All Eyewear Intelligence articles in Volume 21 No. 3-4 – Page 2
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News briefs
Bayfields acquires Charnley
Bayfields Opticians and Audiologists of the U.K. has acquired Charnley Opticians , located in the English town of Royal Leamington Spa, in its effort to expand its network from 19 stores to 40 by 2025.
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News briefs
Shamir enters agreement for InoTime
Shamir has entered an exclusive agreement to provide its InoTime technology at the end of December to Paris Miki , a leading Japanese optical retail chain with 709 domestic stores. The service will enable Paris Miki to provide custom optical lenses within 24 hours. Shamir already offers the InoTime service ...
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News briefs
Safilens reinforcing partnership with Oté Optics
Safilens , the Italian contact lens producer, is reinforcing its partnership with Oté Optics , the Dutch supplier of contact lens solutions. The companies’ research and development teams have been collaborating for 10 years, and the partnership will now expand to comprise manufacturing and sales. The companies will jointly develop ...
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News briefs
Safilo closes factory
Safilo will close its manufacturing site located in Martignacco, in the Italian region of Friuli Venezia Giulia, by the end of June, according to the website B2eyes . The company did not comment. The site employs 250 people.
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Article
German independents outperformed in Europe in 2019
Independent opticians performed particularly well in Germany in the past year. According to GfK, the German market enjoyed strong growth in Europe, rising by 5.5 percent to €5.8 billion at the retail level, compared with increases of 1.4 percent in France and 1.1 percent in Spain and a decrease of ...
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Article
Fielmann posts slightly higher profits for the year
Fielmann ’s performance for 2019 seems to have confirmed the positive momentum that it had already reported for the first half of the year. According to preliminary figures, its consolidated sales for the 2019 financial year show an increase of about 6 percent to €1.52 billion as compared to €1.43 ...
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Article
Higher sales and profits for Synsam
The Synsam Group reached a turnover of 3,741 million Swedish kronor (€350.7m-$387.4m) last year, up from SEK 3,380 million in 2018. The adjusted operating profit amounted to SEK 984 million (€92.3m-$101.9m) a big increase from SEK 643 million in the previous year. In addition to the opening of new ...
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Article
New financing round for the expansion of Mister Spex
Mister Spex , which claims to be Europe’s leading online optician, completed another round of financing for over €15 million this month. The equity financing round was led by the Co-Investor Group , a firm that invests in medium-sized companies and maintains offices in Zurich, Frankfurt and Berlin. The ...
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Article
Hoya reports a squeeze in segment sales and profits
The results of Hoya Corp. for the third quarter ended on Dec. 31 were negatively impacted by the expected increase in the sales tax in Japan, which had increased purchases in the previous quarter. In particular, sales of contact lenses and eyeglass lenses declined in the country, affecting also the ...
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Article
Inspecs plans acquisitions after its recent IPO
Inspecs has managed to sell all the new and existing shares it planned to place in its initial public offering (IPO) on the Alternative Investment Market (AIM) of the London Stock Exchange , despite a difficult market environment. The company’s share price remained in line with the IPO price ...
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Article
Mazzucchelli and others become more sustainable
Mazzucchelli 1849 , the world’s leading supplier of acetate sheet for eyeglasses and sunglasses, has just announced that it will start commercial deliveries of a new type of sheet made from Eastman Acetate Renew during the second quarter of 2020. Eastman Chemical Company says that Mazzucchelli, a long-time partner of ...
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Article
Safilo to use regenerated nylon produced by Aquafil
Safilo is making a significant pitch for sustainability by adopting a new material, Econyl . This is a regenerated nylon produced by Aquafil , an Italian manufacturer of synthetic fibers that is becoming increasingly popular among fashion and sportswear brands, but has never before been used in the eyewear industry. ...
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Article
Danish sunglasses made from ocean waste
A company based in Copenhagen, called Responseability (sic), is resorting to Kickstarter to help finance the launch of a sustainable collection of four unisex sunglasses made from 100% ocean waste plastic, where each pair is said to remove 1 kg of plastic from the ocean. The glasses are made of ...
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Article
An interesting loyalty scheme
In January 2019, Denmark’s Design Eyewear Group launched an interesting loyalty program among its direct retail clients to better capitalize on the synergies among the various brands in its portfolio. Thanks to the rewards offered through the program, 35 percent of the clients located in countries where the group doesn’t ...
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Article
Kazakh eyewear retailer mulls over international expansion
The biggest eyewear retailer in the market of Kazakhstan, Actual Optic , is considering franchising its operation in Russia and Turkey, according to the local edition of Forbes magazine. Actual Optic is running 25 stores in 10 cities of Kazakhstan offering more than 100 eyewear brands. Anna Yakovleva , ...
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Article
Alcon’s first year after Novartis spin-off is a success
Alcon reported total sales of $7,362 million for the full year 2019, an increase of 3 percent on a reported basis and 5 percent in constant currencies. The management said that 2019 was a good year for the company, as it completed its spin-off from Novartis to become an ...
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Article
Lawsuit widens Bausch Health’s net loss in Q4
Bausch Health reported a net loss of $1,516 million for the fourth quarter, compared with a net loss of $344 million for the year-ago period. The management blamed mainly the accrual of legal reserves established for the resolution of a so-called “stock drop” litigation in the U.S. linked to the ...
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Article
The Vision Council takes a new tack
The Vision Council announced details from a new five-year plan, including a new consumer marketing strategy. Both are set to commence this year and following the council’s annual Executive Summit, held on Jan. 29-31 in Manalapan, Florida. The council also inducted its board of directors for the new year. ...
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