Who is this Moulin that wants to buy Cole? I'm not familiar with the name
Harry
Who is this Moulin that wants to buy Cole? I'm not familiar with the name
Harry
Quick summary per web link: Hong Kong based frame company that does RedRose, Nikon, Aigner, and Benneton! Want to vertically integrate! If it's good enough for Luxottica...
I'll laugh my *** off if this happens!
drk,
this is actually common, one example would be Allison products. They usually either do vertical integration or sell out, which in essence is the same thing.
Mr. BA:
Please go into more detail. Who do you mean by "they"? Frame companies?
Is Allison Eyewear vertically integrated? Who owns them? I do think that RedRose is an Allison brand, no?
How is vertically integrating "selling out"?
Just checked the website:
Very Impressive
I wonder why Moulin did not post out pictures of their cafeteria in the webiste!! I had a chance to witness more than 2,000 workers walked toward me after their lunch and another 2,000 workers walked in from another direction at about the same time. They have the biggest optical army team I have ever seen in my life! Yet, the factory I visited was only one of Moulin's collection in Guang Dong!
Fantastic site!
I for one welcome our new Hong Kong overlords.
By "they" frame companies I mean frame comapnies. Manufacturers etc. often get big and vertically integrate to one extent or another. If for instance a manufacturer sells product to luxottica, and then sells the business to luxottica, they have in effect become a cog in a vert. Intigrated company. Thats what I meant by sell out. Allison used to make frames for others, and now sells direct, another example of vertical integration...drk said:
Mr. BA:
Please go into more detail. Who do you mean by "they"? Frame companies? Is Allison Eyewear vertically integrated? Who owns them? I do think that RedRose is an Allison brand, no?
How is vertically integrating "selling out"?
Yeah, TF. I'd never use that material on Fark though. Just thought I'd see how it played out on another forum.
harry888 said:
Who is this Moulin that wants to buy Cole? I'm not familiar with the name
Harry
Moulin seems to be fully chinese owned, which means any major outfit out of China is at least State controlled.
So, how would you like 35% of the US optical retail being controlled by the Chinese instaed of the Italians?
The money to do that move has been paid by chinese products imported and sold in the US.
We can spin this idea a lot further ..................................
So instead of BOGO, I do two you get egg roll????????
"Coimhéad fearg fhear na foighde"
While everyone seems to be celebrating this event, has anyone considered the impace of a PRC giant owning all those stores and all that managed care here in the US. Hear are a couple of additional things to ponder while you have your party hat on.
I am just sure they are going to allow independents to participate in the same equal manner Eye Med does now! After all they have your interest at heart, cause they have such a large investment here in US distribution.
I am also sure they are going to keep exam fees and managed care reimbursements at the same level they are now. They have always been interested in independents again because of their wholesale operation in the US.
Finally think about a frame price war. You vs Cole/Moulin a company already known to heavly discount managed care now has the ability to import PRC frames for their non managed care side of their business. You know theside that make's up the largest portion of your profit. What will the average frame price be? You may not be able to purchase anything BUT Chinese product in order to compete. and keep you same margins.
Congratulations to everyone who purchased Chinese product at Vision Expo's and other meetings and help make Moulin the third largest frame manufacturer in the world. Most have forgotten 1990 to 1995 when Far East frame imports went from 20% to 50%. What a wonderful world that will be to return to those good old days when managed care was targeted to the absolute lowest dollar reimburesment.
This may be a quick brutal answer to a question I ask often, "Who else besides Luxottica would you have rather purchased Lenscrafters in 1995"
Parr...tee!
Yes I work for them and I'll take a democratic Italian company over State controled Chinese communist every day.
Rep
WOW,
Well, yesterday I really could care who was buying Cole. Today, I hope Luxottica still pulls this one off.
I think Lux would close down some of the stores and would raise prices. I actually think Luxottica should buy every chain. Moulin sounds like a low price type company. The more price factors into sales the harder it is to sell.
