All Eyewear Intelligence articles in Volume 19, Issue 4-5 – Page 2
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News briefs
Eyemart Express appointed Michael J. Bender as chief executive and...
Eyemart Express appointed Michael J. Bender as chief executive and president, effective Jan. 1. Doug Barnes, the former chief executive, now serves as the company's chairman. Bender has more than 30 years of experience and a comprehensive background in manufacturing, retail and healthcare. Most recently, he served as chief operating ...
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News briefs
The Queen Elizabeth Diamond Jubilee Trust (the Trust) has announced...
The Queen Elizabeth Diamond Jubilee Trust (the Trust) has announced it has begun working on a multi-stakeholder initiative to lay the foundations for a new $1 billion Vision Catalyst Fund. For this initiative, which will be developed ove r the next two ...
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News briefs
Anfao, the Italian eyewear industry association, has been screening the...
Anfao, the Italian eyewear industry association, has been screening the U.S. market with the help of Ice, the Italian export promotion agency, in view of new development opportunities. Last year, the agency helped Anfao to organize collective exhibitions for small and medium-sized member companies for their expansion in other parts ...
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Article
L’Amy America boosts its operations
L'Amy America announced several new appointments and internal promotions ahead of the International Vision Expo East fair in New York. They should help keep up the momentum for the U.S.-based company, whose global sales are expected to grow at a double-digit rate this year, reaching a level of more than ...
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Short stops
Altair Eyewear, a division of Marchon, announced a multi-year renewal...
Altair Eyewear, a division of Marchon, announced a multi-year renewal of its global eyewear license for bebe, the Californian brand of women's apparel and accessories
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News briefs
Alcon, a division of Novartis, has announced that it will...
Alcon, a division of Novartis, has announced that it will continue to support Think About Your Eyes for the fourth year with an additional $2 million donation in 2018. Think About Your Eyes is a nation-wide awareness initiative in the U.S. that aims to educate the public on the benefits ...
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News briefs
After twenty years of service with the Japanese eyewear manufacturer,...
After twenty years of service with the Japanese eyewear manufacturer, Louise Brunton has retired from her position of general manager of Charmant's U.K. subsidiary. The Japanese manufacturer also announced the appointment of Chris Beal in the position of vice president of sales and marketing for U.K. and Ireland, as of ...
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News briefs
Ahead of the publication of Afflelou's official results in just...
Ahead of the publication of Afflelou's official results in just a few weeks, Didier Pascual, the recently appointed CEO announced in an interview with the French website Acuité that the group outperformed in France with a 1.5 per cent growth on a comparable basis, in a slightly declining market. Pascual ...
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Article
Luxottica is bullish on profits but cautious about its sales
The group announced an increase of 11.3 percent in its net income to a record level of €1,038 million for the past year, benefiting from a boost of about €50 million from the Italian tax relief scheme on intellectual property known as “Patent Box.” The adjusted net profit grew by ...
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Article
De Rigo sales increase by 5.5%
De Rigo posted sales of €429.5 million in 2017, up by 3.8 percent in euros and by 5.5 percent in local currencies. Wholesale revenues increased by 8.1 percent at constant currency rates to €254.1 million, lifted by the acquisition in 2016 of Rem Eyewear and higher sales of licensed brands ...
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Article
Cooper’s future CEO eyes a 32% Ebit margin
CooperVision's revenues increased by 14 percent to $444.8 million in the first quarter of its financial year, ended Jan. 31. On a comparable pro forma basis, excluding foreign currency gains and the acquisition of Paragon in December, its sales grew by 7.6 percent, with increases of about 9 percent in ...
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Article
GrandVision’s sales reach €3.5bn
GrandVision has confirmed its preliminary sales figures published last month, with full-year sales rising by 5.6 percent in 2017 to €3,450 million, or by 3.5 percent on an organic basis. On a comparable store basis, they were up by 1.8 percent, or by 2.3 percent when adjusted for the effect ...
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News briefs
Italy's Vision Group had 274 directly integrated Vision Ottica stores...
Italy's Vision Group had 274 directly integrated Vision Ottica stores at the end of 2017, or 14 more than a year earlier. Adding other operations including those of the Occhibelli group, which was acquired in 2016, the number of affiliated stores rose by about 500 to 2,100 points of sale, ...
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Article
Safilo books a €251.6 million loss in 2017 following €192 million impairment
The change at the helm of Safilo (see Eyewear Intelligence Vol. 19 n. 2+3) has prompted a clean-up of the group's balance sheet, pushing its bottom line further into the red. The company booked a non-cash goodwill impairment charge of €192.0 million on its 2017 accounts as well as one-off ...
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News briefs
Essilor has announced that it will invest a further €19...
Essilor has announced that it will invest a further €19 million as part of its efforts to eradicate poor vision in one generation, in line with Essilor's core mission of improving lives by improving sight. The investment follows on from a one-off dividend tax refund from the French tax authorities, ...
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News briefs
Mazzucchelli 1849 posted revenues of €78 million in 2017, down...
Mazzucchelli 1849 posted revenues of €78 million in 2017, down by more than 4 percent year on year, and the company is now expecting flat results in 2018. In addition to its Italian facilities, Mazzucchelli has three plants in China to service the growing demand from the local market, where ...
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Article
MPG passes the €100 million sales mark
The Michael Pachleitner Group (MPG), the Austrian-based lens and eyewear company, has announced annual revenues of €114 million for 2017, a 16 percent increase as compared to 2016, when it had already bounced to €98 million from €86 million in the previous year.All product categories contributed to last year's growth ...
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Article
Bolon is in 1,500 doors in Europe
Using for the most part Essilor's own big sales network, Bolon, the medium-priced Chinese brand of optical frames and eyewear partly owned by the French group, is now available in 1,500 points of sale all over Europe since its launch in the region less than two years ago. It has ...
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Article
The Continental European market grew by 0.2% in 2017
The optical retail markets in France, Germany, Italy and Spain rose by 0.2 percent in value at sell-out prices in 2017 to €17.6 billion, according to GfK's latest retail survey, driven by the German market, which rose by 3.2 percent.Germany was the second-largest market in the panel of four countries, ...
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