Blog

November 5, 2014April 24, 2018

Sales growth and new appointments at Luxottica

Luxottica reported sales of CA$8.2 billion for the first nine months of 2014, a 2.1% increase over the same period last year.

Growth was driven by the North American market, with an increase in wholesale sales of 11% and retail sales of 4.3%. Sales rose 30% in China, Brazil, India, and the Middle East.

In addition, the company confirmed that Massimo Vian will step into the role of acting CEO until the arrival of Adil Mehboob-Khan in January 2015. After that, the latter will hold the position of co-CEO of markets, and Massimo Vian will manage the products and operations sector. Finally, the Board of Directors appointed Stefano Grassi as the new financial officer, replacing Enrico Cavatorta, who recently resigned.

For more information: http://www.luxottica.com/sites/luxottica.com/files/2014_10_29_-_luxottica_-_3q_2014_results_-_eng.pdf

November 5, 2014April 24, 2018

Court reprimands Valeant and Pershing Square

A California court says that Allergan raises serious questions as to whether Valeant and Pershing Square engaged in insider trading.

The judge nonetheless refused to grant Allergan an injunction disallowing Pershing Square, which is Allergan’s largest shareholder, from voting at the special meeting on December 18. This meeting could determine the future of Allergan’s executives, who strongly oppose the takeover bid from Valeant and Pershing Square.

In the meantime, Allergan has admitted to having been approached by another suitor about a potential merger, which would complicate an acquisition by Valeant. Sources familiar with the matter say the other company is Actavis.

Actavis is an American pharmaceutical company. Based in Ireland, it has a U.S. administrative headquarters in the United States.

For more information: http://agn.client.shareholder.com/releasedetail.cfm?ReleaseID=880337

http://www.theglobeandmail.com/report-on-business/california-court-reprimands-valeant-pershing-over-pursuit-of-allergan/article21441111/

November 4, 2014April 24, 2018

Immagine98 lauches seven Rye&Lye models

Immagine98 has launched seven new models in its Rye&Lye collection, distributed in Canada by Mood Eyewear. Wood and titanium dominate these new creations, with the brand’s own acetate and Swarowski ornaments. Two frames for men, Donatello and Modigliani, are 100% titanium; Giorgione, Tiepolo and Tintoretto are wood frames; and Masaccio is a sparkling acetate frame. Finally, only 600 pairs of the Canova model, decorated with Swarowski ornaments, have been produced. http://www.moodeyewear.com/

November 3, 2014April 24, 2018

FLEYE wins Good Design Award 2014

The Danish company FLEYE wins the Good Design Award 2014, the most prestigious award for design in Japan.

It is the design details of the handmade model 4513 Luan that caught the attention of Japanese jury. The design of the patterns, the colour of the titanium, the shape of the nose pads, all elements of the glasses were designed to accommodate their functional role.

Carbon fiber is used in motorcycles, aircraft, yachts, and glasses. It is a light and strong material but cannot easily be adjusted. To overcome this weakness and to ensure a perfect fit, FLEYE designed a thin wire of flexible Japanese beta- titanium that loops across the nose bridge. The wire keeps the pads in place and can be adjusted.

More information: www.g-mark.org and www.fleye.dk

November 3, 2014April 24, 2018

A strong quarter for Essilor

Essilor’s revenue rose to CA$1.59 million in the third quarter of 2014, a 14.5% increase over the same period last year.

In North America, sales increased by 7.1%, as the result of a communication strategy in the United States to promote its brands Varilux, Crizal, Transitions, and Xperio among independent optometrists.

The company reported an 11.2% increase in emerging markets, which counted for 22% of consolidated sales. Recent acquisitions, such as Xiamen Yarui Optical, Costa Inc., coastal.com and Transitions Optical, also contributed to increased growth.

For further information: http://www.essilor.com/fr/Press/News/Pages/Informationfinancieredu3emetrimestre2014.aspx