Kering Eyewear H1 sales top 2019 level by 22%
Kering Eyewear reported a 61.8 percent year-on-year jump in revenues and on comparable currency basis, reaching €383 million for the first half of its 2021 fiscal year. Deducting €57 million in royalties and intragroup sales, the company’s net contribution to the group’s H1 revenues totaled €326 million, up 69.8 percent ...
Sun Hing turns a small profit despite 23% sales drop
Sun Hing Vision Group, the Hong Kong-based eyewear company, reported a 23.1 percent year-on-year drop in annual sales to 702 million HK dollars (€76.4 m-€90.3m) for its 2020/21 fiscal year as both its OEM and distribution business were significantly impacted by the Covid-19 pandemic.
Luxottica facing €125 m penalty from French competition watchdog
L’Autorité de la concurrence, the French market competition regulator, sanctioned Luxottica yesterday with a €125 million penalty for anti-competitive behaviors in France between 2005 and 2014. EssilorLuxottica immediately announced that it would appeal the decision, highlighting that the group had always conducted its business according to the highest standards of ...
Demo lenses find new life in eyewear frames
A few months ago, Yair Neuman, a London-based eyewear designer, and Cubbitts, an eyewear maker and retailer also based in the British capital, launched FUSED, a collection of eyewear made from DELEREX. The new material, developed and patented by Neuman, is entirely recycled from demo lenses collected at optical stores ...
Jimmy Fairly to boost international business under new ownership
The vertically integrated French eyewear brand Jimmy Fairly is changing hands after its founders, Antonin Chartier and Sacha Bostoni, and the investment fund Experienced Capital, their main financial partner since 2017, agreed to sell a majority stake of the company to the HLD investment fund. Experienced Capital will exit the ...
Luxexcel accelerates in smart prescription lenses
Luxexcel, the Dutch-based supplier of 3D-printed lenses, announced yesterday the launch of its new platform for the manufacturing of prescription lenses for smart glasses. The announcement comes only a few months after the company partnered with WaveOptics, a U.K-based supplier of waveguides.
Essilux opens smart eyewear innovation center in France
EssilorLuxottica announced earlier this week the creation of a smart eyewear innovation center in France. Located at the group’s production site in Dijon, the new Smart Eyewear Technologies Center aims at reinforcing the company’s expertise and expanding its capabilities in electrochromic – electronically-powered and automated change of the tint of ...
Hans Anders to start using new AI tool for style recommendations
Hans Anders will start using STYLE PTTRNS, a style recommendation tool for prescription eyewear created by Eindhoven-based startup PTTRNS.ai, on its Dutch e-commerce website starting July 15. The company’s program is presented as a service to assist online and in-store customers in the time-consuming and often challenging selection of their ...
Kering Eyewear acquires Lindberg
Kering Eyewear, an entity of the French luxury group Kering, announced on July 8 the acquisition from the Lindberg family of 100 percent of the share capital of LINDBERG, the Danish-based independent eyewear company. The details of the transaction, which is expected to complete later this year after regulatory clearance, ...
Fielmann business recovery accelerated in H1
The Fielmann retail group released preliminary figures for the first half of the current financial year during its annual general meeting on July 8. The company said that its business’ recovery accelerated in Q2 thanks to declining Covid-19 incidences on the optical market and to its ongoing internationalization and digitization ...
GLCO to boost DTC under new ownership
Garret Leight Califiornia Optical (GLCO), the Los Angeles-based eyewear brand, has announced a strategic investment by The Untitled Group, an investment company specializing in consumer brands based in New York. According to the terms of the agreement, Untitled is investing $20 million in exchange for a majority share in the ...
Q2 Stock price update: Essilux hits record high
We are giving here our quarterly update on the evolution of the stock price of 19 public companies operating in our core market, which grew by 9.4 percent on average between March 31 and June 30.
Afflelou rebounds 3 % higher than in 2019
The Afflelou group reported revenues of €189.3 million for its third quarter and of € 618.1 million for the first nine months of its current financial year, representing year-on-year increases of 74.4 percent and 24.5 percent, respectively.
Essilux-GV: transaction closed
As expected since EssilorLuxottica’s previous announcement two days ago, the group completed on July 1 the acquisition of HAL’s 76.72 percent stake in GrandVision at the price of €28.42 per share agreed in July 2019. The transaction will amount to a payment of approximatively €5.5 billion and the Italo-French group ...
Safilo to launch €135m capital increase
The board of directors of Safilo has decided to propose a share capital increase of up to €135 million, the company announced on June 30. The group said that the main objectives of the capital increase were the reimbursement of a shareholder loan to Multibrands, a subsidiary of HAL Holding, ...
