All Eyewear Intelligence articles in Volume 19, Issue 16-17
View all stories from this issue.
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Article
OBE splits into two units
From the beginning of 2019, OBE Ohnmacht & Baumgaertner GmbH & Co. KG, the German producer of precision mechanical metal parts for eyewear and other industries, will change its name to OBE Holding GmbH and create a new structure for its activities. Founded in 1904, the family-owned group currently has ...
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Article
New owners for OptoTech
The Schunk Group has acquired a 51 percent controlling stake in OptoTech, the big German-based developer and supplier of advanced free-form lens generators, polishers and other optical manufacturing machinery and related consumables. Its financial support is expected to help it to compete better with suppliers of similar size like Satisloh, ...
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Article
Luxottica is losing market share in mineral-fitted sunglasses
Last year, sunglasses mounted with mineral lenses totaled about 17 percent of the European sunglass market in the wholesale segment in terms of value. In Italy, their market share was some 28 percent, up from about 25 percent in 2015.Luxottica controlled about 85 percent of the European and Italian markets ...
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Article
Safilo signs a license with Missoni
Safilo has signed two five-year global licensing agreements for the Missoni and M Missoni brands, renewable at the same conditions up to 2029. Safilo had been Missoni's first eyewear licensee in the ‘80s.The two licenses are currently held by Allison Volta Mantovana 1959 (AVM 1959), which obtained the Missoni license ...
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News briefs
Marchon and Nike are partnering for the launch of Kevin...
Marchon and Nike are partnering for the launch of Kevin Durant's new KD Eyewear collection. Durant plays for the Golden State Warriors of the National Basketball Association (NBA). Marchon has a long-standing licensing agreement with Nike for the exclusive design, production and worldwide distribution of Nike optical and sunglass collections. ...
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Article
Menrad invests in Mondottica
Menrad has acquired a substantial minority share in Mondottica International, the rapidly expanding eyewear group run by Michael Jardine. The two companies have already been working together for nearly four years on the German market. The idea is to expand the cooperation to other markets where Menrad has a stronger ...
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Article
Maui Jim inspired the regulator for remedies
On Nov. 19, Luxottica informed the AGCM that it had reached an agreement with Maui Jim regarding its relationship with Barberini. The two parties have a supply agreement expiring in January 2019.The supply deal was renewed for five years, with the possibility for Maui Jim to renew it again twice ...
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Article
Gearing up to trim the workforce
Safilo expects a 78.0-87.5 percent of the Ebitda improvement, representing 3.5-3.9 percentage points of Ebitda margin, will stem from a streamlining of the cost base thanks to job cuts and improvements in the supply chain. The reduction in overheads should total €30 million by end 2020.In the first half of ...
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Article
Luxottica would have gained from stopping sales to third parties
The cost of producing mineral plano lenses can vary from €1 to €5 for a plain model, and from €15 to 20 for a polarized model with anti-reflective or other treatments, while lenses using rare earths, produced exclusively for Maui Jim by Barberini, can reach €25 to €30, according to ...
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Article
New figures from Germany
According to new figures provided by GfK, the German optical retail market increased by 1 percent in the first eight months of this year, as compared to the same period of the previous year. The increase was mainly due to positive results by the bigger eyewear retailers. From January to ...
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Article
Fielmann invests in Fittingbox
Fielmann is going more digital under the new leadership of Marc Fielmann, son of the founder of the leading German eyewear retailer, introducing an element of augmented reality into its service offer. The largest German optical retailer, which is also very strong in Austria and Switzerland, has gone so far ...
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News briefs
Kering Eyewear has launched a new international website, which features...
Kering Eyewear has launched a new international website, which features among other things a store locator. Besides informing customers about new styles and marketing campaigns, it has a “Join Us” section where people can find out about career opportunities at the company.
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Article
Spectaris’ Trend Forum offered insight into digitization
Spectaris, the German optical industry association, invited almost 600 industry professionals to its annual Trend Forum, held in Berlin on Nov. 5. This year's Trend Forum featured lectures and tutorials covering the changes in digitalization that are affecting people and markets, particularly in the ophthalmic optics industry.Christopher Keese, chief executive ...
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News briefs
Essilor Sun Solution, the division of Essilor Group dedicated to...
Essilor Sun Solution, the division of Essilor Group dedicated to plano sun lenses, supported Megan Yeungduring their participation in the TransJeju 50 Trail, a demanding race through the Hallasan National Park, in the Korean island of Jeju, on Oct. 20-21, 2018. The race is a 56km course with a cumulative ...
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News briefs
Hoya Lens France has had a new president since Dec....
Hoya Lens France has had a new president since Dec. 1. Jean-Michel Lambert is taking over the responsibility from Patrice Pineau after spending more than 20 years in marketing and sales functions with international groups. He worked for Nestlé for nearly eight years. He then joined Johnson & Johnson in ...
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News briefs
Fleye, the Danish eyewear manufacturer, has won the German Design...
Fleye, the Danish eyewear manufacturer, has won the German Design Award for excellent product design in the lifestyle and fashion category. The German Design Awards are held by the German Design Council, the authoritative German body for branding and design. Fleye Copenhagen's “Fox” eyewear frame, one of more than 5,400 products presented to ...
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News briefs
Safilo has inaugurated a nickel-free production line with a daily...
Safilo has inaugurated a nickel-free production line with a daily capacity of 20,000 units. The line is part of a €5 million investment package, spread over two years, of its Longarone manufacturing site in Northern Italy that specializes in metal frames. Other investments include a water treatment system. The ...
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Article
Russia’s Happy Look cuts margins
Russia's biggest eyewear retailer, Happy Look, sees its net profit shrinking in 2018. Viktor Gordeychuyk, the company's founder told a local news agency, Tospb, that the main reason is that the company has reduced its margins to achieve better customer retention.The net profit has been seen falling despite the gradual ...
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News briefs
Ennio De Rigo, who founded the current De Rigo Vision...
Ennio De Rigo, who founded the current De Rigo Vision together with his brother Walter, 40 years ago and is now its chairman, last month received the top award for entrepreneurship from Sergio Mattarella, president of Italy. He was made “Cavaliere del Lavoro” in recognition of his hard work in ...
