Bausch Health files for IPO of its eyecare business
In its quest to split into three publicly traded companies, Bausch Health has filed to make an initial public offering of common shares in the U.S. and most of Canada for its wholly owned subsidiary Bausch + Lomb Corporation. Specifically, it has filed a Registration Statement with the U.S. Securities ...
Specsavers profits doubled in Covid year
After having skipped the publication of its presentation last year at the time of the Covid outbreak, Specsavers has returned to disclosing the annual review of its business, however in a much less detailed format than before.
U.S. market confirms its rebound in Q3
According to The Vision Council’s most recent VisionWatch report, covering the third quarter of U.S. market, the 12 months preceding September 2021 suggest a solid recovery in eyewear revenues. Sales for the period reached $46.45 billion, up by 24 percent from the comparable period of 2020 and by 6.3 percent ...
Mojo Vision partners with sports apps
Mojo Vision, a provider of smart contact lenses, has established partnerships with five connected-fitness platforms: Adidas Running, the German sportswear company’s digital-tracking division; Trailforks, a trail-mapping service for cyclists and hikers; Wearable X, provider of smart haptic fitness apparel; Slopes, an iOS, Android and Apple Watch app for skiers and ...
Top 5 eyewear companies’ stock prices up 4.6 % in Q4
We are updating here our quarterly chart on the evolution of stock prices for the public companies in the eyewear market, including manufacturers, distributors or retailers of contact lenses, prescription lenses, eyeglasses and sunglasses. We are also publishing a ranking of these 22 companies based on their stock market value.
MPG doubles down in retail, taking over 177 Essilux shops
Just a few days after the announcement of an agreement with the Vision Group for the takeover of 174 of their Italian stores, EssilorLuxottica and GrandVision have announced that they have found an acquirer for 177 of their retail locations in the Benelux. Both divestments had been agreed with the ...
Ocuco invests in myopia treatment IT company
Ocuco – the software producer for optometrists, ophthalmologists, optical offices and optical labs – has purchased a minority share in Ocumetra, an IT firm that produces nine clinical tools for the treatment of myopia. Chief among these is a numerical and graphical suite called Refractogram, with interactive ocular growth charts, ...
Carbon-neutral Icare Group gets EcoVadis silver
Icare Group, the OEM eyewear supplier, announced a few weeks ago that it had received a silver rating from EcoVadis, one of the global leading platforms in environmental and ethical certifications for global supply chains. The company said that, with this new CSR achievement, it ranked in the top 25 ...
Pro Optik discusses future plans in online video
Inaugurating a new communication format with a round table talk available on Vimeo, four Pro Optik managers gave some insights on the present and future plans of the German optician group, nicknamed Pro Optik 2.0 after the changes the company went through.
EssilorLuxottica divests shops in Italy, invests in Sweden
EssilorLuxottica and its retail subsidiary GrandVision announced on Dec. 17 that they have found an agreement for Vision Group to acquire their VistaSi chain in Italy, including the brand and 99 stores, as well as 75 GrandVision stores in the country. The financial terms of the transaction were not disclosed.
ZEISS reports record revenues in anniversary year
ZEISS has reported record revenues of €7,529 billion for the fiscal year ending Sept. 30, 2021, with double-digit growths in all segments. The group topline grew by 19.6 percent as compared with the previous year, and by 17.1 percent versus the pre-Covid 2018/19 fiscal year. Over 90 percent of sales ...
After Balmain, Akoni adds Valentino to portfolio
Valentino, the Italian fashion house, and Luxottica have announced the termination of their global eyewear licensing agreement in June 2022, after a five-year collaboration that has been described as successful by both partners.
LVMH takes full control of Thélios
LVMH and Marcolin have announced in a short common statement last Friday the end of their joint venture partnership in Thélios, with the French luxury group purchasing the 49 percent share of Marcolin in the company. No financial details were disclosed. LVMH, which becomes the sole owner of Thélios, said ...
Spektrum to diversify after new financing round
Spektrum, the Swedish-based brand of ski goggles and sunglasses, has raised 18 million Swedish crowns (€1.7m-$2.0m) from new partners in order to finance its future international development and the diversification of its product portfolio in the safety equipment sector.
Ukraine eyewear retailer rolls out major growth plans
Ukraine’s eyewear retailer Optika 1st announced plans to boost its network from 168 to 500 stores in Ukraine and launch its first outlets in Europe in the next few months, taking advantage of a rather successful development scheme.