We will have to wait and see what happens.
I would rather watch the gorrillas duke it out and destroy each other.
Lower prices to the point where they can't compete on quality and service.
Ohhh yeah baby let the good times return!
Moulin has aquired one of the oldest German frame factories NIGURA which used to belong to Rodenstock last fall.
The own some factories in Italy and Other East European Countries.
Thanks for the "Heads Up" Chris!
I just called Rodenstock Canada and they said that they are still carrying the Nigura line. (maybe they're trying to get rid of old stock???)
I was ready to commit to this line BIG TIME in order to replace my "bead and butter" Luxottica's.
Do you have a link that Rodenstock doesn't own Nigura anymore?
To Rep!
Does not Lux has factory in China?
How do we know that half of all the frames are not manufactured in China and then brought and maybe half assembled in Italy?
???
Rep:
Wah, Wah, Wah !!
How about congratualtions to everyone that bought all the frames from the number ONE manufacturer in the world ?
Is this really about politics? Do you mean to tell us that they are importing Italian workers to China to work in the China Lux factory? It'll still be communistist making the frames...right?
This is getting hillarious!!
Eddie G's said:
Thanks for the "Heads Up" Chris!
Do you have a link that Rodenstock doesn't own Nigura anymore?
www.moulin.com.hk
Eddy, go on their website and get into press releases and you will find it plus some more shocking and other news that we did not know about. I tries to copy some of it, but the site is made that you can not copy or save anything out of it
A pair of OBE or Swiss hinges = $3.00 USD C.I.F Los Angeles.
A pair of Italian temples = $12.50 FOB Italy.
A pair of Italian ear pieces = $2.50 USD FOB Italy.
A pair of Tanaka nose pads (Lux's OEM nose pads factory) = $0.6
Each spot welding = 0.50 USD.
Italian plating = $2.50 USD each.
American wholesales only want to pay maxium $10 USD per frame arrived in any port,USA. No body wants to make any frame in Italy anymore!!
Real Italian made frames (zyl) has better cut by mostly CNC process (max. tolerance 0.025 mm) with sharp cut (because they use $80 USD of milling cutter). Most Chinese manufactories use manual machines (tolerance at least 0.25 mm) end out with round edges! However, not that many people could eyeball out the differences! So, who cares!!
Real Italian made frames are----Face a Face, Lafont, Mikli, and some laeyeworks. I apologize to Carrrrr.........tier!
All others----
:bbg: !!!!!!!!!!!!
Chinese factories occupy 30 + % of American retailors. American OEM companies take over 84% profit from Chinese factories. Who is smarter??
:D :D :D
Names and creative idea s from American are treasure of the dollar sign! No one knows how to put up a name from Moulin!!
Moulin Interm Report 2003
United States
The Group s distribution business in the United States recorded a slight decrease of 5% from HK$56 million to HK$53 million due to the generally weak consumer market there Nonetheless during the period under review the Group successfully concluded long term contracts with various mass market retail customers Including a top five eyewear chain and the largest vision managed care company in the United States The management believes that the Group s business In the United States will improve in the short to medium term as the market has already started to show signs of recover
Gee I wonder who that could be?
Rep
VSP
If Moulin buys Cole? Would VSP be available in Cole stores? Moulin and VSP have an alliance right now!
As an Independent optical shop I can't get VSP because I am not OD owned. I do take Eyemed. I was thinking that Lux would make Cole managed care Eyemed in the future. Would Cole become VSP? Would they make you buy Moulin frames?
OD have to worry about losing VSP patients to chains now(MAYBE)
Things that make you go Hmmmmmmm!
read yourself:
http://www.moulin.com.hk/doc/Jan%201...20Division.pdf
If you can not get the page copy this text and paste into address:
http://www.moulin.com.hk/doc/Jan%201...20Division.pdf
Last edited by Chris Ryser; 04-21-2004 at 11:17 AM.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Reply With Quote
Bookmarks