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Safilo Q1 2017 Sales Down Compared to 2016

The Board of Directors of Safilo Group S.p.A. has today reviewed and approved Q1 2017 economic and financial key performance indicators.

In the first quarter of 2017, Safilo’s total net sales equaled Euro 237.3 million, down 21.3% at current exchange rates and 22.8% at constant exchange rates, compared to Euro 301.6 million in the first quarter of 2016.

Economic and financial results were heavily impacted by the start-up of the new SAP information system in the Distribution Centre in Padua, mainly related to its unique fully automatized operations and complex global volumes, impacting in particular warehouse deliveries of the Going Forward Brand Portfolio and thus quarterly sales.

Q1 2017 results also reflected the exit of the Gucci license and its replacement by the Strategic Product Partnership Agreement with Kering for the product development, manufacturing and supply of Gucci eyewear.

Click HERE to read the full press release.

 

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Vuarnet Inspired by San Fran Tram Style

The new Vuarnet Cable Car Medium Rectangle (VL1624) is a nod to the brand’s 1950s roots. It features an acetate frame with a single stainless steel bridge and Vuarnet’s signature mineral glass lenses. Cable Car VL1624 comes in a range of colours including this translucent blue and amber acetate frame complemented by pure grey and blue bronze Lynx lenses.

www.vuarnet.com/ca

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AMD Going Undiagnosed by Primary Eye Care Providers

A study from the University of Alabama at Birmingham found that one in four cases of treatable AMD were going undiagnosed by primary eye care providers, raising questions about the need for improved AMD detection strategies.

The researchers looked at a sample of 644 participants with an average age of 69.4 years, all of which were determined by their primary eye care provider to be of normal macular health. The eyes were graded by the Clinical Age-Related Maculopathy Staging system using colour fundus photography.

Three quarters (75.2%) of the eyes were found to be free of AMD, which agreed with their medical record. However, 24.8% of eyes had undiagnosed AMD, with 30% of these cases having drusen consistent with intermediate AMD. These eyes with drusen could have been treatable with nutritional supplements if the AMD had been properly diagnosed.

There was little difference between optometrists and ophthalmologists in percentage of patients with undiagnosed AMD. The patients with undiagnosed AMD tended to be older, male, and with less than high-school level education.

Because many of these undiagnosed cases would have been treatable had they been caught earlier by their primary eye care provider, it is critical that diagnosis happens as early as possible to avoid vision loss.

Read the full article HERE.

 

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Marcolin and Rivoli Sign Joint Venture in Middle East

Giovanni Zoppas_CEO Marcolin Group_lr

 

Marcolin Group announced May 9 to have signed a joint venture agreement with Rivoli Group, one of the largest luxury retailers in the Middle East area.

The JV, named Marcolin Middle East, is 51% owned by Marcolin Group and its headquarters will be based in Dubai in the United Arab Emirates. It will distribute the eyewear collections of the Marcolin’s brand portfolio: Tom Ford, Balenciaga, Ermenegildo Zegna, Montblanc, Roberto Cavalli, Tod’s, Emilio Pucci, Swarovski, Dsquared2, Diesel, Just Cavalli, Kenneth Cole, Timberland, Guess, Gant, Harley-Davidson, Marciano, Skechers and Web Eyewear.

Click HERE to read the full press release.

Photo credit: Mauricio Ache

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SILMO Paris and Its “Xtrashow”

Behind this ExtraShow concept, SILMO Paris promises a celebratory exhibition in honour of its 50th anniversary, centred on a spirit of sharing and socialising. The organisers invite everyone involved in the 2017 edition to take part in the event.

For the past 50 years, the optics and eyewear industry has come together at the Mondial de l’Optique (World Optical Fair) to unveil designs, innovations, companies and brands, all demonstrating a commitment to improve and enhance vision. To mark this momentous occasion, the organisers — who are busy preparing a 4-day event-packed program running from October 6 to 9, 2017 —, would like to invite all attendees to become players in this event.

Professionals born between October 6 and 9 or celebrating their 50th birthday this year are invited to blow out the candles during their visit to SILMO, in a unique commemoration of all the birthdays combined in an informal business environment.

Founded in 1967 in Oyonnax with just a handful of pioneers, today the Mondial de l’Optique plays host to a thousand exhibitors from across the industry. In homage to this ongoing dynamic, the exhibition is inviting brands and companies to showcase an iconic product, service or collection that has left its mark on the company’s history… with the winner receiving a SILMO d’Or award.

And to round off the celebrations, the illustrious SILMO d’Or awards evening will take place on Saturday 7 October 2017.

Click HERE to read the full press release.

 

 

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