All Eyewear Intelligence articles in Volume 20, Issue 15-16 – Page 4
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News briefs
Mister Spex has added two brick-and-mortar stores in Magdeburg and...
Mister Spex has added two brick-and-mortar stores in Magdeburg and Stuttgart. These follow the stores opened in Frankfurt and Hamburg in September and in Munich, Cologne and Hannover in November. The omni-channel eyewear retailer now operates 17 physical stores in Germany and has declared its intention to have 40 stores ...
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News briefs
Zeiss is acquiring the entirety of Saxonia Systems, a German...
Zeiss is acquiring the entirety of Saxonia Systems, a German developer of enterprise software, for a price the companies have agreed not to disclose. They expect the German Federal Cartel Office to approve the deal in February 2020. Zeiss has owned 25 percent of Saxonia since September 2018, and the ...
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Short stops
The French-based Luneau Technology group has acquired Next Sight, an...
The French-based Luneau Technology group has acquired Next Sight, an Italian company specializing in retinal screening and telehealth, to offer more comprehensive eye examinations
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Article
Worries about employment in Italy
On Nov. 15, the regional government of Veneto held the “estates general” of the local eyewear sector in the industrial cluster of Longarone, in the Belluno province of Italy, to discuss the challenges the sector is facing. The meeting was well attended, with the presence the heads of Safilo, Thélios, ...
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News briefs
The employees of Automation & Robotics (A&R) are going to...
The employees of Automation & Robotics (A&R) are going to be gradually buying out the Belgian company's founder, Christian Closset. The headquarters will remain in the city of Verviers, and no changes in personnel are planned. It will be “business as usual” for the North American staff, according to the ...
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Article
Safilo cuts 700 jobs in Italy
Safilo announced 700 job cuts at its Italian operations, to be completed next year as part of its efforts to downsize its manufacturing base with the forthcoming loss of three important LVMH-owned licenses: Dior, Fendi and Givenchy. The group claims that their eyewear is entirely made in-house.The three brands represent ...
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Article
Essilux places €5 billion in bonds, issues shares to more employees
EssilorLuxottica has placed €5 billion worth of medium to long-term bonds with very low interest rates, meeting strong demand from investors. The proceeds are meant to enable the group to finance the planned acquisition of GrandVision and to refinance its debt.The demand exceeded €13 billion, prompting the group to increase ...
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News briefs
Bausch Health posted a 3 percent increase in third-quarter sales...
Bausch Health posted a 3 percent increase in third-quarter sales to $2,209 million. Revenues rose by 4 percent both at constant currency rates and organically. Operating income increased to $329 million from $117 million a year earlier thanks to a decrease in amortization and impairments as well as higher sales ...
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Article
Everything ready for Opti 2020 in Munich
Next year's Opti show, to be held on Jan. 10-12 in Munich, will host over 600 exhibitors. It will once again occupy six halls, from C1 to C6, but visitors will for the first time be able to use the northwest and northeast entrances.Newcomers to the show include Brando Eyewear ...
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News briefs
In January 2020, Wagner + Kühner will initiate a new...
In January 2020, Wagner + Kühner will initiate a new sales concept, called “Sehlounge,” to bring German opticians together under a common banner. The cooperation will begin with 65 opticians that own and manage a total of 77 stores in Germany. Wagner + Kühner has 600 partnering opticians in Germany ...
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News briefs
The organizers of the Opti 2020 show in Munich invite...
The organizers of the Opti 2020 show in Munich invite eyewear and lifestyle bloggers from across Europe to Munich to report on the most exciting new products and news. They will be reporting live and around the clock from the halls of the trade show. A blogger spectacle award ceremony ...
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News briefs
Continuing a 25-year partnership that began in 1994, Esprit has...
Continuing a 25-year partnership that began in 1994, Esprit has once again renewed its licensing agreement with Charmant Group for the manufacture and distribution of its optical and sun eyewear. The Charmant group holds licenses for the Strellson and Elle brands as well.
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News briefs
Hawkers has opened its 16th store in Portugal, located in...
Hawkers has opened its 16th store in Portugal, located in Lisbon, as well as its eighth store in Madrid, a 60-square-meter shop in the Islazul shopping center. Both stores currently sell sunglasses under the company's own labels – Hawkers, Miss Hamptons, Northweek and Wolfnoir – and will soon be offering ...
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Article
Eyewear sales will be 12% online by 2023
The global consumption of prescription frames and sunglasses is expected to grow annually by 3-4 percent to reach €61 billion in 2023 as compared to €51 billion in 2018, with sales rising by 2 percent a year in developed countries and by 5 percent in emerging markets, according to data ...
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Article
Zeiss Vision Care’s sales at over €1 billion
The Zeiss Group said that its Consumer Markets segment, comprising the strategic Vision Care and Consumer Products business units, enjoyed above-market growth for the financial year ended on Sept. 30. It added that it outpaced the competition in all regions, especially in emerging markets, reaching for the first time a ...
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Article
A Revo sunglass fetches $1,650 in an auction
The first pair of a limited edition of Moonwalker Zero G sunglasses – serial number 001 – produced by Revo has been sold at an auction for $1,650. The auction ended at 3:58 p.m. (Eastern Standard Time) on Nov. 24: the to-the-minute 50th anniversary of Apollo 12's blast-off from the ...
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News briefs
Allergan's third-quarter revenues rose by 3.6 percent to $4,051 million....
Allergan's third-quarter revenues rose by 3.6 percent to $4,051 million. The group posted an operating loss of $596.6 million for the period compared with an operating profit of $257.7 million a year earlier. On an adjusted basis, it booked operating income of $1,760 million, down by 7.7 percent. Allergan increased ...
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