ...
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News briefs
In September Carl Zeiss Vision opened its first Zeiss Vision...
In September Carl Zeiss Vision opened its first Zeiss Vision Center in France. It did so in partnership with an optician, Hugo Optic, according to Acuité. The Zeiss Vision Center is a retail concept developed by the German lens company that includes specific Zeiss-branded store design, state-of-the-art dispensing tools and ...
