All Eyewear Intelligence articles in Volume 21 No. 13-14
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PDF NewsletterEyewear Intelligence Newsletter: Vol 21 - 13+14
Silmo Paris is cancelled but goes on tour | GrandVision starts arbitration proceedings against EssilorLuxottica | EssilorLuxottica cautiously optimistic after Q2 sales halved | Safilo signals moderate decline in Q3 sales despite July rebound | Inspecs takes over Norville’s manufacturing operations | Hoya’s lenses revenues down 42% in Q1 | Big drop in revenues drives Sun Hing in the red | Fielmann’s first-half sales drop to €611 million | JINS’ revenues down by 38 percent in Q3 | Cirillo Marcolin takes over presidency of Confindustria Moda | U.K. industry unites around 100% Optical after Optrafair cancellation | Vision Expo West cancelled due to Covid-19 uncertainty | The Russian eyewear market is recovering but the outlook remains bleak | Antares eyes distressed Italian fashion assets | Only a quarter of U.K. companies are ready for Brexit
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News briefs
Fielmann opens 28th store in Italy
Fielmann has opened its 28th store in Italy, and the second in Tuscany, in Livorno. The other Tuscan store was opened in Lucca last year. The 220 square-meter store is the first opening since the end of the coronavirus-related lockdown in Italy. The previous opening was in December in Milan. ...
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Article
Hoya’s lenses revenues down 42% in Q1
Hoya Corporation’s performance was again severely impacted by the Covid-19 pandemic in the first quarter ended on June 30, particularly for its life care segment. The group reported quarterly revenues of 61.9 billion yen (€496,6m-$585.3m) for the segment, down by 34 percent in absolute terms from ¥93.8 billion in the ...
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News briefs
Shopko Optical names Richard Chapman vice president of sales
Shopko Optical, the American optical retailer with 80 locations, has appointed Richard Chapman as vice president of sales. He has more than 20 years experience in retailing, including a more than two-year stint at the optical retailer Visionworks of America, where he worked from January 2016 to May 2018 as ...
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News briefs
Johnson & Johnson Q2 contact lens sales down by 34.1%
Johnson & Johnson’s sales of contact lenses fell by 34.1 percent year-on-year in the second quarter to reach $554 million. At constant currency rates, revenues fell by 33.3 percent as the sale of contact lenses were negatively impact the Covid-19 pandemic that resulting in fewer new wearers coming to the ...
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ArticleEssilorLuxottica cautiously optimistic after Q2 sales halved
EssilorLuxottica is cautiously optimistic about the remainder of the year and expects its “transition on the way towards normalization” to continue in the third quarter after second-quarter revenues were nearly halved amid Covid-19 lockdowns. Yet given uncertainty on the evolution of the pandemic, with local lockdowns already re-imposed in some ...
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News briefs
Thélios in license agreement with Stella McCartney
The Italian eyewear group Thélios has entered an exclusive, long-term partnership with the British designer Stella McCartney. Under the agreement, Stella McCartney will collaborate with Thélios on sustainable innovation in the eyewear category. Thélios will develop, manufacture and distribute Stella McCartney eyewear beginning with the spring/summer 2021 collection, which will ...
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News briefs
DaTE trade fair confirmed Sept. 19-21
The small Italian trade show DaTE will be held from Sept. 19 to 21 at the Stazione Leopolda venue in Florence. The organizers had previously indicated their intention to hold this year’s edition despite the Covid-19 health crisis. DaTE states that it will be the first post-pandemic opportunity for industry ...
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Article
Safilo signals moderate decline in Q3 sales despite July rebound
Safilo warned that it could suffer a moderate decline in sales in the third quarter, despite the rebound experienced in July and the contribution of its new acquisitions Privé Revaux and Blenders, that propped up sales in the first half. The company is also negotiating with creditor banks a “significant” ...
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News briefsKering Eyewear H1 sales down by 24.4%
Kering Eyewear posted revenues of €242.6 million in the first half, down by 24.4 percent as reported and 24.9 percent on a comparable basis. After a solid start to the year, revenue declined by 49.3 percent on a comparable basis in the second quarter, heavily impacted by store closures, notably ...
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News briefs
Smith announces major executive changes
Smith Optics, a Safilo brand, has appointed Francesco Rinaldi Ceroni as general manager. He joins the company after more than 13 years in both wholesale and retail eyewear, serving most recently as vice president of international strategy and business development at Costa Del Mar. In his new role, he will ...
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ArticleGrandVision starts arbitration proceedings against EssilorLuxottica
GrandVision has initiated arbitration proceedings against EssilorLuxottica’s claims that the Dutch retailer had breached its obligations under the co-called “Support Agreement” in managing its business during the Covid-19 pandemic. GrandVision reiterated that it strongly disagrees with EssilorLuxottica’s accusations. It added that it has initiated the arbitration to obtain confirmation that ...
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News briefs
Essilor partners with Tencent to publicize eyecare
Essilor has established a three-year partnership with Tencent of Shenzhen, China, to publicize corrective vision. According to Essilor’s press release, somewhat less than half of the people in China’s vast population have impaired vision and are largely unaware of both the problem and the solutions. In addition, says Essilor, the ...
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News briefsNau! opens 3 new locations
Nau!, the dynamic Italian optical retail chain, has opened two stores in Italy since the end of the coronavirus-related lockdown in the country. The two franchise stores are located in Prato and Catania. The retailer also opened a corner in Labtique, a center for fashion brands and designers located on ...
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News briefs
Revo finds distributors for Mexico, Colombia, Brazil
Revo, a New York-based producer of sunglasses and googles, has entered distribution partnerships that cover Mexico, Brazil and Colombia. Distribution in Mexico will be handled by SunDristrict, while Quanthus Distribuiçao will cover Brazil and Colombia. Revo’s main market is North America, followed by Europe. Its collection retails from $179 to ...
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News briefs
National Vision extends partnership with Walmart to 2024
National Vision has extended its management and services agreement (MSA) with Walmart by three years to Feb. 23, 2024. National Vision has had a 30-year optical partnership with the American retailer and currently operates 231 Vision Centers inside selected Walmart locations. As part of the agreement, the MSA will automatically ...
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News briefs
Otis signs American surfer as brand ambassador
Otis Eyewear’s latest brand ambassador is Eric Geiselman, the American surfer, skateboarder, fisherman and musician. Geiselman will be creating content for the Austrailian brand around his life as a traveling surfer and musician.
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ArticleSilmo Paris is cancelled but goes on tour
The organizers of Silmo Paris have announced the cancellation of the 2020 edition, scheduled for Oct. 2-5, following in the footsteps of Vision Expo West most recently and of all other major trade shows this year since February. The decision was jointly taken by the Silmo executive board and its ...
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News briefs
EU sees trade deal with U.K. as unlikely
Michel Barnier, the European Union’s chief negotiator for Brexit, said he views the possibility of reaching an agreement by the end of the year with the U.K. on the parties’ future trade relations as unlikely, following a new round of inconclusive talks in London. Barnier said there had been little ...
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ArticleEU suspends deadline for probe into Essilux’s takeover of GrandVision
The European Commission has suspended the deadline for the end of an in-depth investigation into EssilorLuxottica’s proposed €7.2 billion takeover of GrandVision, according to a filing on its website. The commission has repeatedly postponed the deadline. The last one being August 27. The proposed deal, referred to as case M.9569, ...
