All Eyewear Intelligence articles in Volume 21 No. 5-6 – Page 2
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News briefs
Shamir Optical partners with Paris Miki
Shamir Optical has concluded a partnership with a big Japanese optical retailer, Paris Miki , whose annual turnover is said to be close to $500 million. Shamir will use its InoTime technology to supply its stores with customized lenses within 24 hours, setting up a dedicated lab in Tokyo. Shamir ...
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News briefs
Marcolin's CEO steps down
Marcolin ’s chief executive and general manager, Massimo Renon , is leaving the group to become the CEO of a big Italian apparel company in the same region, the Benetton Group . Renon, who became CEO of Marcolin in 2017, will continue holding the job until April 14. He had ...
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News briefs
Transitions appoints general manager
Vadim Gorovoy has been appointed by Transitions as general manager of sales for the EMEA region, coinciding with the brand’s launch in Europe of its eighth generation of photochromic lenses. He has spent 20 years in branding, marketing and retail. He spent the last 12 years with Lego , holding ...
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News briefs
Edel Optics appoints general manager
Edel Optics , which claims to be one of the three largest online retailers for eye glasses in Europe and the second-largest in Germany, appointed Marijo Sarac as joint general manager on March 1. He will be supporting Dennis Martens , founder and chief executive officer. Sarac has served on ...
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News briefs
New CEO at Pro Optik
Pro Optik , a chain of 145 mostly franchised stores in Germany, appointed Micha S. Siebenhandl as its new chief executive on March 16. He is reporting directly to Paragon Partners , an investment company in Munich that acquired the majority of the chain’s shares together with Hannibal Zemariam , ...
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News briefs
Essilor suffers cyberattack
On March 21, EssilorLuxottica’s lens unit, Essilor , suffered a cyberattack that disrupted access to some servers and computers. The group said that it took immediate action to stop the computer virus from spreading, isolating some servers and installing new firewalls.
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News briefs
Safilo's board proposes stock option plan
Safilo ’s board of directors will ask shareholders to approve a new stock option plan running from 2020 to 2022 for up to seven million shares. It will be reserved for executive directors who are also employees of Safilo, and other employees of the group. The group added that Catherine ...
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News briefs
Zeiss buys Saxonia Systems
Carl Zeiss has completed its acquisition of a producer of custom software, Saxonia Systems , which has been renamed Carl Zeiss Digital Innovation . Zeiss said the company will provide “digitalization solutions, from process, technology and software architecture consultations all the way to requirements management, implementation, quality assurance and maintenance.” ...
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News briefs
L Catterton buys stake in FYidoctors
The U.S. private equity firm L Catterton has bought a “strategic” minority stake in the Canadian eyecare company FYidoctors . No details have been released. FYidoctors was created in 2005 by a group of eye doctors, has 250 locations and continues to be owned by optometrists. The investment will provide ...
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News briefs
Abbvie and Allergan enter agreement with FTC
Abbvie and Allergan have entered into a consent decree agreement with the staff of the U.S. Federal Trade Commission (FTC) regarding AbbVie’s acquisition of Allergan. Under the terms of the consent decree, the companies have agreed to divest brazikumab , an investigational inhibitor in the development for autoimmune diseases, to ...
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PDF NewsletterEyewear Intelligence Newsletter: Vol 21 - 05+06
The industry responds to a pandemic Lockdown in Russia Different approaches in Germany | The industry responds to a pandemic | Lockdown in Russia | Different approaches in Germany | Mister Spex’ omni-channel strategy | GrandVision warns on profits | Essilux’ results and virus response | Big management changes at Essilux| Safilo cuts losses, keeps producing | Europe’s contact lens market | CVI grows slightlys
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Article
Mister Spex’ omni-channel strategy takes on new dimensions
To protect customers and employees during the current coronavirus crisis, Mister Spex has recently decided to switch its 21 stores in Germany to emergency care until further notice. Further new store openings, in Berlin and Munich, will be suspended. All Mister Spex online services will remain available to customers. ...
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Article
Germany faces up to the disease differently
Governments around the world have stepped up restrictions on the movement of their citizens to reduce the spread of Covid-19, which, according to the World Health Organization (WHO) , has infected over 780,000 and killed more than 37,000 people globally. As of March 31, more than 67,000 cases were ...
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Article
Safilo continues to produce despite harsher lockdown measures
As its core business consists of making “medical devices,” Safilo has continued manufacturing both prescription frames and sunglasses in Italy despite harsher governmental regulations for the lockdown of non-essential activities in the country to stop the propagation of the Covid-19 virus. We could not determine at press time how many ...
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Article
Eyewear stores are temporarily closed in Russia
The Russian government is no longer recognizing corrective eyewear as essential products that should not fall under a nationwide retail lockdown. It has ordered all eyewear stores in the country to be shut down at least for one week from Monday, March 30. While they were excluded from a ...
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Article
The European contact lens market rose by 4.3% in 2019
The contact lens market in 33 European countries rose by 8.8 percent in 2019 to €1,960 million, according to data released by Euromcontact, which represents the contact lens and lens care industry in Europe. On a comparable basis, the growth was limited at 4.3 percent, as the organization was not ...
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Article
EssilorLuxottica starts to cope with Covid-19
On March 27, EssilorLuxottica said it had stopped a share buyback program that it had announced only 10 days earlier, due to the growing uncertainty being created by the rapidly expanding Covid-19 pandemic. It’s one of the measures that the group is implementing to improve its liquidity in view of ...
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Article
GrandVision issues profit warning due to Covid-19
Because of the Covid-19 pandemic, GrandVision (GV) no longer expects this year to achieve its medium-term objectives of an annual growth of at least 5 percent in revenue and Ebita. It noted that the business environment remains uncertain but the company is confident that it will complete its takeover by ...
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Article
CooperVision grows by 4% in Q1
CooperVision ’s sales went up by 3 percent to $485.2 million in the first quarter of Cooper Companies ’ financial year, which ended on Jan. 31, and its gross margin improved by 0.5 percentage points to 66.5 percent. Sales of toric lenses rose by 6 percent to $155.1 million, ...
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