All Eyewear Intelligence articles in Volume 19, Issue 10-11
View all stories from this issue.
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Article
Steady growth for Specsavers
The international British-based optical retail chain reported annual revenues of £2,614 million (€2,935.4m-$3,429.0m) for its financial year ended in February, a 7 percent increase in constant currencies as compared to the previous year, when it had grown by 6.6 percent. In reported terms, Specsavers' global revenues grew by 15 percent, ...
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News briefs
Sun Hing Vision Group, an OEM manufacturer listed on the...
Sun Hing Vision Group, an OEM manufacturer listed on the Hong Kong stock exchange, reported a 6.2 percent decrease in overall revenues to 1,002 million Hong Kong dollars (€109.1m-$127.7m) for its financial year ended on March 31. Profitability fell more sharply with a 9.7 drop in net profit to HK$ ...
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News briefs
In a preliminary report, Fielmann says its unit sales increased...
In a preliminary report, Fielmann says its unit sales increased by one percent in the first half of this year to 4.05 million pairs of glasses, with gains in market shares for prescription frames as well as for contact lenses and hearing aids. External sales also grew by about one ...
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Article
Silmo Paris unveils some of the next show’s features
The organizers of Silmo Paris announced that the number of exhibitors for the next edition of the show will exceed 1,000 as 108 new companies have confirmed their participation so far, including more than twenty start-ups. De Rigo, the Italian eyewear group, and Menicon, the Japanese contact lens company are ...
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Article
New lens factory pledged for St. Petersburg
Unnamed Japanese investors plan to open a new lens manufacturing factory in St. Petersburg, in a joint venture with local companies, according to a Russian news agency, SPB Vedomosti, which cites sources in the Russian eyewear industry.The investment in the equipment required for the project is estimated at €10 million. ...
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Article
Essilor posts generally positive results
While announcing the approval of its combination with Luxottica by China's anti-trust authorities, which has removed the last hurdle for the creation of a new industry giant (see separate article in this issue), Essilor reported partially positive results for the first six months of this year, defining them as “healthy” ...
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News briefs
Kering Eyewear has entered into a new partnership with Montblanc...
Kering Eyewear has entered into a new partnership with Montblanc for the development, production and worldwide distribution of Montblanc sunglasses and optical frames. The new deal follows Montblanc's decision not to renew its 17-year partnership with Marcolin, which will come to an end in January 2019. The Montblanc Eyewear spring/summer ...
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News briefs
As a first step in its divestiture plan, earlier this...
As a first step in its divestiture plan, earlier this month Vista Outdoor sold its Bollé, Cébé and Serengeti brands of sunglasses to Antelope Brands Bidco, an entity affiliated with an American private equity fund, A&M Capital Partners, which recently opened a branch in London. The transaction was closed for ...
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News briefs
For more information, an initial discussion and / or meeting...
For more information, an initial discussion and / or meeting please contact Scott Lewis (in Australia) at s.lewis@leisurecollective.com.au.
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News briefs
De Rigo Vision will launch a line of sunglasses and...
De Rigo Vision will launch a line of sunglasses and optical frames under the Mulberry brand name in the spring of 2019. The licensing deal is part of a program to turn this British label of leathergoods, run by Thierry Andretta, into a global luxury brand. For this purpose, Mulberry ...
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News briefs
DaTE, the designer eyewear show in Florence, is gearing up...
DaTE, the designer eyewear show in Florence, is gearing up for a more exclusive edition in Florence on Sept. 22-24. The number of exhibitors will remain about the same as before, but it will include two new areas: Timeless and Spring. According to the organizers, the Timeless area is designed ...
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Article
The Essilor-Luxottica merger is set to close in September
Essilor and Luxottica are expecting to close their merger agreement by the end of the third quarter now that the deal has been blessed by the Chinese government, after a long wait. The teams of the two companies have already started to work together to prepare the reorganization of the ...
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Article
Luxottica cleans up the distribution in Europe
Luxottica expects an acceleration in its organic sales growth to about 4 percent in the second half of this year, but the company nevertheless trimmed its top line guidance after a flattish first half.The group had previously projected that its sales would grow by between 2 and 4 percent this ...
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News briefs
Chanel has launched an online store for its eyewear in...
Chanel has launched an online store for its eyewear in the U.K., coinciding the re-opening of a four-year-old store at Burlington Arcade in London that has been renovated to function as a dedicated boutique for the brand's eyewear, fragrances and cosmetics. Customers can reserve a pair of glasses and collect ...
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News briefs
Foto Ottica Carminati, an optical retail store in the village...
Foto Ottica Carminati, an optical retail store in the village of Calusco d'Adda near Bergamo, is the first Italian retailer to have ordered and installed the EzFit lens edger developed by MEI. Customers have responded favorably to the fact that the equipment is on display in the store.
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News briefs
Christian Müller, the current chief financial officer of Carl Zeiss...
Christian Müller, the current chief financial officer of Carl Zeiss Meditec, will become the new CFO of the whole Carl Zeiss group from Oct. 1, succeeding Thomas Spitzenpfeil, who is leaving as previously announced. Justus Felix Whemer will replace Müller at Carl Zeiss Meditec, switching over from the Microscopy business ...
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Article
Double-digit growth for J&J’s Vision Care
Johnson & Johnson's Vision Care division saw revenues jump by 11.2 percent to $1,173 million in the second quarter. The management said the division delivered strong results in both the contact lens and surgical businesses across key geographies, with operational growth of 9.6 percent.Sales of contact lenses rose by 11.1 ...
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News briefs
Sherpa Capital, the private investment fund that took over Indo...
Sherpa Capital, the private investment fund that took over Indo in 2016, has sold a majority stake in the Spanish lens manufacturer to another fund, Ergon Capital Partners. Based in Brussels with offices in France, Italy, Germany and Spain, Ergon describes itself as a mid-market private equity investment company managing ...
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News briefs
would like to hear from capable and interested sales partners....
would like to hear from capable and interested sales partners.
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News briefs
Mister Spex opened its tenth brick-and-mortar store in Münster, Germany....
Mister Spex opened its tenth brick-and-mortar store in Münster, Germany. The German online retailer had already opened two new physical stores near Frankfurt and in Erfurt in April, followed by one in Essen in May, and Mister Spex had already opened a new brick-and-mortar store in Essen. Mister Spex opened its ...
