All Eyewear Intelligence articles in Volume 21 No. 11-12
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PDF NewsletterEyewear Intelligence Newsletter: Vol 21 - 11+12
Safilo downgraded to B3 by Moody’s | EssiLux glimpses recovery | Marcolin names Fabrizio Curci CEO | Italy’s eyewear exports down 25% in 2020 | The French maintain purchase intentions | Italy considering a €50 eyewear voucher | Covid-19 keeps Silmo on its toes | Rodenstock completes capital increase | Bollé uses AR to test sunglass lenses | Luxottica to open 250 shop-in-shops | Mister Spex expands its German retail | CooperVision names country manager for U.K., Ireland
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ArticleHow are retailers managing excess stock in Covid-19 times?
Managing stock has always been a tricky part of any business. But it becomes even more so when demand evaporates overnight as occurred with the outbreak of the Covid-19 pandemic and the subsequent lockdowns worldwide, prompting manufacturers and retailers to be nimble and explore various different solutions.
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News briefs
Marcolin renews license agreement with Moncler
Marcolin has renewed its worldwide license agreement with Moncler, an Italian brand of down-filled jackets for five years to Dec. 31, 2025. Marcolin had obtained the license in 2015, replacing Allison. At the time, Marcolin and Moncler had agreed to a five-year license with an option for a five-year renewal. ...
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News briefs
Komono opens new flagship store in Antwerp, launches in-house optical service
Large mirrors, clear lines, natural-light filled spaces, shimmering displays and a reduced palette of translucent and opalescent materials: Belgian fashion eyewear and watch company Komono opened last month its new flagship store in Antwerp, the latest in a series of shops in major cities including Brussels, Amsterdam, Madrid and Tokyo. ...
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News briefs
Kering Eyewear takes over Dunhill license
Kering Eyewear is taking over the Dunhill license from De Rigo and reinforcing its partnership with the Swiss luxury goods group Richemont, which owns the brand and is a minority shareholder in Kering Eyewear. The Italian company recently announced that it had obtained the Chloé license, which is also owned ...
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OpinionAmazon and other marketplaces may be in for a reckoning over illegal sales
Why the sale of illegal products through online platforms could become a problem for Amazon and other marketplaces – and why the widespread circumvention of EU competition law may soon be over
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News briefsCooperVision names Doug Bairner country manager for U.K., Ireland
CooperVision, a division of CooperCompanies that produces soft contact lenses, has appointed Doug Bairner as country manager for the U.K. and Ireland, replacing Debbie Olive who has been promoted to senior vice president for Europe. The U.K. is CooperVision’s third largest market globally. According to his LinkedIn account, Bairner ...
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ArticleCovid-19 spurs rent renegotiations, partnerships
Retailers from Europe to the U.S. have sought rent relief as they reel from Covid-19 shutdowns and reopen stores faced with higher costs to meet health and safety requirements and uncertain sales prospects. Although some landlords have taken a hard line, many are trying to help keep retail tenants afloat ...
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News briefs
Novacel joins AsnaV
Novacel, the lens laboratory that was Covid-19 certified last month, has recently become a member of the French Association pour l’Amélioration de la Vue (AsnaV), joining Essilor France, BBGR and Transitions in the lens makers’ member group. Founded in 1954, AsnaV is a non-profit organization that brings the French eyewear ...
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News briefs
LVMH saw ‘rather vigorous’ signs of recovery in June
The French luxury goods group LVMH says that it does not have a timeframe for when its business will return to normal but it noted “rather vigorous” signs of recovery in June. Speaking at the group’s annual general meeting, its chairman and chief executive Bernard Arnault warns that second-quarter results ...
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News briefs
Kering to create testing laboratory in Tuscany
The French fashion group Kering is setting up a Test & Innovation Laboratory (TIL) in Prato, Tuscany. It will provide chemical and other tests on products and raw materials for apparel, leathergoods, footwear, eyewear, watches and jewelry. It is scheduled to start operating in the first half of 2021. TIL ...
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News briefs
Mister Spex expands German retail network to 31 stores
The German optician and eyewear retailer Mister Spex is expanding its domestic store network to 31 units with new openings in Bielefeld on June 10, Heidelberg on June 18 and Saarbrücken and Lübeck on June 25 and July 2 respectively. With the Bielefeld store, the company further consolidates its presence ...
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News briefs
Julbo launches new B2B platform
Julbo Eyewear is launching a new B2B platform. As reported by sport-guide.com, the new platform enables faster deliveries with cheaper delivery charges. All Julbo and Solar products are available via the platform. The project has been developed internally, with the help of an external consultant, in about four months.
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News briefs
Bollé uses AR to test sunglass lenses
Bollé, the French manufacturer of sports and lifestyle sunglasses, ski goggles and ski and bike helmets, is offering its customers for the first time an augmented reality (AR) tool for smartphones to try on and test its lenses and sunglasses.Developed in partnership with QReal and M7 Innovations, Bollé’s AR experience ...
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News briefs
GrandVision obtains extra funding, covenant relief for 2020
GrandVision has obtained an additional liquidity facility of €400 million as well as an amendment to its existing €1,200 million revolving credit facility (RCF), running to 2024, providing covenant relief for 2020. The additional liquidity facility is provided by five banks and will be available in the event the RCF ...
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ArticleOne thing is growing faster than online fashion sales: digital CMR
The Covid-19 pandemic has truly changed the rules of the fashion retail game, accelerating some trends that were already developing and leading to completely new scenarios that are testing the strengths of even the strongest brands. Digitilization is a major force in this scenario, but it is not growing fastest ...
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ArticleEssilorLuxottica sees first signs of recovery
EssilorLuxottica is seeing the “first signs of recovery” as lockdowns introduced worldwide to slow down the spread of the Covid-19 pandemic are lifted. In a prepared message delivered to shareholders at the company’s annual general meeting, the executive chairman Leonardo Del Vecchio and executive vice-chairman Hubert Sagnières indicate that the ...
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Article
DaTE trade show plans to go ahead in September
The small Italian trade show DaTE, which in the past few years has been held in the second half of September in Florence, confirmed its intention to hold this year’s edition despite the Covid-19 health crisis. Mido, which is DaTE’s partner, is currently working on the event, but the decision ...
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Article
Italian components group Margot looks to grow
Margot, an Italian group that makes metallic components for luxury leather goods, shoes and eyewear that is controlled by the private equity Mandarin Capital Partners, is looking to expand with an acquisition in the third or fourth quarter of this year, says Andrea Tuccio, a partner with Mandarin. The aim ...
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News briefs
Luxottica to open 250 Sunglass Huts shop-in-shops in Hudson stores
Luxottica, the Italian frame manufacturing unit of the EssilorLuxottica group, will open 250 Sunglass Hut shop-in-shops in Hudson stores and localized convenience concepts across North America. The decision comes after a successful pilot at Richmond International Airport earlier this year. Hudson plans to open nine additional shop-in-shops by August, with ...
