All Eyewear Intelligence articles in Volume 21 No. 9-10 – Page 2
-
Article
Japan exits state of emergency cautiously
After lifting a mild state of emergency, which enabled smaller retailers to remain open, Japan is cautiously turning back to normal but the eyewear industry remains under pressure.
-
ArticleTwo-speed restart in France after coronavirus crisis
Lens manufacturers are enjoying a strong recovery on the French market, while frame manufacturers are experiencing a slower restart as cash-strapped opticians delay reassortments.
-
News briefs
New Line Optik to launch special collection with German non-profit organization
New Line Optik , distributor of Staffan Preutz Design and the Danish Monkeyglasses brand in German-speaking markets, has established a partnership with Guud-Zweck , a German non-profit organization, for its Headrix private brand of eyewear. For the purchase of each frame in the new special collection, called ...
-
News briefs
Paris Miki annual sales down by 1.4%
Paris Miki , the Japanese optical retail group, reported annual revenues of 48,307 million yen (€396.0m-$443.6m) for its fiscal year ending March 31, representing a 1.4 percent decrease from the previous year. Comparable store sales were however, up by 0.5 percent. The company reduced its number of stores by 54 ...
-
News briefs
Del Vecchio plans to double stake in key Italian bank
Delfin , the Luxembourg-based holding company of Leonardo Del Vecchio , the founder of Luxottica , has filed with the Bank of Italy a request to increase its stake in the influential investment bank Mediobanca above 10 percent, with the objective of reaching 20 percent. Delfin ...
-
Article
Cecop moves into North America
Cecop , the international buying group based in Madrid, has entered the Northern American market, acquiring 600 new retail members in the region through its takeover of the Combine Buying Group , an organization that provides various services to independent opticians. Based in New York, the American buying group ...
-
ArticleSafilo completes the acquisition of Blenders and boosts its e-commerce business
Safilo has completed the acquisition of a 70 percent stake in the Californian company Blenders Eyewears , bringing in house a high-growth business and skills to further develop its e-commerce activity.
-
ArticleItalia Independent lowers its forecasts until 2023
Italia Independent has revised downwards its business plan though 2023 due to the impact of the Covid-19 pandemic. It now expects to post sales of about €40 million in 2023 compared with a previous estimate of €42 million in the business plan approved in November 2019. The revenues are ...
-
News briefs
Optiswiss to upgrade its production site in Switzerland
Optiswiss , the large Swiss-based independent lens laboratory, has set up a fully automated production line for its remote form edging. Orders are currently increasing and its roughly 200 employees have restarted working normally. The company had introduced remote working and shortened working time due to the coronavirus crisis, it ...
-
News briefs
Essilor offers special financing terms for its automatic phoropters
Essilor is offering special financing terms to German opticians who wish to switch to an automatic phoropter in view of the current health situation. Essilor is offering financing with 60-month terms for its automatic phoropters, with or without a refraction unit. The company also offers custom solutions. With automatic ...
-
ArticleWGSN sees three major consumer groups emerging from the crisis
The coronavirus pandemic has accelerated societal changes and is forcing industries worldwide to adapt to the resulting changes in consumption, and WGSN has set out to predict what consumers will be looking for in the next couple of years.
-
News briefs
Prada sales rise over 10% in China in May
Prada ’s sales in China rose “significantly” more than 10 percent in May compared with April, the company’s chief executive officer Patrizio Bertelli told Bloomberg TV . But, the rise is still far from sufficient to compensate for the decline in sales in the country following the lockdowns introduced ...
-
Article
Macy’s’ credit rating downgraded to ‘BB’ by Fitch
Macy’s credit rating was cut by Fitch , as, like many other American department stores, the retailer suffered from coronavirus-related lockdowns. EssilorLuxottica ’s unit Luxottica is present in Macy’s’ network with its LensCrafters and Sunglass Hut banners.
-
News briefs
Jimmy Choo, Versace return to last’s year sales levels in China
In April and May , Jimmy Choo and Versace returned to last year’s sales levels in Mainland China, as volumes gradually built up from the end of the coronavirus-related lockdown, while the Michael Kors brand was at 80 percent of last-year’s sales for the period. The three ...
-
News briefs
Opti expects more international visitors in 2021
Opti2021 , which will be held in Stuttgart on Jan. 8-10, 2021, expects to register an increase in international visitors thanks to the cancellation of Mido and other trade shows this year. Mid-2019, the show said that it was moving to Stuttgart from Munich and would be held in ...
-
News briefs
Gifo and Silmo send 50,000 face shields to opticians
Gifo , the French eyewear industry association, will provide optical shops with a total of 50,000 face shields, in partnership with the organizers of the Silmo eyewear show. The operation is aimed at supporting the country’s opticians that reopened their businesses on May 11, after almost two months of ...
-
ArticleEssilorLuxottica’s bonds generate huge demand
EssilorLuxottica experienced huge demand for its bonds from institutional investors, enabling it to increase the size of the placement and lower the annual interest rates it will pay. The company enjoys a strong balance sheet and has an ‘A’ credit rating from S P and an ‘A2’ rating from ...
-
News briefs
Foster Grant launches new Sofia Vergara collection
Foster Grant , a brand of Essilor International ’s wholly-owned unit FGX International , has teamed up with Colombian-American actress Sofia Vergara for a new collection of reading glasses, sunglasses and trademark SunReaders. The Sofia Vergara x Foster Grant line comes in 24 styles personally curated by Vergara and ...
-
News briefs
Eye Designs buys Fashion Optical Displays
Eye Designs , an American supplier of custom optical displays, has agreed to buy Fashion Optical Displays , a Californian provider of interior design services to eyecare professionals. Eye Designs’ co-president, Richard Winig , described the acquisition a “natural fit” for the company’s business model. Fashion Optical Displays ...
-
News briefs
Total joins forces with PureCycle to produce recycled polypropylene
The French oil major Total has signed an agreement with PureCycle Technologies to develop a partnership in plastic recycling. Under the deal, Total will purchase part of the output of PureCycle’s future polypropylene facility in the United States and will assess the interest of developing a new plant ...
- Previous Page
- Page1
- Page2
- Page3
- Page4
- Next Page
