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Sàfilo Receives Postponement for Loan Payment

Posted: 7/2/2009 11:03 AM
PADOVA, Italy—According to a statement released today by Sàfilo Group S.p.A. [SFL:MI], their June 24 request for a postponement of loan payments due on June 30 has been approved by their creditor banks. The new due date for payment is Dec. 31, 2009.

Board Certification Passed by AOA House of Delegates at Optometry’s Meeting

Posted: 6/26/2009 11:00 AM
NATIONAL HARBOR, Md.—After months of heated debate amongst the optometric community, the American Optometric Association’s House of Delegates voted for board certification during its annual meeting here today, capping off one of the most controversial and significant decisions for the profession in decades.

Partner Talks Continue for Sàfilo, Company Requests Postponement of Loan Payment

Posted: 6/24/2009 9:00 AM
PADOVA, Italy—Sàfilo Group S.p.A. [SFL:MI] has issued a statement which states that negotiations to identify a potential partner to strengthen the financial and capital structure of the company continue and that management has entered into talks with their creditor banks to request a postponement of loan payments due on June 30.

OLA Sets New Dates for ’09 Annual Meeting

Posted: 6/19/2009 11:00 AM
FAIRFAX, Va.—The Optical Laboratories Association announced today that it is rescheduling its 2009 annual meeting and trade exhibition to Dec. 4 and 5. The meeting, which will take place at the Gaylord National hotel in Washington, D.C., had originally been scheduled for Nov. 12 to 14 in the same location.


Optical Shop of Aspen Stores in luxottica’s Luxury unit

Posted: 6/15/2009 12:07 AM Volume Number: 23:7
NEW YORK—Luxottica Group [NYSE:LUX] has brought the Optical Shop of Aspen retail store group into its global sun and luxury retail organization, consisting now of Sunglass Hut and a new global luxury group, including Ilori and the Optical Shop of Aspen retail stores, VM has learned.

Bushnell Purchases Cébé Brand

Posted: 6/15/2009 12:04 AM Volume Number: 23:7
OVERLAND PARK, Kan.—MidOcean Partners, a middle market private equity firm, and Bushnell Outdoor Products,

ECPs, and Dispensers Still Wary as Recession Grinds On

Posted: 6/15/2009 12:04 AM Volume Number: 23:7
NEW YORK—As the global economic slowdown lumbers on, eyecare practitioners and optical retailers are working to combat a recession that shows no clear signs of ending.

Hoya’s 4Q FY ’09 Net Sales Decline 38.9 Percent

Posted: 6/15/2009 12:04 AM Volume Number: 23:7
TOKYO—Hoya Corp.’s net sales plummeted 38.9 percent in the fourth quarter ended March 31, 2009, the company reported.

Luxottica Eyes South American Retail Via Interest in Three Chains There

Posted: 6/15/2009 12:04 AM Volume Number: 23:7
MILAN—Luxottica Group plans its first entry into optical retailing in South America by acquiring a 40 percent interest in Spain’s Multiopticas Internacional, which operates 393 eyewear stores in Chile, Peru, Ecuador and Colombia under the retail brands GMO, Econoptics and SunPlanet.

Nouveau Eyewear to Add Arrow License to Its Portfolio

Posted: 6/15/2009 12:04 AM Volume Number: 23:7
NEW YORK—Phillips-Van Heusen Corporation (NYSE: PVH) has licensed Nouveau Eyewear, Inc. to design, produce and market men’s ophthalmic eyewear under PVH’s Arrow brand in the U.S. and Canada.

Modo Signs With 7 For All Mankind

Posted: 6/15/2009 12:02 AM Volume Number: 23:7
NEW YORK—Modo has signed an exclusive global eyewear license agreement with luxury denim brand 7 For All Mankind for the duration for five years, effective Sept. 1, 2009.

Michael DiSanto, Noted Trainer and Writer, Dies at 60

Posted: 6/15/2009 12:01 AM Volume Number: 23:7
HUDSON, Ohio—Michael R. DiSanto, a well-known optical industry trainer and writer, died May 25 following a battle with cancer.

Scojo New York Accesses Patented Reading Glass Technology

Posted: 6/15/2009 12:01 AM Volume Number: 23:7
MINNEAPOLIS, Minn.—Scojo New York, a division of OGI Eyewear, has access to a patented new manufacturing process technology that provides a new concept in popular-priced ready-made reading glasses which feature a near/intermediate no-line lens, geared to tasks like working on a computer.

Signet Armorlite Releases ‘Anti-Fatigue’ Progressive Lens

Posted: 6/15/2009 12:01 AM Volume Number: 23:7
AN MARCOS, Calif.—Signet Armorlite is launching a new lens that uses a base-in prism design to alleviate symptomatic convergence insufficiency (CI).

Retailers and Exhibitors Maximize the Expo Experience

Posted: 4/27/2009 12:11 AM Volume Number: 23:5
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