All Eyewear Intelligence articles in Volume 18, Issue 4-5
View all stories from this issue.
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Article
Spy Optics returns to profitability
Spy Optics made a spectacular comeback in 2016, posting record net income after years of losses. Its net earnings for the year were its highest since 2004, reaching $804,000. They mark a stark contrast with 2014 and 2013, when the company incurred net losses of $1.9 million and $2.9 million, ...
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News briefs
The organizers of the Mido trade show have reported a...
The organizers of the Mido trade show have reported a 5.5 percent increase in the total number of visitors to the show in Milan on Feb. 24-26, building on the record already achieved last year. While their definition of a visitor is not the same as that of other show ...
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Article
Luxottica has started its own lens lab
Like Rodenstock or, more recently Silhouette, Luxottica has started offering complete packages of lenses and frames. Irrespective of its agreement to merge with Essilor International, it has started producing ophthalmic lenses at a new facility at Sedico, close to its logistic hub and not far from its main factory for ...
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News briefs
Nau! is taking off! The optical franchise stores of the...
Nau! is taking off! The optical franchise stores of the Italian retail group are proving a success. Established 12 years ago by Fabrizio Brogi, the company closed 2016 with turnover up to €30 million and 109 franchises, plus a dozen more directly managed stores. The target is to expand the ...
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Short stops
Pursuing its investments in sport in general and football in...
Pursuing its investments in sport in general and football in particular, Alain Afflelou has signed a partnership with the Belgian federation of football and its national team until the 2018 Fifa World Cup in Russia
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Article
Vision Group soon to be floated in Milan
Vision Group, an Italian buying group with 1,700 retail members that operate more than 2,100 optical stores, has been accepted on the Elite program of the Milan stock exchange, and is likely to be floated by the end of the year.The group generated revenues €70 million in 2016, with a ...
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Article
Krys gains market share in a flat market
According to I+C, a research company quoted by the Krys Group in its latest presentation of its results, the French optical market declined by 0.5 percent in 2016 on a comparable basis. Nevertheless, the French voluntary group claimed that it reinforced its leadership by raising its total market share by ...
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Article
Fedon increases margins, grows at retail
With revenues relatively stable at $71.6 million - up 0.33 percent - Fedon closed 2016 with higher margins. Ebitda amounted to €5.1 million, up by 19.3 percent, while Ebit grew by 30.2 percent to €3.2 million. Net profits also grew, by 8.4 percent, to €1.6 million, giving it a slightly ...
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Article
Philipp Plein launches eyewear
Named after a Munich-based designer who is now only 39 years old, Philipp Plein is a fast-growing consumer brand that is meant to appeal mainly to status seekers, particularly in emerging markets like Russia and China where it is said to be particularly well-known. The brand is part of a ...
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Short stops
The Kenmark Group has renamed itself as Kenmark Eyewear as...
The Kenmark Group has renamed itself as Kenmark Eyewear as part of a more comprehensive rebranding process that will continue in the course of the year
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News briefs
Sun Hing Optical, an eyewear manufacturer listed on the Hong...
Sun Hing Optical, an eyewear manufacturer listed on the Hong Kong stock exchange, has signed a global licence with the French fashion brand Agnès B. to develop, produce and sell sunglasses and optical frames. The licence, previously held by Seiko, is the second global licence for Sun Hing Optical after ...
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News briefs
Philippe Lafont, president of Lafont and of the Silmo eyewear...
Philippe Lafont, president of Lafont and of the Silmo eyewear show, died earlier this month at the age of 70. An optician's son, he took over the family shop and then launched the Lafont brand of glasses in 1979. Together with his wife Laurence, who passed away in 2008, he ...
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Short stops
Keith Kamalich, a former executive of Tura who was most...
Keith Kamalich, a former executive of Tura who was most recently vice president of sales at De Rigo Rem in the U.S., has joined Mondottica USA as vice president, assisting the executive team and reporting to Phil Yurnage, president of Mondottica USA
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Article
Safilo sets up a global network of exclusive partners
Building on her past experience at Procter & Gamble, Safilo's chief executive, Luisa Delgado, has set up a “Global Partner Network” of 54 selected distributors, covering 75 countries around the world, with whom the company has negotiated special conditions that will benefit both parties. This “certified” group of loyal and ...
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Article
Safilo’s efficiency drive hits snags
Safilo warned that it will suffer a 15-20 percent decline in the sales of ongoing brands in the first quarter of this year due to delivery delays stemming from a longer-than-expected upgrade of its logistics center in Padua, near its head office in Italy. The group aims to recoup lost ...
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News briefs
Global demand for sunglasses and prescription frames is expected to...
Global demand for sunglasses and prescription frames is expected to rise by 19 percent to 1,170 million in 2021 from 984 million in 2016, according to a Euromonitor research report released by Luxottica. Sunglasses are forecast to rise to 483 million pairs in 2021 from 400 million in 2016 and ...
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News briefs
Instead of making its own corrective lenses as do Silhouette...
Instead of making its own corrective lenses as do Silhouette or Luxottica, Safilo has decided to launch a new “global optical project” to enhance its position in the area of prescription frames, placing it under the responsibility of Carole Binet. The project involves coordination of all the design, communication, branding ...
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News briefs
Optiswiss is the latest company to be offering a package...
Optiswiss is the latest company to be offering a package of lenses and frames. The Swiss-based independent lens laboratory has launched two ranges of acetate eyewear in an offer including lenses and frames. The first range, called Gseh, which comes from “to see” in Swiss dialect, is made with Mazzucchelli's ...
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News briefs
Dunelm Optical, the UK-based eyewear company, has partnered with Lyle...
Dunelm Optical, the UK-based eyewear company, has partnered with Lyle & Scott, the Scottish brand of golf-inspired apparel and footwear. The debut collection of 36 optical frames will be launched at the next Optrafair show in Birmingham on April 1 and be ready for delivery in June.
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Article
Interesting market trends in China, Russia, the U.S. and Japan
Russian consumers enjoy the cheapest selling prices for prescription frames, and even more for sunglasses. The Chinese are the biggest buyers of discounted optical products, which tend to carry the largest rebates. While Americans are the biggest buyers of optical glasses online, the Japanese stand out for a particular low ...
