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Safilo and Christian Dior Couture Renew Licensing Agreement

Padua/Paris – SAFILO Group and Christian Dior Couture announce the renewal of their licensing agreement for the design, manufacturing and worldwide distribution of the Dior and Dior Homme collections of sunglasses and optical frames. The renewal period extends until December 31, 2020.

“DIOR eyewear has established itself as the leading trendsetter in sunglasses, says Luisa Delgado, CEO of SAFILO. This is the result of a remarkable combination of sophisticated capabilities, merging visionary
product design, industry-leading technical expertise and innovation, along with authentic manufacturing craftsmanship and consistent qualitative worldwide distribution.”

“DIOR is glad to continue its relationship with SAFILO, developing and marketing DIOR eyewear products that reflect the values of our brand.” comments Sidney Toledano, President and CEO of Christian Dior Couture.

Click HERE for the full press release.

 

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Safilo Communicates Closure of Licensing Agreement for Céline Eyewear

Padua – Safilo Group communicates that the licensing agreement for the design, manufacturing and worldwide distribution of the Céline collections of sunglasses and optical frames, will run to closure on December 31, 2017. Céline Eyewear joined the Safilo brand portfolio in 2012, and represents today just above 3% of Safilo’s worldwide sales concentrated mainly in Europe and North America.

For the full press release, click HERE.

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The Cooper Companies Announces Fourth Quarter and Full Year 2016 Results

The Cooper Companies announced financial results for the fiscal fourth quarter and full year ended October 31, 2016. Fourth quarter revenue increased 14% year-over-year to $518.7 million. Fiscal 2016 revenue increased 9% to $1,966.8 million.

Fourth quarter GAAP earnings per share (EPS) $1.23, up 48 cents or 64% from last year’s fourth quarter. Fiscal 2016 GAAP EPS $5.59, up 35% from fiscal 2015. Fourth quarter non-GAAP EPS $2.28, up 28 cents or 14% from last year’s fourth quarter. Fiscal 2016 non-GAAP EPS $8.44, up 13% from fiscal 2015.

Revenue $1,966.8 million, up 9.4% from fiscal 2015, up 7.3% pro forma.

Cash provided by operations $509.6 million and capital expenditures $152.6 million resulted in free cash flow of $357.0 million.

Commenting on the results, Robert S. Weiss, Cooper’s president and chief executive officer said, “I am pleased to report record revenue and free cash flow for the year. We accomplished this through market share gains, a successful push into the 1-Day silicone hydrogel space, growth in our Biofinity® franchise and very strong year in our CooperSurgical business. We enter fiscal 2017 with momentum and are well positioned for sustained growth in each of our businesses going forward.”

Click HERE for the full press release.

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Modern Optical Appoints Director of Sales Development

Chris Millet _Modern Optical

 

Roselle, IL. – Modern Optical International announces that Chris Millet has been named to its senior management team as Director of Sales Development. In this newly created position, Millet will develop, plan, and execute sales strategies. Millet brings over two decades of optical experience to Modern Optical. In past roles, he served as Chief Operating Officer at Professional Eye Care Associates of America, Inc. and as Regional Sales Manager at Hoya Vision Care.

“We are thrilled to have Chris join our Modern Family,” said Ken Weissman, President of Modern Optical International. “His industry knowledge and extensive professional network will create new opportunities for our growing company.”

For full press release, click HERE.

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